Capital Match Successfully Funds a Loan Request Within 24 Hours

Capital Match, a peer-to-peer (P2P) lending platform based in Singapore, has recently funded a S$150,000 loan request within a record time of 24 hours after having listed it on its online P2P platform. The loan request is one of the five loans that Capital Match has successfully funded since the platform officially launched a few months ago. The company is on its way to becoming the leading P2P platform in the region with total processed loans amounting to S$650,000. The company is working towards processing one new loan request per week.

 Top 100 Start-Up in Asia

Capital Match has also been selected as one of the top 100 start-ups in e27 Asia Echelon Summit and will be featured at the summit on June 23 and 24 at the Singapore Expo. The Asia Echelon Summit is a prestigious start-up convention that features only most promising start-ups in the region. Qualifer rounds for the event were held in 14 different countries in Asia and only the top 100 were specially invited to be featured during the event.

 More about Capital Match

Capital Match’s business model is similar to that of popular P2P lending platforms such as US-based LendingClub and Prosper, UK’s Zopa and Funding Circle. Capital Match provides each investor with an online account where they can view available loan listings, make investments and monitor their loan book.

The company’s objectives are two-fold: Provide businesses with the next best interest rates after banks, and to give investors access to attractive returns for their spare capital with a low investment entry amount (S$1,000 per loan). A typical loan sizes range from S$50,000 to S$200,000, with tenures of 3-12 months, and interest rate of 1.5% – 2.5% per month.