Investment platform for private credit expands with $1.5m funding from Kilde
Singapore-based private credit investment platform, Kilde, has announced that it has secured US$1.5 million in a pre-Series A financing round. The funding will be used to invest in Kilde's team, technology infrastructure, and expand capital markets capabilities.
The round was led by Purple Ventures, with participation from existing investors. Jan Stanek, managing director at Purple Ventures, expressed delight at being early equity investors in Kilde since 2020. He stated, "We are excited to continue our support for Kilde as they build a scalable, institutional-grade platform for the private credit market."
Kilde connects family offices, funds, and accredited investors to private credit opportunities across Europe and Asia. The platform specialises in senior-secured lending to consumer and SME lending platforms. Radek Jezbera, co-founder and chief executive of Kilde, stated that the platform is targeting $1bn in assets under management (AUM).
Meanwhile, the private credit market is predicted to grow by up to $300bn by 2030, with BlackRock projecting private credit AUM could reach $4.5tn by the same year. These projections underscore the potential for Kilde's growth in the coming years.
Elsewhere, it was announced that Arch secured $52m in a Series B funding round, not related to Kilde. The timeframe and source of this funding round for Arch are not specified.
In 2020, Purple Ventures participated as an early investor in Kilde's private credit platform in Singapore. They led a new investment round for Kilde, providing growth capital with their second fund.
As Kilde grows its business, its AUM has exceeded $127m. The institution's focus on senior-secured lending to consumer and SME lending platforms positions it well for potential growth in the private credit market.
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