26 - 05 - 2017 |
Capital Match crosses S$40m (US$29m) in origination and opens to international accredited investors with the addition of a custodian trust account and new secured lending products offered through its subsidiary.
SINGAPORE - 26 May 2017(amended on 8 September 2017) - Capital Match (www.capital-match.com) announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. The company is the largest pure marketplace platform in Singapore and greater Southeast Asia. Accredited investors globally are now able to invest in receivables financing of Singapore-based companies with Capital Match's recent introduction of a custodian trust account (restrictions apply to US investors).
"We decided to establish the platform in Singapore because it boasts one of the strongest legal jurisdictions in the world," said Capital Match CEO Pawel Kuznicki. "With an advanced economy and mature business culture, Singapore resembles Australia or the UK more than a typical developing Asian economy."
In early 2017, CM Advisers Pte. Ltd. (a 100% subsidiary of Capital Match Holdings Pte. Ltd.) ("CMA") obtained a CMS Licence with the Monetary Authority of Singapore, allowing CMA to offer a wider range of securities to investors.
Capital Match currently offers short term invoice financing facilities with net interest to investors in the range of 15-35% annualised, while CMA offers secured lending products with net interest of 6-30% and tenure of 3-24 months. In invoice financing, majority of the facilities are notified to the sellers' debtors with the payment made directly to a Capital Match-controlled bank account. Additionally, the platform often requests the sellers to procure trade credit insurance or registers a charge against all of the sellers' receivables.
Capital Match continues to grow strongly month-over-month on invoice financing origination and CMA is ramping up on secured lending. The platform currently originates S$4-5 million (US$2.9-3.6 million) across 60-80 facilities per month and has a low minimum investment size per facility of S$1,000 (US$700) or less, providing a high degree of diversification. Additionally, international investors can also enjoy geography and currency diversification.
The company is currently working on a number of exciting partnerships that it expects to announce soon.
Capital Match has received funding from investors that include Dymon Asia Ventures, a fintech-focused venture capital fund which backs promising early stage fintech companies across Southeast Asia.
How do I set up an investor account at Capital Match?
Accredited investors globally can now create an investor account at https://lending.capital-match.com. Investors can choose to invest in selective facilities or through the Auto Funding feature, and can withdraw available cash at any time. Minimum investment starts at S$1,000 (US$700).
About Capital Match
Capital Match is a leading invoice financing and secured lending (through its subsidiary) marketplace platform in Southeast Asia.
About Dymon Asia Ventures
Dymon Asia Ventures is the venture capital arm of Dymon Asia Capital, an alternative investment management firm with assets under management approximating US$5.6 billion (including committed capital and notional assets) across public and private market funds as of May 1, 2017. Dymon Asia Capital is headquartered in Singapore with offices in Hong Kong and the United Kingdom.
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