SC Ventures, Standard Chartered’s fintech investment arm, has launched Labamu, an invoicing and billing platform for APAC small and medium enterprises (SMEs).
Labamu aims to improve operations, increase sales, and provide access to financial services. The platform is initially rolling out in Indonesia.
Labamu offers omnichannel sales support, including tools for digital and physical marketplaces, as well as catalogues, stock management, and reporting.
The platform also provides integrated financial services such as embedded banking, procurement, and working capital financing.