SourceSage now approved for both the Digital Resilience Bonus (DRB) and Productivity Solutions Grant (PSG)
Singapore, November 30 2020 — SourceSage is now qualified for Category 2 of the Digital
Resilience Bonus announced by DPM Heng at the Fortitude Budget on 26th May 2020
alongside the existing Productivity Solutions Grant.
This means that for DRB, merchants under the retail sector can now get an additional bonus
of S$2,500 by adopting the pre-defined categories of digital solutions. To qualify for DRB,
the enterprise (UEN) must be:
(i) incorporated on or before 26 May 2020 with a Retail SSIC code
(ii) using SourceSage Online Store between 1 June 2020 and 30 June 2021
(iii) having an active PayNow corporate account
(iv) using InvoiceNow
*If you are using SourceSage Online Store solution under PSG, you are eligible for DRB.
To receive up to 80% funding, SMEs can also apply for PSG if they meet the following
criteria:
(i) Have a registered and operating Company in Singapore
(ii) Purchase/lease/subscription of SourceSage Online Store solution for use in Singapore
(iii) Have a minimum of 30% local shareholding (for selected solutions only)
To sign up for both PSG and DRB, please visit: https://sourcesage.co/page/guides
About SourceSage
SourceSage is an ecommerce platform company founded in 2015, which aims to empower
enterprises and individuals with their own platforms to start, grow and scale their businesses
online successfully. By providing procurement and distribution services for both MNCs and
SMEs, SourceSage is the intermediary that bridges merchants’ barriers to access, with the
goal of accelerating the transaction process. Our various aggregated platforms engage more
than 7000 merchants from over 14 countries, equipped with more than 50,000 products. Our
clients include DBS Bank, DHL, Mitsui & Co. and many more.
For further information, please reach out to investorrelations@sourcesage.co.