Unkapt Capital enters SE Asia to connect SMEs with private debt investors

Satellite view of South East Asia as seen on Google Maps

Unkapt Capital, a unit of Australia’s Evermore Money Management, is scouting for southeast Asian startups seeking to raise between $500,000 and $2 million through debt capital.

The alternative lending marketplace has forayed into the region with the launch of  the Capital Mobilisation Challenge to select potential small and medium size enterprises (SMEs) from Cambodia, Indonesia, Myanmar, Philippines and Vietnam.

Startups, who clear the challenge, will be eligible for an award of $50,000 in the form of assistance grant and advisory support, and/or access to the Unkapt platform.

Successful applicants will also gain access to private debt investors within Unkapt platform.

“Countries in Southeast Asia face an array of sustainable development challenges. A snapshot of these challenges includes access to (clean) energy, health services, sustainable economic growth, adequate infrastructure and reliable water and sanitation services. Local SMEs actively promoting sustainable development in one of the aforementioned thematic areas and in need of debt capital are encouraged to apply to the Challenge,” Unkapt said in a statement.

The challenge is organised in partnership with Melbourne-based financial advisory service firm Pennam Partners.

Investors under Unkapt’s network are family offices, banks, credit funds, venture debt funds and insurance companies. The debt marketplace targets clean tech, health tech, ICT and impact investing.

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