11 - 07 - 2019 |
Singapore, 11 July 2019: Capital Match, a leading invoice financing platform for Small and Medium Enterprises (SMEs), today announces new leadership, following its equity merger with SESAMi Holding, the largest e-procurement platform in Singapore.
Capital Match, joined hands with SESAMi in November 2018, to create a pioneering integrated supply chain financing (SCF) platform to revolutionize B2B businesses financing in Singapore and South East Asia.
Peer-to-peer (P2P) invoice financing facilities remain the key benchmark strengths that make Capital Match a top driver of SME financing in the region. Established in 2014, Capital Match aims to create an inclusive channel for SMEs to access debt financing and help investors generate stronger returns.
Founded in 1999, SESAMi has processed over S$6 billion of e-purchase orders and S$2 billion of e-invoices every year on its platform, while Capital Match has facilitated over S$150 million in financing from investors to SMEs in Singapore and Hong Kong.
We’re delighted to announce that Mr. Ong Teck Soon will continue to drive group leadership in his role as Executive Chairman. Mr. Konrad Tomaszewski will take a leadership role on the Capital Match Platform with the support of Mr. Enoch Tan who recently joined as Chief Investment Officer and head of CM Advisers. Mr. Pawel Kuznicki is stepping down as the CEO of Capital Match. Mr. Kuznicki has developed Capital Match from its inception in 2014 to become one of the leading platforms in Singapore and to the successful merger in 2018. The company wishes to thank him for the service and leadership and wishes him all the best for his future ahead.
The business continues to grow, and the merger parties are looking towards building a stronger footprint in the region. In the coming months, the partnership has expansion plans in other Southeast Asian countries via greenfield development and partnerships. This will involve the expansion into new products, however, the focus for the joint entity will remain on B2B companies.
Capital Match was founded in 2014 as a peer-to-peer lending platform but over the years has evolved to primarily focus on invoice financing services. Since its inception, the company has facilitated more than S$150m in financing from retail, accredited and institutional investors to SMEs in Singapore and Hong Kong. Capital Match has secured investment from a number of established VCs such as Dymon Asia Ventures and B Capital Group.
SESAMi (Singapore) Pte Ltd is Asia's leader in providing trusted solutions for transacting commerce over the Internet. As the foremost commerce service provider and operator of the leading electronic hub (E-Hub) in Asia, they are best positioned to bring a business all the advantages and efficiencies of trading online.
SESAMi offers the infrastructure, software, industry and geographical coverage and expertise to provide a complete suite of business-to-business (B2B) e-commerce solutions that will help businesses better manage your value chain processes, such as sourcing, procurement, planning and order management.
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