SC Ventures, the innovation, fintech investment and ventures arm of Standard Chartered, has launched a new invoicing and billing platform dubbed ‘Labamu’, aimed at helping small and medium-sized enterprises (SMEs) in the Asia Pacific (APAC) region accelerate their growth.
Labamu aims to empower SMEs in APAC by providing digital billing, stock and material management, customer relationship management, and reporting, while also offering access to financial services like embedded banking, operating account, and later procurement and working capital financing.
Through its 'Wanita Tumbuh Bersama' campaign, Labamu actively promotes female empowerment in the SME sector and has already trained over 7,500 business owners in essential management practices.
Labamu has earned the trust of over 80,000 small business owners and aims to make a significant impact in enabling the growth of SMEs in the APAC region.