SINGAPORE, June 29 (Bernama-GLOBE NEWSWIRE) — This Singapore-based startup Unius Asia launched project named as Bholdus to offer a comprehensive solution to problems faced by both the traditional finance and crypto world, with a transaction speed 400 times higher than that of the current popular blockchains.
According to SME Finance Forum, Southeast Asian businesses face a capital shortage of close to US$300 billion. In one of the larger emerging markets in the region, while private enterprises account for over 97% of the total number of companies, they receive less than 22% of the total amount of funding from banks, indicating a gap of up to US$21 billion. As a result, loans are gradually moving online, with the volume of auto loans reaching 29% compound annual growth.