Singapore fintech startup Capital Match raises funds led by B Capital Group

Pawel Kuznicki, director & co-founder of Capital Match. Credit:The Asian Entrepreneur

Capital Match Holdings Pte. Ltd. (Capital Match), a Singapore-based fintech company which operates a regional platform for invoice financing and secured lending, has closed an oversubscribed Series B financing round led by B Capital Group, according to a media release.

Existing investor Dymon Asia Venture Capital Fund also backed the round. Financial terms of the investment are undisclosed.

The proceeds will support its latest expansion to Hong Kong, technology development and growth of its financing products portfolio. This investment will also see Kabir Narang, Partner at B Capital, as well as Dave Ng, Principal, join Capital Match’s board.

In addition to the equity funding, it has recently secured debt financing from institutional investors thus increasing its funding capabilities and the speed at which it can provide financing to SMEs. Capital Match’s last publicly disclosed investment is a $1 million Series A round led by Innosight Ventures.

B Capital, which counts Facebook co-founder Eduardo Saverin as a partner, backs investments in fintech, healthcare, industrial logistics, and consumer enablement companies.

Pawel Kuznicki, Founder and CEO, Capital Match, said, “The investment from B Capital together with the continuous support from Dymon Asia is a strong confirmation that we have built a unique online lending platform for Southeast Asian SMEs. We are seeing a significant financing gap for the region’s SMEs and are determined to address it by introducing new technologies across multiple countries.”

“Our first choice after Singapore has been Hong Kong due to its supportive regulatory environment. There is a large and equally developed factoring market in Hong Kong but it is still in its early stage in terms of online spot invoice financing disruption. Simultaneously we are also working on a number of strategic initiatives that would put the company on an exponential growth trajectory.”

Since the inception of its invoice financing product in February 2016, Capital Match claims to have originated cumulatively S$55 million for small and medium-sized enterprises (SMEs) in the city-state through its platform.

The firm competes with other peer-to-peer (P2P) crowdfinance platforms such as FundedHere, Funding Societies and Moolahsense, which offer equity and debt crowdfunding.

In this domain, a group of retail investors can pool individual funds and acquire equity in companies or extend it to businesses as loans. These platforms consolidate their investors’ funds and facilitate the origination of the transactions, list potential companies and SMEs as borrowers or investment opportunities on their platform.

Also Read:

Lack of credit risk data is key challenge to SME lending: Kuznicki, Capital Match

P2P lending platform Capital Match raises S$1m Series A round led by Innosight Ventures

India: PoS machine-maker Mswipe raises $10m from DSG Consumer, B Capital

Dymon Asia picks 6.86% stake in Singapore’s SME financier IFS Capital

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.