Asset-based finance platform HPD Lendscape opens Singapore office

This marks its first Southeast Asian foothold.

HPD LendScape, an asset-based finance software platform, opened its first Asian office in Singapore, an announcement revealed.

The opening of the Singapore office marks the company’s first foothold in Southeast Asia.

“With the growing use of ABF as a form of SME financing in the region, HPD and FCI are looking to support providers by providing the best technology and software, as well as professional support and access to an international network,” the firm said.

According to the firm, Singapore accounted for 10% of Asia Pacific’s $1.07t factoring value and is only second to China in terms of export/import value with $6.13b in transactions.

HPD in collaboration with FCI, is holding the first Receivables Finance Workshop in Singapore with over 30 regional and global banks and factoring companies.