Asia PacificBreaking News

Fintech Capital C raised seven-figure investment in Pre-Series A funding round

Capital C Corporation, a fintech services provider based in Singapore, has raised seven figures in a pre-series A funding round from high-net-worth individuals, Phillip Private Equity, and Azure Capital.

According to a statement released by Capital C on Tuesday, the strategic raise will be used to scale the company’s entry into new Southeast Asian markets and to develop a super app that will increase access to credit facilities for small businesses and individuals, including those with little or no credit history and those who are unbanked or underbanked.

As part of its efforts to increase financial services accessibility for more underprivileged communities and businesses in Southeast Asia, Capital C is entering new markets.

Despite high internet penetration rates, the World Bank estimated that 80% of people in Indonesia, the Philippines, and Vietnam, and 30% of people in Malaysia and Thailand, are still unbanked.

It further stated that even in more developed economies, there is still a need for inclusive financial solutions, as evidenced by the fact that 38% of Singaporeans are deemed underserved, despite only 2% of the population being unbanked.

With the help of the additional funding, Capital C will be able to develop a super app that unifies its entire financial ecosystem onto a single, smooth platform.

It was mentioned that this one-stop app will offer a variety of digital microfinance services, such as business and personal loans, “buy now, pay later” options, and hire purchase goods.

This will strengthen Capital C’s resolve to become more than just a lender by giving consumers access to a comprehensive range of financial services designed to satisfy their personal and professional requirements.

“This fresh wave of funding reflects the immense value of uplifting and empowering financially underserved communities in Southeast Asia, many of whom have fallen through the gaps left behind by traditional financing systems,

“Our mission is to democratize access to the financial tools and opportunities that they rightfully deserve — all while setting a bold new benchmark for inclusive finance,” said Jeames Cheow, Chief Executive Officer of Capital C.

Capital C stated that the company is democratizing financing access for marginalized communities by taking revolutionary measures, building on this momentum.

It pointed out that its current simplified loan application process links clients to quick, easy disbursement and customized credit options, all backed by our strong credit scoring model created over many years of experience in the market.

To ensure that everyone has the resources necessary to establish a solid financial foundation, the company is creating new debit and credit card options as part of its continuous efforts for people who are new to credit or looking for alternatives to conventional options.

According to Capital C, the company wants to create a community where clients can connect with us and one another, exchanging resources and ideas to help them develop their businesses, as it broadens its offerings.

It stated that the company is thrilled to position Capital C as a fintech leader through these efforts, committed to assisting its clients’ financial journeys and fostering enduring relationships in the process.

 

 

Related Articles

Back to top button