Tutum is kicking off its push into underbanked lending in Southeast Asia by onboarding over 20 diverse SMEs.
Tutum, a Singapore-based fintech bridging traditional small and medium enterprises (SMEs) lending with decentralised finance (DeFi), has partnered with the team behind the Glo Dollar stablecoin to fund underbanked small and medium enterprises (SMEs) across Southeast Asia.
Through the partnership, Tutum will integrate USDGLO into its on-chain lending infrastructure, and the programme will also simultaneously support charity programmes through Glo’s unique model.
“We believe capital should do more than just grow — it should make a difference,” said Joshua Nathan, Founder of Tutum. “By partnering with Glo Dollar, we’re unlocking a new class of real-world lending that generates both yield and impact.”
Tutum recently launched its Ethereum Virtual Machine (EVM)-compatible minimum viable product (MVP), and is currently onboarding over 20 different SME borrowers in Singapore. The platform offers around 10 to 13% APY to stablecoin holders, backed by real-world loan repayments from vetted businesses.
“Tutum represents exactly the kind of real-world utility we want Glo to power,” said a representative from Glo Foundation. “They’re delivering financial access where it’s most needed — while turning stablecoin yield into a force for good.”
This partnership marks a new chapter in purpose-led DeFi for both parties, and interested users can join Tutum’s waitlist.
