Kilde, a Singapore-based private credit investment platform, has secured $1.5m in a pre-Series A funding round led by Purple Ventures, with participation from its existing investors.
The platform, which is licensed and focused on connecting investors to private credit opportunities, recently crossed $127m in assets under management (AUM).
Kilde enables investors, including family offices, funds and accredited individuals, to access senior-secured lending opportunities across Europe and Asia. Operating with a lean team, standardised deal structures and proprietary technology, it offers investors annual returns ranging between 10.5% and 13.5%, it claims. The company says its scale now allows it to attract higher-quality borrowers and larger transactions, providing added stability for investors.
The new capital will be used to expand its team, strengthen capital markets capabilities, enhance technology infrastructure and prepare for larger-scale growth.
Kilde CEO and co-founder Radek Jezbera said, “We’ve officially crossed USD 127 million in AUM on our platform. That means investors choose simplicity, safety, and stable returns. They chose Kilde. We are one of the fastest-growing wealth platforms in Singapore. USD 1 billion AUM is no longer a dream but a plan with budgets and milestones.”
Purple Ventures managing director Jan Stanek said, “We are delighted to be a part of Kilde as early equity investors starting in 2020. As we saw the platform’s exponential growth over the past two years, we gained full confidence in Kilde’s team and business model. Thus, we decided to lead a new investment round and provide growth capital with our second fund.”
Founded in 2019, Kilde has maintained a 0.0% default rate since inception.
Source: https://fintech.global/
