FinTech KILDE raised US$450,000 in a pre-seed funding round

By Leandra Monteiro

Singapore-based private debt investment platform, KILDE was licensed by the Monetary Authority of Singapore to raise debt capital for digital lending companies from institutional and accredited investors.

One of the biggest challenges for digital lenders is securing a sustainable source of debt funding. Despite the investment boom in other fields, digital lending is too opaque and non-transparent for most investors to venture into. This is where KILDE provides a solution. The company offers transparency and access to an extensive range of deal-ready private debt investments. It provides flexible funding at competitive costs, for digital lending firms.

“Digital lenders allow underbanked consumers and SMEs to get sustainable loans and build their credit history. Transforming these loans into investable assets provides a unique market opportunity. We are here to streamline this process,” said Radek Jezbera, co-founder of KILDE.

KILDE has announced that it has already opened credit facilities to 8 digital lenders with the overall credit limit of more than US$30m. It aims to further expand to include more digital lenders from the SEA, MENA, and Eastern Europe.

KILDE is backed by Purple Ventures, a European private venture capital fund that invests smart seed money into early-stage FinTech startups and is also backed by the Startupbootcamp FinTech Dubai. “We are extremely excited about KILDE, as we see the enormous potential that the undisrupted private debt market has to offer. We believe KILDE has the right team to execute and grow to become a central player between investors and lenders, and we look forward to working with them over the coming years,” said Mohamad Sabouneh, Managing Director of Startupbootcamp FinTech Dubai.

Over the last few years, Singapore has turned out to be one of the preferred locations for FinTech businesses due to the progressive regulatory regime and easy access to liquidity. According to Singapore FinTech Report 2021, FinTech investment in Singapore reached US$346 million in 2020, representing 6.2% of all that was raised in Asia.