Pilon
Founded in 2020 and headquartered in Singapore, Pilon digitalises factoring processes - allowing buyers to extend their payment period while assisting suppliers in obtaining immediate access to their owned payment through automation. Pilon also works with banks and financial institutions in Southeast Asia to digitalise their factoring process.
In addition, Pilon provides an earned wage access program that allows employees to draw down from their earned wage anytime, allowing them to meet their financial obligation without getting into debt.
Pilon is present in markets in the ASEAN region, working with reputable banks and enterprises, delivering alternative forms of financing that many SME suppliers are not able to easily access.
These online businesses may not have the necessary business data or physical assets required for traditional financing, and this is where Polaris by Goldbell Financial Services steps in to provide the alternative financing options with the availability of alternative data.
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