A monster in the making!!25 November 2020ASX and Media...

A monster in the making!!

25 November 2020
ASX and Media Announcement
Fatfish To Launch Buy-Now-Pay-Later (BNPL) for Corporates across
Southeast Asia via its Singapore Central Bank-Licensed Investee
Smartfunding & Increases its Stake in Smartfunding
Highlights:
 Smartfunding has been granted by Singapore Central Bank (MAS) a Capital
Market Services License
 Smartfunding will launch a Buy-Now-Pay-Later (BNPL) platform for
corporations in Singapore and across Southeast Asia
 The BNPL platform will allow SMEs to apply via a digital process, any
procurement of equipments or services for an amount of S$25,000 up to
S$1,000,000, to be repaid in instalments over 12 or 24 months
 Southeast Asia is a very significant market with Singapore its leading financial
hub. Southeast Asia has a population of 670 million people
 The BNPL business model is in its infancy in Southeast Asia and Smartfunding
has aggressive plans to roll the out the BNPL platform across this market,
beginning with Singapore
 Smartfunding is presently 58.8% owned by Fatfish’s Swedish subsidiary Abelco.
In conjunction with this development Fatfish is acquiring directly an additional
19.9% stakes in Smartfunding