Fintechnews Singapore | Singaporean Lender Capital C Raises SGD$ 74 Million to Fuel Expansion Plans
Capital 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.
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