S’pore-Based SESAMi And Capital Match Merges To Launch Supply Chain Financing Solution

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.

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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.

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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.

Featured Image Credit: e27

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