Fingular, a Singapore-based global fintech holding, has successfully closed its first external debt financing round, securing a S$10 million credit line through the Kilde peer-to-peer investment platform. This financing will bolster the company’s expansion efforts in Southeast Asia, with a particular focus on Malaysia, where demand for digital financial solutions is robust.
The financing deal was structured via Kilde, a platform that connects family offices, funds, and accredited investors to private credit opportunities across Europe and Asia. Kilde specialises in senior-secured lending to consumer and SME lending platforms, offering investors double-digit returns. Fingular’s CEO, Maxim Chernushchenko, stated, “This financing strengthens our balance sheet and provides additional flexibility to execute our regional growth strategy.”
Aalto Capital, acting as the exclusive debt and financial adviser, supported Fingular throughout the transaction. Manfred Steinbeisser, Managing Partner at Aalto Capital Group, remarked, “Southeast Asia represents a compelling growth market for financial services, with strong fundamentals and long-term potential.”
In Malaysia, Fingular’s consumer financing brand, Tambadana, has already issued over US$150m in total consumer financing, processing approximately 600,000 individual cases since its launch. This demonstrates the strong demand for digital financial solutions in the region.
Fingular, founded in October 2021, aims to build a full-service neo-bank promoting financial inclusion across Asia and the Middle East. The company continues to explore additional investment opportunities and is in discussions with several interested funds.
