Singapore's Capital C Corporation bags SGD74 million in funding & More News Here

The recent injection of funds will serve to gas their lending capabilities and increase their digital monetary platform choices to supply a seamless expertise and in addition aggressive credit score charges to the underserved communities in Singapore.

Founded by two brothers, Jeames Cheow and JJohn Cheow in 2011, Capital C is a conglomerate that provides an ecosystem of curated monetary companies to alter the standard financing panorama – utilizing its revolutionary mortgage origination strategies, with a eager give attention to the financially underserved. They delight themselves on leveraging the best-emerging applied sciences in the market to streamline and modernise their workflows to higher serve their purchasers.

“Capital C came about after JJohn and I started a business in our early years, where we struggled to obtain loans as a relatively new and small business in the market. This inspired us to help those who find themselves caught in the same struggle. With our experience, we were able to venture into the financial sector, and started Capital C with one goal in mind – to develop and provide financial services for any individual or business seeking credit access, from all walks of life,” shared Jeames Cheow, Co-Founder of Capital C.

The financially underserved contains people who’re unable to acquire a bank card or a financial institution mortgage resulting from low/lack of credit score scores, and small companies that are newly integrated or haven’t any financing observe information. Capital C bridges that hole for them by creating a spread of monetary companies which can be tailored to fulfil the wants of those people and companies, serving to them realise the complete potential of their enterprise. In essence, Capital C presents the underserved group a chance to progressively construct an alternate Credit Score – an outlier from conventional monetary establishments, via its complete suite of financing options.

Individual Financing
Integrated with DocuSign & MyInfo, prospects who require money loans can get their mortgage accredited on the digital mortgage platform in lower than 8 minutes, anytime, anyplace.

The extremely environment friendly and totally automated mortgage approval course of is made potential by utilising proprietary algorithmic formulation in superior predictive scoring credit score methodologies.

Capitall (SME Financing)
Capitall empowers SMEs via numerous financing options, resembling enterprise loans, working capital loans, payroll loans, growth financing, and bridging loans.

Capital C understands that each minute is essential to a enterprise. From software to mortgage disbursement, the whole lot is rapidly accredited and processed inside 24 hours.

Capitall Auto (Vehicles Financing)
Capitall Auto Financial Services is a digital automotive financing platform, designed to supply automotive flooring, in addition to in-house loans. The fuss-free In-house Loans / Hire Purchase allows people to buy their dream automobiles and motorbikes inside 24 hours by way of its digital platform built-in with Myinfo. The Vehicle Flooring Financing service helps auto sellers buy extra automobiles to placed on show in their showroom. Being the primary bike flooring supplier, Capitall Auto has additionally seen a robust uptick in demand for bike flooring services.

“Citystate Group Pte. Ltd. invested SGD$2.25 Million via a mix of debt and equity into Capital C’s digital auto financing arm, Capitall Auto, in November 2019. We are confident that Capital C’s unique positioning will enable it to continue to expand and grow exponentially in the coming years through good leadership, digitisation and progressive market capture,” shared Mr. Leow Tze Wen, Group CEO of Citystate Capital Asia Pte Ltd and Group Managing Director of Citystate Group Pte Ltd.

ChopNow – Buy Now Pay Later (BNPL) – Instalment Payment Option
The newest line of its monetary choices, Capital C, will likely be launching a novel purchase now pay later (BNPL) answer which differs considerably from its friends.

With a selected give attention to the financially underserved, Capital C supplies a novel proposition – to supply a chance for anybody, together with the underserved, to utilise Buy Now Pay Later (BNPL) options. Furthermore, retailers with out digital presence can leverage on the platform to market their merchandise on-line to achieve out to extra prospects. Naturally, retailers can even achieve entry to a novel goal demographic – the financially underserved group.

Capital C will likely be sharing extra data on ChopNow nearer to its official launch later this yr.

“Being the primary establishment to take a position in Capital C in 2018, we’re happy to see the Company’s progress,” shared Dr F.Okay. Foo, Co-Owner of Luminor Capital.

Looking past the horizon, Capital C can also be anticipating a forecasted compounded annual progress charge (CAGR) of 132% between 2021 and 2025. The Group has disbursed over 260,000 loans in Singapore, and has since been awarded the next accolades: Singapore Fastest Growing Company Award (income progress), and the Singapore Prestige Brand Award in recognition of its enterprise and repair to the financially underserved.

Beyond Singapore, Capital C plans to increase into the Philippines and Malaysia, the place they’re licensed to function, and subsequently into the broader ASEAN and Oceania area.

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