Singapore-based companies, SESAMi and Capital Match have merged, coming up with a new product. They have also received fresh funds from shareholders.

Victoria Sek  |  Singapore
Published 2018-11-08 11:26:26

SESAMi (Holding) (SESAMi) and Capital Match Holdings (Capital Match) announced today (8 November) their equity merger.

According to the statement, the companies will have a combined entity with pro forma revenues of more than S$20 million and profitable on an EBITDA basis.

SESAMi is described as the largest e-procurement platform in Singapore, and Capital Match is a peer-to-peer (P2P) lending and invoice financing company in Singapore and Hong Kong.

The statement added that this move “will bring a fully integrated supply chain financing solution to corporates and their suppliers”, providing B2B financing in a more time- and cost-efficient manner.

After the initial launch in Singapore, the companies plan to introduce this integrated product to other countries in Southeast Asia through greenfield development, partnerships, and/or acquisitions.

This transaction has attracted a new injection of funds from new and existing shareholders.

Without disclosing any amount, the statement shared that Dymon Asia Ventures has increased their stake, while OSK Ventures International Berhad became a new significant shareholder.

Founded in 1999, SESAMi has since processed around S$6 billion of e-purchase orders and S$2 billion of e-invoices annually on its platform.

Since its inception in 2014, Capital Match has facilitated over S$100 million in financing from investors to SMEs in Singapore and Hong Kong, and has also raised more than S$5 million from VCs including Facebook’s co-founder Eduardo Saverin’s B Capital Group.

Featured Image Credit: e27

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