Digital Loan Provider Platform Kilde Raises $1.12 Million From Venture Capitalists

Kilde, a Singapore-based digital private loan platform, secured a $1.12 million seed round investment from Big Sky Capital, Borderless Capital, AXL Ventures, Algorand Foundation, and angel investors.

Kilde stated in a statement that the seed money acquired will allow the company to accelerate its growth trajectory and further develop its proprietary technology.

Kilde intends to use the funds to improve the functionality of its platform, scale its operations, and increase its market reach.

Furthermore, the financing round enables Kilde to push the development of its newest flagship product, SafeBay.

"We are thrilled to have secured this seed round funding, which reflects our investors' confidence in our vision and business model," stated Radek Jezbera, CEO of Kilde

According to him, the firm has seen an increase in interest in private credit investments from family offices and high-net-worth individuals (HNWIs) in 2023.

"Greater liquidity from investors allows us to focus on larger deals and negotiate better terms," he added.

According to the statement, which cited Prequin, private credit has developed in lockstep with the growth of private equity over the last decade, offering a variety of strategies and entry opportunities for investors of all types, with more than $1 trillion in outstanding allocations as of April 2022.