SESAMi (Holding) (SESAMi) and Capital Match Holdings (Capital Match) announced today (8 November) their equity merger.
According to the statement, the companies will have a combined entity with pro forma revenues of more than S$20 million and profitable on an EBITDA basis.
SESAMi is described as the largest e-procurement platform in Singapore, and Capital Match is a peer-to-peer (P2P) lending and invoice financing company in Singapore and Hong Kong.
The statement added that this move “will bring a fully integrated supply chain financing solution to corporates and their suppliers”, providing B2B financing in a more time- and cost-efficient manner.
After the initial launch in Singapore, the companies plan to introduce this integrated product to other countries in Southeast Asia through greenfield development, partnerships, and/or acquisitions.
This transaction has attracted a new injection of funds from new and existing shareholders.
Without disclosing any amount, the statement shared that Dymon Asia Ventures has increased their stake, while OSK Ventures International Berhad became a new significant shareholder.
Founded in 1999, SESAMi has since processed around S$6 billion of e-purchase orders and S$2 billion of e-invoices annually on its platform.
Since its inception in 2014, Capital Match has facilitated over S$100 million in financing from investors to SMEs in Singapore and Hong Kong, and has also raised more than S$5 million from VCs including Facebook’s co-founder Eduardo Saverin’s B Capital Group.
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