Credilinq.AI is a fintech based in Singapore and serving customers across APAC. The company’s mission is to provide hassle-free and fair access to capital to underserved businesses without the traditional documents e.g. financials and bank statement, and long wait time for working capital.

We are pioneers in the global embedded finance market. B2B PayNow solution will allow the sellers on Sellercraft’s platform, to access money with a instantly for the sales they have done on eCommerce or social commerce apps. This enables sellers to improve cash flow, and restock inventory faster without having to leave Sellercraft’s platform – all with a few simple clicks.

Credilinq.AI is a certified FinTech by the Singapore FinTech Association (SFA). We are also a member of the Credit Analytics Consortium under the Asian Institute of Digital Finance (AIDF).

We have a single Service fee which is charged every time when we disburse your loan. Each borrower is assessed based on your performance on social commerce apps and our pricing algorithm.

Service fee is calculated based on the tenure selected and deducted upfront, meaning you will receive loan amount less Service fees. We will let you know the exact amount of fees before we disburse you your loan.

We charge Service fees only when we disburse you your loan amount. We deduct the fees upfront from the loan amount, meaning you receive loan amount minus Service fees. The borrower (seller) has to pay the entire loan amount on due date.

No hidden charges or additional charges like platform fee, legal fees etc.

Only applicable for late payments. There is a daily late fee which is 3x the daily service fee % for every day of late payment. We provide a 3-day grace period as we do understand payments get delayed in course of business.

Daily Late fee will be charged from the due date. For e.g., if the borrower fails to repay within the grace period, late fee will be applicable from the due date.

Daily late fee of 3X the Daily Service Fee, would be levied in case of delayed payments for each day. Additionally, Service fee would be increased by 4% per annum (or roughly 0.011% per day) for your subsequent loan drawdown. This additional 4% p.a would be removed when you repay the current loan on time.

Eligible customers will see the “Apply now” on your Sellercraft dashboard. We have designed a fully digital solution to save you time and the effort of collecting documents and filling out paper application forms. Paper form loan submissions are not accepted.

Follow the few short steps to complete the application process. Should you not see the option to apply, reach out to your Sellercraft relationship manager for help.

You would need to give Sellercraft platform consent to share your E-Commerce/Social Commerce data with us to confirm the credit limit and pricing. Application does not require additional income documents like financial statements or bank statements.

We endeavour to provide you with a conditional loan decision along with the approximate loan amount and Service fees within 12 hours, once you have given consent to share your social commerce sales data with us. You will be prompted to upload your KYC documents as well.

Once we have verified your documents, the credit line will be available for drawdown. This should not take more than 24 hours after receiving your KYC documents.

You can request for funds immediately once the loan has been approved and loan agreement signed. You can sign the loan agreement and self-initiate a credit withdrawal on Sellercraft platform. We will credit the funds to your bank account the next business day.

Yes. The credit line is given based on your company’s annualized sales on social commerce apps. If the recent sales data can support the MYR 750,000 repayment you will be eligible for a full withdrawal from your approved credit line.

On the due date you would need to repay the entire amount to the bank account designated and provide evidence of the bank transfer. The company must make sure that entire amount is transferred on the due date else the account shall be marked as delinquent, with an additional charge of Daily Late Fee and a 4% per annum increment in the Service Fee for subsequent drawdown.

Yes, multiple drawdowns are possible if there is available credit limit and your recent sales trends are supporting your ability to repay.

In case of two consecutive missed repayments, your access to funds will be suspended and your account will be subject to an internal review before the line is reinstated.