Anyone aged 18 years old or older can become an investor on the platform.

Capital Match provides an alternative investment opportunity: Fixed-income investment into local SMEs with an attractive net APR of 15-25% with short-term tenure. We provide full legal and operational support, putting forward to investors only fully assessed potential borrowers. In our role, we:

1. Screen potential borrowers
2. Prepare a facility request on their behalf
3. Facilitate the funding online
4. Process legal documentation
5. Disburse funds and collect monthly payments
6. Act on behalf of lenders for bad debt cases

Capital Match typically works with Singapore-based businesses with annual revenues of SGD 1-10m from diverse sectors.

The minimum investment amount per facility for now is S$1,000. The cap is the total amount requested by the borrower.

The interest rate we charge SMEs is typically in the range of 1.5-2.5% per month. The return you can make on your capital at risk is 80% of that interest (20% we collect as our commission) which yields a net APR of 15-25%. However, the return is not guaranteed since your capital is at risk - there is a risk of 100% loss of capital and interest on a facility should a borrower default and debt recovery and legal proceedings are not successful.

Commission on interest earned of 20% (but the APRs we present are net of this commission)
One-time onboarding fee of S$15 (charged by our trustee, Watiga Trust) - to set up an account for an individual investor (S$250 for a corporate / institutional investor)
Withdrawal fee of S$5 (charged by our trustee, Watiga Trust) - for each withdrawal to a Singapore bank account (S$20 for each withdrawal to a foreign bank account)

The process is following:

1. You register an investor account account with us on the platform
2. Upon activation of your profile, you can browse available facilities on the platform
3. If you are interested in investing in any of them, you transfer funds to the bank account listed on the platform
4. We will reflect the new funds on your account balance within 24 hours - you can then select any of the available facilities and decide how much funds you want to commit
5. Once a minimum of 50%, or S$100,000 of the facility amount, whichever is lower, is subscribed and the borrower accepts it, we prepare the legal documentation for the parties to enter into the agreement
6. The funds are disbursed to the borrower
7. Once we collect the repayments, we update your account balance
8. You may request to withdraw your funds through the platform using the "Withdraw Cash" feature

Registration process should take no more than 10-15 mins and activation of the account no more than 1-2 days. Investment decision is up to you. The facility stays open on the platform for up to 30 days or until it is at least 50%, or S$100,000 subscribed, whichever is lower, and the borrower accepts it, whichever happens first. Once the facility is accepted by the borrower, we need no more than 1-2 days to prepare the legal documentation and finalize the funds transfer.

You can find the list of required documents upon registration.

You commit funds by transferring them to the trust account listed on the platform and later they are disbursed to borrower(s) (upon your instructions).

The facility will stay open on the platform for up to 30 days or until it is at least 50% subscribed and the borrower accepts it, whichever happens first.

The facility request is finalized when the funds commitment from lenders have reached a minimum of 50%, or S$100,000 of the facility amount, whichever is lower, and the borrower chooses to accept the facility. At that point the funds disbursement is only subject to signing of the documents.

You can monitor repayments through your investor account on our Platform. You may also wish to contact us at [email protected]

The repayments are calculated on either (a) interest only or (b) principal and interest basis (or a combination of both).

(a) The borrower repays every month only the interest and the principal is repaid in full at the end of the facility's term. The calculations for the interest repayments ("Interest Repayment") are following = Interest Rate x Outstanding Principal Amount.

(b) The borrower repays every month both interest and principal. Principal is repaid on an amortized basis ("Principal Repayment") according to the following formula = Outstanding Principal Amount x [Interest Rate / (1 - (1 + Interest rate)-Tenor)] - Interest Repayment.

Total monthly repayments are then following = Interest Repayment + Principal Repayment. Each facility request sheet includes a schedule of repayments.

There could also be a combination of (a) and (b) with interest only repayments initially followed by principal and interest repayments.

Lenders are entitled to 100% principal repayment and 80% interest repayment. Capital Match also charges the borrower a monthly processing fee.

Outstanding principal cannot be accessed by the investor unless the borrower repays early.

For loan facilities, the borrower can repay early subject to a first 3-month non-repayment period. There is no early repayment fee. For invoicing facilities, the debtors may pay back earlier than expected, or the invoice seller may decide to repurchase the invoice(s) from us. There will be no penalties.

