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Incomlend has become an affiliate member of FCI, the largest global factoring industry association, and the first Singapore fintech to join the association.

FCI is the leading representative body for factoring and financing of open account domestic and international trade receivables, representing over 75% of the global factoring and receivables finance industry. FCI represents more than 400 top independent factoring companies in 90 countries around the world. For 50 years FCI has served as the voice of the global open account receivables finance association and network by facilitating and promoting factoring, invoice discounting and supply chain finance across regions.

“Being the first Singapore fintech member of FCI is a great honour for Incomlend and a valuable recognition from the most prestigious and influential factoring body in the industry,” comments Dimitri Kouchnirenko, co-founder and director of Incomlend.

“It is also a validation of Incomlend’s strategy focused on international receivables finance. The global factoring industry is undergoing a rapid technological transformation, where alternative finance platforms start coming forward to change the landscape and we are thrilled to be a part of the movement with the industry’s support.”

“We welcome Incomlend to the FCI network and are glad to provide Incomlend with our worldwide support for receivables finance,” adds Peter Mulroy, secretary-general of FCI. “This is a landmark event confirming FCI’s commitment to growing digitalisation of global trade finance.”