Digital private debt platform Kilde raises 1,115M$ on seed round. Kilde provides accredited and institutional investors with access to meticulously evaluated private credit deals, offering the potential for annual returns of up to 13.5%.
digital private debt platform Kilde raises 1,115,000 uSD seed round
Kilde, a Singapore-based digital platform for private debt, has announced today that it received a seed round investment of USD 1,115,000 from Big Sky Capital, Borderless Capital, AXL Ventures, Algorand Foundation, and angel investors. Kilde offers accredited and institutional investors carefully evaluated opportunities for private credit, with the potential for annual returns of up to 13.5%.
So far, Kilde investors have achieved a yearly return of 11.9% and have experienced no historic defaults. Investors can enjoy monthly coupons and the flexibility of penalty-free early redemption every three months, providing a range of advantageous options.
The recently secured seed funding will allow Kilde to accelerate its growth and further develop its proprietary technology. With this injection of capital, Kilde plans to enhance its platform’s features, expand its operations, and increase its market presence.
Additionally, the investment round empowers Kilde to lead the development of its latest flagship project, SafeBay.
We are thrilled to have secured this seed round funding, which reflects the confidence of our investors in our vision and business model. To date, we have witnessed a surge in interest in private credit investments in 2023 from the family offices and HNWIs. Greater liquidity from investors allows us to focus on larger deals and negotiate better terms.
Radek Jezbera, CEO of Kilde
According to Prequin, private credit has grown in step with the expansion of private equity over the past decade. It offers a range of strategies and access points for investors of all types, with more than US$1 trillion in outstanding allocations as of April 2022.
The past three quarters have proven to be the most conservative for investors. Robust solutions like Kilde provide diverse investment opportunities regardless of market conditions. We see tremendous opportunity in technology-enabled solutions with a focus on long-term plays. Furthermore, Kilde’s executive team’s ability to execute on defined strategy is second to none.
Jahn Karsybaev, Managing Partner at Big Sky Capital
Simultaneously, Kilde has unveiled plans for the creation of a novel treasury management system named SafeBay. Leveraging blockchain technology, this system is specifically developed to assist blockchain-native enterprises in effectively managing their short-term financial assets.
Through SafeBay, Kilde aims to offer a comprehensive suite of credit products that adhere to industry regulations and can operate seamlessly on the blockchain.
In collaboration with the Algorand Foundation, SafeBay will establish a regulatory-compliant infrastructure that bridges the gap between off-chain and on-chain fixed-income capital markets. This approach lays a strong foundation for a secure and compliant financial ecosystem. The public launch of SafeBay is scheduled for the third quarter of 2023.
Real-world-asset tokenisation presents a compelling application in the form of collateralisation. This function, which has proven successful in traditional finance’s credit markets over decades, holds great potential when transferred onto the blockchain. By doing so, we can facilitate the development of a DeFi yield curve alongside the digital assets community. This advancement will create investment and arbitrage opportunities that can ultimately drive widespread adoption of Institutional DeFi.
Bjorn Holta, Director at SafeBay
About Kilde
Kilde simplifies the process of accessing private credit deals for investors while offering them enhanced security through cash-generating collateral. Designed for both individuals and institutions, Kilde serves as an investment platform. Investors have the opportunity to invest in bonds issued by Kilde’s borrowers, gaining access to a well-diversified portfolio comprising lending companies focused on consumer and SME sectors.
The bonds are further fortified by cash-generating collateral derived from the receivables of the underlying loans. Kilde is authorized by the Monetary Authority of Singapore and holds a license to engage in capital markets products. Additionally, it is registered as an Exempted Financial Adviser under the Securities and Futures Act, ensuring compliance with regulatory standards.
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