RIABU unveils campaign to urge large firms pay SMEs on time

The movement, Pledge2Pay, aims to help SMEs survive the COVID-19 period.

Singapore-based social fintech firm RIABU has launched a campaign where large companies are urged to pay their invoices issued by their small and medium enterprise (SME) suppliers within thirty days, an announcement revealed.

The movement, Pledge2Pay, aims to help SMEs survive the COVID-19 period.

RIABU noted that the pandemic is putting pressure on the cash flow of SMEs as their sales volumes and orders are getting weaker. Monthly overheads are due within 30 days, but large companies often pay only after 60 days or longer.

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