Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. The company claims itself as the largest pure marketplace platform in Singapore and greater Southeast Asia offering invoice financing and secured lending products. Accredited investors globally may now 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, Capital Match obtained a CMS Licence with the Monetary Authority of Singapore, allowing the platform 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 and 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 reported that it continues to grow strongly month-over-month on invoice financing origination and is ramping up on secured lending, having currently originated 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.
Capital Match has received funding from investors including Dymon Asia Ventures, a fintech-focused venture capital fund which backs promising early stage fintech companies across Southeast Asia, and also expects to announce additional partnerships in the near future.