Capital C Corporation, a Singapore-based fintech, has secured a seven-figure investment in a pre-Series A funding round. The sum was not disclosed.
The funding was led by Phillip Private Equity and Azure Capital, with participation from several unnamed high-net-worth individuals.
Capital C plans to use the funds to expand its operations into new Southeast Asian markets and develop a superapp that will provide a range of financial services to underserved communities, including the unbanked and those with limited credit history.
The app will offer personal and business loans, “buy now, pay later” (BNPL) options, and hire purchase products, all in one platform.
The company aims to leverage its existing robust credit scoring model, developed over years of industry experience, to offer personalised credit options.
This scoring model supports their streamlined loan application process and rapid disbursement capabilities.
In addition to its expansion plans, Capital C is developing new debit and credit card solutions tailored for individuals who are new to credit or seeking alternatives to traditional options.
Capital C is headquartered in Singapore and has a presence in the Philippines through its Crawfort brand.
Jeames Cheow, CEO of Capital C said,
“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 democratise access to the financial tools and opportunities that they rightfully deserve — all while setting a bold new benchmark for inclusive finance.”
Featured image: JJohn Cheow, Chief Investment Officer of Capital C and Jeames Cheow, CEO of Capital C
