TASConnect has been selected as one of the top 20 hottest startups of 2023 by Singapore Business Review.
Kingshuk Ghoshal and Sujay S K
Co-founders: Kingshuk Ghoshal, Sujay S K
Total funding: US$6M
Founding year: 2022
The bank-agnostic trade and supply chain finance platform was incubated through SC Ventures, Standard Chartered Bank’s innovation, fintech investment and ventures arm. It began commercial operations in the second quarter of 2022. TASConnect offers enterprises and financial institutions with scalable, customisable, and multi-funder solutions for Accounts Payable and Accounts Receivable by enabling the availability of working capital to last-mile suppliers and buyers in efficient and cost-effective ways. In 2022, the platform achieved revenue-generating status, recording a gross transaction value of more than US$10b by handling over 225,000 invoices. Amongst the platform’s pioneer clients is Lenovo.
SEE FULL LIST: 20 Hottest Startups of 2023
About Singapore Business Review
Singapore Business Review (SBR) is the definitive magazine for Singapore’s business elite. Founded in 2001, SBR is the only local business magazine in Singapore guaranteed to reach senior decision makers in the top 1,700 companies with combined sales of S$692 billion and 94% of listed companies.
Its print platform is published quarterly with circulation of 25,000 copies, while its online arm sbr.com.sg offers daily fresh and unique content with over 170,000 unique active users every month.
Singapore Business Review is part of the media company, “Charlton Media Group”, a leading B2B publication and events company in Asia with titles such as Hong Kong Business, Asian Banking & Finance, Insurance Asia, Asian Power, and Healthcare Asia.