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SINGAPORE, Nov. 7, 2016 /PRNewswire/ -- Capital Springboard (S) Pte Ltd, a peer-to-peer invoice financing platform for accredited investors, has transacted over SGD$110 million on its platform since its' pilot testing phase[1]. Launched in June this year, Capital Springboard has garnered strong interest amongst accredited investors and local small and medium-sized enterprises (SMEs). Capital Springboard announced today the introduction of the Pentad Capital Springboard Class[2] for accredited investors in Singapore, through its partnership with Centurion Portfolio Managers. The fund provides exposure to Capital Springboard's platform via a Cayman Administered fund structure.
"The feedback we have been receiving from investors and SMEs have been extremely encouraging. Investors are continually searching for yield and we've provided them a platform that not only provides quality investment but one that diversifies risk across their investment portfolio. Investors on the platform can manage their investment portfolio and risk allocation using our autoinvest technology or manually. Accredited and institutional investors on our platform are making returns of over 20% per annum. Presently, we see an increase in transaction volume of 8 - 10% monthly and I expect this to continue growing by over 150% in the next twelve months. We are committed to delivering a good investment portfolio for our investors and delivering good quality service to qualified SMEs.
Given the growing interest for alternative finance in Singapore, we have partnered with Centurion Portfolio Managers to introduce the Pentad Capital Springboard Class for accredited investors. The new fund is open for subscription and is well-suited for investors looking for managed receivables allocation with high returns to include in their existing portfolios. Capital Springboard is the sole asset within the class, allowing us to provide investors with up-to-the-minute performance snapshots. This is in line with our track record of providing our investors with consistent returns," said Roger Crook, CEO, Capital Springboard.
In recognition of the success of the platform, Capital Springboard was awarded for "SME Excellence" during the 17th Annual Business Awards by the British Chamber of Commerce and has expanded its' team in Singapore to cater to the expanding business and client requirements.
Investors on Capital Springboard's platform include Singaporeans and expatriate high-net-worth-individuals (HNWIs) primarily from Independent Financial Advisors (IFAs) and family offices. Capital Springboard has financed over 1,550 invoices to date from SMEs. These SMEs are from local primary sector industries such as engineering, consumer discretionary, information technology and industrials.
Capital Springboard facilitates trade for SMEs by granting them access to working capital provided by investors. SMEs would have to be Singapore registered and in operation for at least a year, with a minimum turnover of SGD$100,000 per annum. Up to 70% of SME applications are accepted in line of a firm commitment to maintaining the quality of investments. Investors benefit from annualised returns of 11- 25% depending on the grade of risk of the invoice, during a 90 day investment window. Invoice sizes range from a few thousand dollars to few hundred thousand dollars.
In addition to stringent credit screening and debtor rating procedures, the technology being used to disperse risk, known as the automatic investment process mechanism, involves the fractionalization of invoices through algorithms across investors. This leads to proportional investments made across multiple invoices. To maintain the quality of investment, such methodologies effectively minimise the risk involved. Accredited Investors can open a Capital Springboard trading account held by escrow agent, Vistra Trust (Singapore) Pte. Limited, with a minimum investment of SGD$50,000 and withdraw their undeployed funds at any time. Vistra Trust is regulated by the Monetary Authority of Singapore (MAS).
Capital Springboard is backed by Centurion Portfolio Managers, a London based FCA regulated investment advisor. For more information on Capital Springboard, please visit www.capitalspringboard.com.
| [1] Pilot testing for the platform started in June 2015. Capital Springboard was launched in Singapore in June 2016. As of 7th November 2016, over SGD$110 million has been transacted on the platform. |
| [2] The Pentad Capital Springboard Class is available to accredited investors through the Capital Springboard platform, iFAST and Centurion Portfolio Managers. Minimum subscription to the fund is SGD$10,000. |
Media Contacts
Cognito
Prisita Menon
Tel: +65 6221 7310
Email: Prisita.menon@cognitomedia.com
Cognito
Sharan Nanwani
Tel: +65 6221 7310
Email: Sharan.nanwani@cognitomedia.com
About Capital Springboard
Capital Springboard (S) Pte Ltd was founded in July 2015 and is a Singapore registered company. It is an online marketplace using state of the art technology to allow investors to purchase short term invoices in Singapore. These invoices are from local businesses who sell the invoice at a discount to their face value. Investors realise a return when the invoice is paid by the debtor. Capital Springboard's founding team has rich experience in the financial services arena, and all participate actively in investments on the platform. As of 7th November 2016, over S$110million was transacted on Capital Springboard. For more information on Capital Springboard visit: www.capitalspringboard.com
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