- Singapore fintech secures major funding to expand financial inclusion efforts
- Company targets massive unbanked population across Southeast Asian markets
- Platform consolidates lending services into comprehensive financial super app
Strategic Expansion Push
Singapore-based fintech Capital C Corporation raises seven-figure investment from Phillip Private Equity, Azure Capital, and high-net-worth investors.
The funding targets expansion across Southeast Asia through development of a comprehensive financial super app targeting unbanked populations.
Addressing Regional Need
The company tackles significant market opportunity, noting World Bank data showing 80% unbanked populations in Indonesia, Philippines, and Vietnam, plus 30% in Malaysia and Thailand.
Even in developed Singapore, 38% remain underserved despite high banking penetration, highlighting persistent financial inclusion challenges.
Super App Development
Capital C plans to consolidate its financial ecosystem into an all-in-one platform offering microfinancing services, personal loans, business credit, and BNPL solutions.
Building on its Philippines presence through Crawfort brand, the company aims to revolutionize regional access to credit facilities through innovative digital solutions.
