Culum Capital, a Singapore-based receivables and supply chain financing platform, has secured an investment from GTR Ventures which will be used to accelerate Culum’s expansion and support growth.
According to The World Trade Organisation (WTO, 2016), 80 per cent of trade is financed by credit or credit insurance. WTO estimates the value of unmet demand for trade finance in developing Asia is USD700 billon. The partnership will improve international investor access to this opportunity in Asia.
Culum Capital’s sophisticated platform provides Asian corporates with access to working capital funded by accredited investors. The platform provides an alternative form of investment with attractive return for investors from around the world. The transactions carry a short tenor of maximum 120 days, with the average transaction at 70 days. Annualised gross returns are between 10 and 25 per cent, with a strong SME diversification.
Ginnie Chin, co-founder & CEO of Culum Capital says: “We are thrilled to be partnering with GTR Ventures. With their support and links to the global trade finance ecosystem, Culum Capital will be able to offer stakeholders targeted access to wider markets. We see this as the first of many global alliances for the company.”
Kelvin Tan, Chief Investment Officer of GTR Ventures, says: “Our strategic investment into Culum Capital forms part of our vision to channel alternative debt and equity investments into the high yield SME trade lending sector in Asia. As part of our global portfolio of digital trade and supply chain lenders, Culum Capital will allow investors to access exceptional credit opportunities in Southeast Asia and China.”
