Singapore-based fintech company Capital C Corporation has secured a seven-figure investment in a pre-Series A funding round. The total amount was not disclosed.
The financing was led by Phillip Private Equity and Azure Capital, with participation from several anonymous high-net-worth individuals.
Capital C will use the funding to expand into new markets in Southeast Asia and bring a range of financial services to underserved communities, including the unbanked and those with limited credit history. We plan to develop a super app to provide this service.
The app offers personal and business loans, “buy now, pay later” (BNPL) options, and rental purchase products, all on one platform.
The company aims to provide personalized credit options by leveraging existing robust credit scoring models developed over years of industry experience.
This scoring model supports a streamlined loan application process and faster disbursement capabilities.
In addition to its expansion plans, Capital C is developing new debit and credit card solutions tailored to those who are new to credit or looking for an alternative to traditional options.
Capital C is headquartered in Singapore and has a presence in the Philippines through the Crawfort brand.
James Cheow, CEO of Capital C, said:
“This new wave of funding reflects the immense value of uplifting and empowering economically underserved communities in Southeast Asia, many of whom are left behind by traditional financial systems. I’m falling down a hole.
Our mission is to democratize access to the financial tools and opportunities we deserve, while setting bold new benchmarks for inclusive finance. ”
Featured image: JJohn Cheow, Chief Investment Officer of Capital C and James Cheow, CEO of Capital C
