(L-R) Capital C’s Chief Investment Officer J John Cheow and CEO Jeames Cheow
Singapore-based Capital C Corporation, which provides financial services to the underserved across Southeast Asia, has secured an undisclosed amount in a pre-series A funding round from Phillip Private Equity, Azure Capital, and high-net-worth individuals.
The strategic raise will help Capital C expand into new Southeast Asian markets and develop a super app.
Also Read: How digital banking is driving financial inclusion in SEA
Capital C provides personal payday loans, business loans, partnerships, and acquisitions advisory through digital micro-financing and strategic planning. Its streamlined loan application process connects customers to rapid, hassle-free disbursement and personalised credit options.
It is now developing new debit and credit card solutions for those new to credit or seeking alternatives to traditional options.
The fintech firm is also working on a super app to expand access to credit facilities for individuals and small businesses, including the unbanked, underbanked, and those with limited credit histories. It will also host digital microfinancing services, including personal and business loans, ‘buy now, pay later’ solutions, and hire products.
By doing so, users will have access to a full suite of financial services tailored to meet personal and business needs, reinforcing Capital C’s commitment to expanding beyond just a loan provider.
Also Read: Bridging the financial inclusion gap in Asia: The role of fintech
The World Bank estimates that 80 per cent of people in Indonesia, the Philippines, and Vietnam, and 30 per cent in Malaysia and Thailand, remain unbanked despite high internet penetration rates. In Singapore, though only 2 per cent of the population is unbanked, 38 per cent are considered underserved, underscoring the ongoing need for inclusive financial solutions even in more developed economies.
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