P2P financing platform from Capital Springboard launched in S’pore

Capital Springboard has launched a peer-to-peer financing platform for accredited investors seeking high returns on short-term invoices.

Investors can purportedly benefit from annualised returns of 11-25% depending on the grade of risk of the invoice, during a 90 day investment window, with higher returns promised for higher grade risks. The Singapore pilot for the platform that started in July 2015 has already seen S$80million worth of invoices being traded, according to Capital Springboard. 

Accredited Investors can open a Capital Springboard trading account held by escrow agent, Vistra Trust (Singapore) Pte. Limited, with a minimum investment of S$50,000 and withdraw their undeployed funds at any time. Vistra Trust is regulated by the Monetary Authority of Singapore (MAS).

“We are thrilled to be launching officially in Singapore. Singapore is a global financial hub and a market with a sizable SME sector that requires access to capital. Our Singapore pilot proved very encouraging with over 1,300 invoices worth $80 million funded and we look forward to keeping the momentum,” said Roger Crook, CEO of Capital Springboard says,. “The platform is supported by a strong team with expertise in finance and business. We will provide accredited investors the opportunity to invest in an exciting new asset class, and to earn an attractive return when the invoice is paid. We also look forward to providing accessible capital for SMEs in Singapore to fund their growth. Importantly all investors and SMEs have to undergo a rigorous on-boarding and screening process before qualifying to participate with us.”

Capital Springboard’s platform will innovate the way small-to-medium enterprises (SMEs) fund their growth through accessible capital upon three days of the invoice being successfully submitted. SMEs will only incur a one-off origination fee of 2% of the amount advanced to them. SMEs with an invoice minimum of $25,000, registered in Singapore and in business for at least a year, will be allowed to participate in the peer-to-peer investing platform. SMEs are vetted by Capital Springboard’s experts for credit worthiness and financial strength in order to minimise risks imposed on investors.

Capital Springboard is backed by London-based FCA regulated investment advisor Centurion Portfolio Managers.