Singaporean Lender Capital C Raises SGD$ 74 Million to Fuel Expansion Plans
by Fintech News Singapore June 8, 2022Capital C Corporation, a Singapore-based financial services provider, announced that it has raised SG$74 million in a recent fundraise.
The round was joined by PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, various family offices and angel investors.
Capital C said that the funds will serve to fuel their lending capabilities and expand their digital financial platform offerings to provide a seamless experience and also competitive credit rates to the underserved communities in Singapore.
The latest line of its financial offerings, Capital C will be launching it buy now pay later (BNPL) solution ChopNow later this year.
Beyond Singapore, Capital C plans to expand into the Philippines and Malaysia, where it is licensed to operate, and subsequently into the wider ASEAN and Oceania region.
Founded in 2011, Capital C is a conglomerate that offers an ecosystem of curated financial services to change the conventional financing landscape – using its innovative loan origination methods, with a keen focus on the financially underserved.
Jeames Cheow
“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,”
said Jeames Cheow, Co-Founder of Capital C.
