Asian Banking & Finance | SG-based Capital C Corporation Bags $74m in Fresh Funds
Singapore-based financial services provider Capital C Corporation has recently raised $74m in fresh funds in a recently completed pre-seed equity and debt funding rounds.
Key investors in the round were PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, and some unnamed family offices and Ultra-High Networth Individuals.
The firm said the fresh injection of funds will serve to fuel its lending capabilities and expand its digital financial platform offerings to provide a seamless experience and also competitive credit rates to the underserved communities in Singapore.
Founded by two brothers, Jeames Cheow and JJohn Cheow in 2011, Capital C is a conglomerate that offers an ecosystem of curated financial services using its loan origination methods.
“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.
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