Kilde Demonstrates Rapid Growth with $1.5 Million Fundraising to Propel Private Credit Investment Platform
Kilde, a prominent private credit investment platform based in Singapore, has recently completed a Pre-Series A funding round, successfully raising $1.5 million. This financing round, which was led by Purple Ventures, is a clear indication of the investors' strong belief in Kilde's growth potential and unique offerings in the competitive landscape of private credit investments.
With this infusion of capital, Kilde aims to accelerate its operations and enhance its service offerings. Currently, Kilde manages over $127 million in assets under management (AUM), positioning it among Singapore's leading digital-first private credit platforms. This newly secured funding is intended to bolster the company's infrastructure, broaden its capabilities in capital markets, and strengthen the technology that supports its platform—laying the groundwork for rapid expansion in the near future.
Radek Jezbera, the CEO and Co-founder of Kilde, shared his enthusiasm, stating that crossing the $127 million threshold in AUM signifies that investors are prioritizing simplicity, safety, and reliable returns. He noted, "Investors have chosen Kilde for its approach and track record, ensuring that we are on a path toward our ambitious goal of $1 billion AUM within a structured plan that includes budgets and timelines."
What sets Kilde apart is its efficient operational model, characterized by a streamlined team, standardized deal structures, and proprietary technology, which collectively enable the delivery of enticing yearly returns ranging from 10.5% to 13.5%. By scaling its operations, Kilde has successfully gained access to higher-quality borrowers and larger transactions, which translate into greater benefits and stability for its investors.
The private credit market is expected to witness substantial growth in the coming years, with firms like BlackRock projecting that private credit AUM could soar to $4.5 trillion by 2030. This forecast highlights the significance and expanding role of private credit as one of the fastest-growing asset classes worldwide.
Jan Stanek, Managing Director at Purple Ventures, expressed his satisfaction with Kilde's progress since first investing in 2020. Noticing the company's exponential growth over the last two years, Purple Ventures made the strategic decision to lead this new investment round, providing crucial growth capital through their second fund. He commended Kilde's team and business model, emphasizing their commitment to building a scalable, institutional-grade platform in a market where demand for private credit is continually escalating.
Kilde specializes in senior-secured lending to consumer and small and medium enterprises (SME) lending platforms. This focus, combined with its dedicated investor relations strategy, allows Kilde to consistently attract accredited investors and family offices seeking reliable double-digit returns. Remarkably, since its inception in 2019, Kilde has maintained a 0.0% default rate, a feat that adds to its reputation as a trustworthy investment channel.
Additionally, Kilde operates with a Capital Markets Services (CMS) license (CMS101016) issued by the Monetary Authority of Singapore. This regulatory endorsement further bolsters investor confidence, positioning Kilde as a credible option for those looking to tap into lucrative private credit opportunities across Europe and Asia.
With the backing of Purple Ventures and its growing roster of investors, Kilde is poised for an exciting phase of expansion, enhancing its market presence and delivering value to its stakeholders as it continues to navigate the evolving landscape of private credit investments.