FATFISH GROUP LIMITED — Capital/Financing Update 2016

Nov 27, 2016

Fatfish Internet Group Ltd (ACN 004 080 460)

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Level 2, 395 Collins Street Melbourne Victoria 3000

**28

November
2016**

**CORPORATE

UPDATE**

The
fintech
venture
builder
arm
of
Fatfish,
Fintech
Asia
Group,
and
Investorlend invest
in
the
P2B
invoice
financing
platform
SmartFunding

• SmartFunding
  secures
  SG$700,000
  seed
  funding
  from
  strategic
  investor Investorlend
  and
  Fintech
  Asia
  Group

• SmartFunding
  is
  now
  live,
  open
  for
  investors
  and
  invoice
  sellers
  to
  sign
  up

• The
  alternative
  investment
  platform
  aims
  to
  help
  SMEs
  improve
  their
  cash flow

• The
  platform
  enables
  investors
  to
  invest
  in
  invoices
  and
  make
  attractive returns

• Powered
  by
  a
  team
  of
  experienced
  executives
  from
  fintech
  and
  fund management
  industries

SmartFunding,
a
platform
that
provides
small
and
medium
businesses
(SMEs) trustworthy
alternative
financing
solutions,
secures
SG$700,000
in
seed
funding.
This round
of
seed
funding
is
led
by
Fintech
Asia
Group,
a
member
company
of
the
Australia-­‐ listed
venture
builder
Fatfish
Internet
Group
(ASX:
FFG),
and
strategic
investor Investorlend,
a
licensed
investment
firm
in
Australia
specialising
in
safe,
secured
and innovative
lending
solutions.

The
Peer-­‐to-­‐Business
invoice
financing
platform
bridges
the
SME
funding
gap
by allowing
SMEs
to
sell
their
yet-­‐to-­‐be-­‐paid
invoices
to
investors
who
want
to
purchase future
cash
flows.
SmartFunding
aims
to
deliver
strong
returns
to
investors
looking
to invest
in
online
invoice
financing,
while
finding
more
funding
options
for
SMEs
in Southeast
Asia
to
help
support
their
growth
potential.

Driven
by
this
two-­‐pronged
objective,
SmartFunding
acts
as
a
neutral
and
reliable platform
that
match-­‐makes
SMEs
with
investors,
who
stand
to
make
high
returns
of between
1.7%
and
2.5%
a
month,
or
20%
-­‐
30%
return
a
year
by
purchasing
invoices sold
by
SMEs
on
the
SmartFunding
platform.
As
an
innovative
fintech
platform, SmartFunding’s
role
involves:

• Sourcing
  for
  investors

• Credit
  assessment
  of
  Invoice
  Sellers
  and
  Invoice
  Debtors
  (those
  to
  whom
  the unpaid
  invoice
  was
  issued)

• Legal
  servicing
  and
  facilitation
  of
  transactions

• Fund
  disbursement
  and
  monthly
  payments
  collection

• Bad
  debt
  resolution

Fatfish Internet Group Ltd (ACN 004 080 460)

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Level 2, 395 Collins Street Melbourne Victoria 3000

SmartFunding
is
run
by
experienced
professionals
from
the
fintech
and
fund management
industries
across
various
international
markets.
Their
Chief
Technology Officer,
whose
extensive
experience
includes
working
with
the
world’s
biggest
peer-­‐to-­‐ peer
lending
platform
Lending
Club
as
well
as
the
Chinese
version
of
it
Dianrong,
Diego Rojas
explained
that
“their
vision
is
to
provide
the
best-­‐of-­‐breed
technology
and operational
practices
that
meet
the
needs
of
SMEs
and
investors”.

“At
SmartFunding,
we
want
Singapore's
SMEs
to
benefit
from
a
flexible
way
to
improve their
cash
flow.
We
look
forward
to
working
closely
with
our
invoice
sellers
and investors
to
ensure
that
our
platform
is
aligned
with
the
interests
of
both
parties,
where risks
are
credibly
managed
and
transparency
is
upheld,”
said
Sandra
Ernst,
CEO, SmartFunding.

The
SmartFunding
platform
is
now
live
and
those
interested
in
joining
as
Investors
can sign
up
at
www.smartfunding.sg.
In
addition
to
P2B
invoice
financing,
SmartFunding aims
to
roll
out
other
innovative
Fintech
products
in
the
near
future.

About SmartFunding

Founded
in
Singapore,
SmartFunding
is
a
P2B
invoice
financing
platform
that
provides carefully
selected
investment
opportunities
to
investors
who
are
interested
in
making high
returns
through
investing
in
invoices.
SmartFunding
also
represents
an
alternative financing
solution
that
is
focused
on
small
and
medium
businesses,
so
that
taking
out term
loans
for
working
capital
purposes
is
no
longer
their
biggest
challenge
in
these credit
tightening
conditions.
Helping
local
businesses
raise
the
interim
funds
translates into
high
returns
for
investors,
hence
the
birth
of
SmartFunding:
to
help
bridge
the
SME funding
gap
by
matching
invoice
sellers
with
investors.

For
more
information,
please
visit
www.smartfunding.sg

Fintech Asia Group

Fintech
Asia
Group
(FAG)
is
a
Southeast
Asia-­‐based
venture
builder
focused
exclusively on
fintech
businesses.
The
group
boasts
a
strong
management
team
with
experience
in both
company
building
and
the
financial
services
industry.
Supported
by
strategic investors
that
include
ASX-­‐listed
Fatfish
Internet
Group,
FAG
is
currently
involved
in
a variety
of
different
fintech
areas,
such
as
online
insurance
and
P2P
lending.
With
a strong
foothold
in
Indonesia,
Malaysia
and
Singapore,
the
group
is
well-­‐positioned
to expand
further
across
Asia.

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 2, 395 Collins Street Melbourne Victoria 3000

For
further
question
on
this
release,
please
contact:

Investor
Relations
Team ir@fatfish.co