KILDE, a Singaporean private debt investment platform, has raised $450,000 led by Purple Ventures in pre-seed funding round, supported by Startupbootcamp Dubai.
KILDE has recently been licensed by the Monetary Authority of Singapore to debt capital for digital lending companies from institutional and accredited investors.
Securing a sustainable source of debt funding is a number one challenge for digital lenders. Despite the investment boom in alternatives, digital lending is too opaque and non-transparent for most investors. KILDE offers access to an extensive range of deal-ready private debt investments. For digital lending firms, it provides flexible funding at competitive costs.
“Digital lenders allow underbanked consumers and SMEs to get sustainable loans and build their credit history. Transforming these loans into investable assets provides a unique market opportunity. We are here to streamline this process,” said Radek Jezbera, co-founder of KILDE.
KILDE has already opened credit facilities to 8 digital lenders with the overall credit limit of more than $30m. It will further expand to include more digital lenders from the SEA, MENA, and Eastern Europe.
“We are extremely excited about KILDE, as we see the enormous potential that the undisrupted private debt market has to offer. We believe KILDE has the right team to execute and grow to become a central player between investors and lenders, and we look forward to working with them over the coming years,” said Mohamad Sabouneh, Managing Director of Startupbootcamp Fintech Dubai.
Singapore with its progressive regulatory regime and easy access to liquidity is the preferred headquarters to many Fintech businesses. Fintech investment in Singapore reached $346 million in 2020, representing 6.2% of all that was raised in Asia according to Singapore Fintech Report 2021. Dubai, on the other hand, is the leading financial hub in the MENA and South Asia, with DIFC being the largest fintech hub in the MENA region. Exposure to both markets creates outstanding opportunities for KILDE and its clients.