Capital Springboard, a peer-to-peer invoice financing platform, has launched the Pentad Capital Springboard Class for accredited investors in Singapore, through its partnership with Centurion Portfolio Managers.
The fund provides exposure to Capital Springboard’s platform, which has transacted over SGD110 million on its platform since its pilot testing phase, via a Cayman administered fund structure.
“The feedback we have been receiving from investors and SMEs have been extremely encouraging. Investors are continually searching for yield and we’ve provided them a platform that not only provides quality investment but one that diversifies risk across their investment portfolio,” says Roger Crook, CEO of Capital Springboard.
“Investors on the platform can manage their investment portfolio and risk allocation using our auto-invest technology or manually. Accredited and institutional investors on our platform are making returns of over 20 per cent per annum. Presently, we see an increase in transaction volume of 8-10 per cent monthly and I expect this to continue growing by over 150 per cent in the next 12 months. We are committed to delivering a good investment portfolio for our investors and delivering good quality service to qualified SMEs.”
Capital Springboard is the sole asset within the class.
Investors on Capital Springboard’s platform include Singaporeans and expatriate high-net-worth-individuals primarily from IFAs and family offices.
Capital Springboard has financed over 1,550 invoices to date from SMEs. These SMEs are from local primary sector industries such as engineering, consumer discretionary, information technology and industrials.
Capital Springboard facilitates trade for SMEs by granting them access to working capital provided by investors. SMEs would have to be Singapore registered and in operation for at least a year, with a minimum turnover of SGD100,000 per annum. Up to 70 per cent of SME applications are accepted in line of a firm commitment to maintaining the quality of investments. Investors benefit from annualised returns of 11- 25 per cent depending on the grade of risk of the invoice, during a 90 day investment window. Invoice sizes range from a few thousand dollars to few hundred thousand dollars.
Accredited Investors can open a Capital Springboard trading account held by escrow agent, Vistra Trust (Singapore), with a minimum investment of SGD50,000 and withdraw their undeployed funds at any time.
Vistra Trust is regulated by the Monetary Authority of Singapore (MAS).
Capital Springboard is backed by Centurion Portfolio Managers, a London based FCA regulated investment adviser.
