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KILDE, a Singaporean private debt investment platform, has raised US$450,000 led by Purple Ventures in pre-seed funding round, supported by Startupbootcamp Dubai.

SINGAPORE, Feb. 23, 2021 /PRNewswire/ --A KILDEA was licensed by the Monetary Authority of SingaporeA lately to raise debt capital for digital lending companies from institutional and accredited investors. Securing a sustainable source of debt funding is a number one challenge for digital lenders. Despite the investment boom in alternatives, digital lending is too opaque and non-transparent for most investors. KILDE lifts the opaque veil offering access to an extensive range of deal-ready private debt investments. For digital lending firms, it provides flexible funding at competitive costs. "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 already opened credit facilities to 8 digital lenders with the overall credit limit of more than US$30m. It will further expand to include more digital lenders from the SEA, MENA, and Eastern Europe. Purple VenturesA is a European private venture capital fund investing smart seed money into early-stage fintech startups with a proven business model expanding their business globally.
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