If the borrower misses a payment, Capital Match will follow up with the borrower to resolve the issue and strive to get the repayment as soon as possible. There is a late payment interest of 0.7% per week (for invoice financing) or 0.1% per day (for loans) on the outstanding principal payable to the investors for each week or day, respectively, the payment is late until it is settled (there is a 30-day grace period for invoice financing).

In the event of a borrower's default on their obligations, Capital Match will use multiple legal measures available to collect the outstanding debt. If this is unsuccessful, we might hire a debt collection agency or start a legal proceeding against the borrower. The cost of the legal proceeding shall be borne by the investors.​

The borrower's director(s) provide a personal guarantee for each facility.

We perform a typical bank-like credit risk assessment of the borrower that includes review of financial statements, bank statements, tax assessment (corporate and of directors), credit rating (corporate and of directors) etc. We present the results to the lenders on the facility request available on the platform.

DP Information Group (part of Experian) or D&B; Singapore.

In a case of borrower's bankruptcy, the lenders still have claim over borrower's assets, though the debt owed by the borrower to lenders processed by Capital Match is fairly junior so there might be no assets left for the lenders. In such a case, given the personal guarantee pledged by the borrower's director(s), the directors themselves are personally liable for the owed debt.

We run a number of checks to prevent fraud on our platform, among others:

1. For all the parties registered with Capital Match we perform identity check (NRIC scan for individuals and ACRA's Business Profile for companies)
2. We only register individuals and companies that have a bank account with a Singapore-registered bank
3. We run extensive credit risk assessment that involves checking both corporate and directors' credit bureau scores
4. In all cases we arrange for at least one meeting between the borrower and our officer for us to better understand the financing needs and the specific situation of the borrower

Yes, you can remain anonymous on the platform.

Each facility request has a facility request sheet that has detailed information on the borrower including his financials, credit risk overview etc.

Investors shall not contact borrowers directly unless agreed upon with Capital Match.

The key documents that govern the provision of our services normally include Terms & Conditions, Invoice Discounting / Factoring Agreement, and Agency Agreement.

You should always seek independent financial advice on whether this product is suitable for you.

​Any interest earned through lending or invoice financing activity in Singapore is subject to taxation and should be declared to IRAS. For non-Singapore tax residents, a withholding tax might apply as well.

Please seek independent tax advice on your tax obligations.

Invoice financing, unlike the promissory notes that we use for our loan facilities, does not create debt. Invoice financing is an agreement for a sale and buyback of an invoice with the right to the payment on it. An invoice seller (an SME) sells us an invoice that it issued to a debtor (usually a large corporate in Singapore). We are then entitled to the payment on this invoice. These invoices are originally assets on the seller's balance sheet, and by selling to us these assets, we provide them with working capital that helps their business grow.

1. Fully notified/disclosed invoice financing (or "factoring") with payment directly to Capital Match - the debtor is notified of and agrees on the arrangement with the payment being made directly to Capital Match (the safer type of invoice financing - most invoice financing facilities on Capital Match platform are of this type).

2. Non-notified/disclosed invoice financing (or "discounting") with the debtor not informed of the financing arrangement and still paying to the invoice seller (instead of directly to Capital Match). The payment, however, is made to a joint signatory account controlled by a Capital Match officer. Nonetheless, in most cases we will still have the right to the assignment of the payment on the invoice or at least we will place a charge on the invoice seller's ACRA.

Even if the invoice does not perform / there is a default on the invoice payment, in every case we have a recourse to the invoice seller (the invoice seller has to buy back the invoice) and personal guarantee(s) of the director(s). Thus, if that happens, the arrangement then resembles unsecured lending (it does not mean it's a complete default). In some cases we also request from the invoice seller to procure a trade credit insurance against a default on the invoice payment (and we facilitate the process).

For invoice financing transactions, Capital Match enters into Invoice Discounting / Factoring Agreement with invoice sellers on behalf of investors.

Although Capital Match provides an expected date, the date of repayment is not definite, as this now depends on when the invoice seller’s debtor repays on the invoice. Until the date of repayment, interest will continue to be charged on the facility, at the monthly rate agreed upon, and charged pro rata on a weekly basis.

The advance amount is typically between 70% and 85% of the invoice value, and gives investors additional buffer should the debtors delay their payments longer than expected. Upon repayment from the invoice seller’s debtor, Capital Match will distribute your principal and interest to investors, while returning any excess amount (if applicable), to the invoice seller.