GroverPay plans easy lending for Singapore’s SMEs

GroverPay has launched in Singapore with a plan to support small and medium-sized enterprises (SMEs) gain funding and meet capital requirements.

Krishnan Grover, GroverPay founder

Founded earlier this year, the firm says it its operations are now up and running.

GroverPay offers a variety of loans for SMEs, including working capital, inventory financing, and investment in technology.

It says new customers just need to register with an email ID and mobile number to gain access.

The new lender promises a document verification and onboarding process which can approve applicants in under 24 hours.

GroverPay is led by CEO and founder Krishnan Grover, chairman of digital banking solutions and consulting firm Grover.

Grover is part of Nityo Infotech, an Indian IT services and infrastructure management company.

Nityo founder Naveen Kumar is also chairman and lead investor in GroverPay, through its venture arm, KFC Ventures.