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The cash will probably be used to facilitate the businesses growth to Hong Kong, growth of know-how and constructing its monetary companies portfolio.
Capital Match has constructed a digital invoicing platform and helps present SMEs with credit score danger evaluation, financing and assortment instruments and repair to assist them handle investments. It additionally helps SMEs obtain funding effectively as a result of the startup’s database has a full ecosystem of buyers searching for alternatives.
Additionally Learn: Malaysian startup StoreHub raises US$5.1M in Sequence A spherical led by Vertex Ventures
A serious motive why Capital Match selected to maneuver to Hong Kong is due to its hands-off regulatory tradition, based on Pawel Kuznicki the Founder and CEO,
“Our first alternative after Singapore has been Hong Kong as a consequence of its supportive regulatory atmosphere. There’s a massive and equally developed factoring market in Hong Kongbut it’s nonetheless in its early stage when it comes to on-line spot bill financing disruption,” he stated.
B Capital, a fund created by Fb Co-founder Eduardo Saverin, is thought for investing in HealthTech and logistics corporations. Its notable portfolio corporations embrace Ninja Van and CXA Group. The funding in Capital Match marks a foray into fintech.
“We’ve got been actively taking a look at fintech alternatives, particularly addressing the massive and rising SME lending market. Capital Match is properly positioned to remodel lending to SMEs with its sturdy credit score processes, operations and know-how,” stated Kabir Narang a Accomplice at B Capital in an announcement.
Capital Match is a Bill Financing Supplier in Singapore
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