Singapore’s KILDE collects pre-seed funding

KILDE, an investment platform based in Singapore, has closed its pre-seed funding round on $350,000, after a stellar ten-times growth rate in the last quarter.

This bridge round was supported by numerous angel investors, including Murat Abdrakhmanov, Adil Nurgozhin, and Olzhas Zhiyenkulov.

Proceeds from the round will help KILDE become a ‘supermarket’ for alternative investments in Southeast Asia and beyond. To aid this goal, KILDE will release new investment products which help consumers access high yields on digital assets without being exposed to the volatility of digital currencies.

KILDE, which is regulated by the Monetary Authority of Singapore, is a tech-enabled investment platform that empowers people to high-yield alternative investments. Its website claims investments go to consumer and lending firms, which use the money to offer sustainable loans to underbanked consumers and SMEs.

Its clients include credit funds, family offices and high net worth individuals.

Olzhas Zhiyenkulov, founder of Tesla Capital and CEO of Paladigm Capital, said, “Financial inclusion is one of the key investment themes for my venture portfolio and platforms like KILDE will play an increasing role in promoting it by creating liquidity in the alternative assets space.

“With its current focus on private debt for lending companies and buy now pay later (BNPL) players, KILDE provides fund managers like me with an appealing option for short duration debt investment, the market for which has become increasingly difficult to navigate throughout the pandemic. I am excited to be on board.”

The company has raised a total of $830,000 since it was founded.

Singapore is a popular location for FinTech companies. Late last year, Pace became the fastest growing buy now, pay later solution in the country after it closed its Series A round on $40m.

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