Kilde, Singaporean digital private debt platform, raises seed round
Kilde, a digital private debt platform based in Singapore, has raised a USD 1,115,000 seed round investment from Big Sky Capital, Borderless Capital, AXL ventures, Algorand Foundation, and angel investors. Kilde is part of the extended Tokyo FinTech community, with Co-Founder & Chief Executive Officer Radek Jezbera discussing the business about a year ago.
Kilde provides accredited and institutional investors with access to meticulously evaluated private credit deals, offering the potential for annual returns of up to 13.5%. To date, Kilde investors have realized a yearly return of 11.9%, with a track record of 0.0% historic defaults. Investors can also take advantage of monthly coupons and have the flexibility of penalty-free early redemption every three months, ensuring a range of beneficial options.
“We are thrilled to have secured this seed round funding, which reflects the confidence of our investors in our vision and business model. To date, we have witnessed a surge in interest in private credit investments in 2023 from the family offices and HNWIs. Greater liquidity from investors allows us to focus on larger deals and negotiate better terms.” Radek Jezbera, CEO
The recently secured seed funding will enable Kilde to accelerate its growth trajectory and further develop its proprietary technology. With this capital injection, Kilde aims to enhance its platform’s features, scale its operations, and expand its market reach. In addition, the investment round also empowers Kilde to drive the development of Kilde’s newest flagship project SafeBay.
SafeBay is a new treasury management system built on blockchain technology, and designed to help blockchain-native companies manage their short-term financial assets. With SafeBay, Kilde aims to provide a full range of credit products compliant with industry regulations and can operate on the blockchain.
In partnership with the Algorand Foundation, SafeBay will establish a regulatory-compliant infrastructure that bridges off and on-chain fixed-income capital markets. This approach lays the groundwork for a secure and compliant financial ecosystem. Safebay is planned to launch to the public in Q3 of 2023.
This article is part of our Tokyo FinTech Publication, please follow us to read more from our writers, like hundreds of readers do every day. Please also register for our short weekly digest, the “Japan FinTech Observer”, on Medium or on LinkedIn.
Should you live in Tokyo, or just pass through, please also join our Tokyo FinTech Meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.
