MUFG Innovation Partners completes investment in Tinvio.
MUFG Innovation Partners invested in Digital Services SG Six Pte Ltd (Tinvio), a B2B trade payments and financing platform for SMB merchants and suppliers in Asia
Jul 15, 2021 – MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), the leading global financial group of Japan, recently invested in Digital Services SG Six Pte Ltd (“Tinvio”) – a B2B trade payments and financing platform for merchants and suppliers in Asia.
Tinvio helps SMBs manage orders with their suppliers through a chat-led interface. Today,these businesses in F&B and other traditional supply chains still process orders over WhatsApp or phone calls, while payments remain outdated – cash, paper cheques, or manual bank transfers. This makes it tedious for the merchants to keep track of orders, invoices, and payables; while suppliers burn a frustrating amount of time on collections, reconciliations, and cash-cycle management. This also makes credit scoring and financing inaccessible, in turn restraining these SMBs from operating more efficiently.
Tinvio’s focus to date has been building a user experience that makes it incredibly easy for merchants and suppliers to transact. The chat-led interface enables SMBs to exchange messages, orders, invoices, and payments in just a few taps.
The new funding will be used to expand the team’s technology and growth functions, as the company doubles down on B2B real-time payments, credit financing, and other trade services. Through the investment, MUIP would support Tinvio’s business growth and international expansion, and strategic partnership with Mitsubishi UFJ Financial Group.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “Committed to empowering a brighter future.” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english
Tinvio is a B2B transactions platform that helps merchants manage orders, invoices, and payments with suppliers via a chat-led interface. Tinvio is built around the idea that every merchant and supplier should be able to work smarter together. Through clean design, agile engineering, and genuine support, we unlock capabilities that make them more productive and profitable.
For more information or queries, please see https://www.tinvio.com