Singapore-based fintech services provider Capital C Corporation has secured a seven-figure sum in a pre-series A funding round from Phillip Private Equity, Azure Capital, and high-net-worth individuals.

The strategic raise will go towards scaling Capital C’s expansion into new Southeast Asian markets, as well as the development of a super app designed to expand access to credit facilities for individuals and small businesses, including the unbanked and underbanked, as well as those with limited credit history, Capital C said in a statement on Tuesday.

Capital C’s expansion into new markets is part of its work to improve accessibility of financial services among more underserved communities and businesses in Southeast Asia.

Cited the World Bank, it estimated 80 percent of people in Indonesia, Philippines, and Vietnam, and 30 percent in Malaysia and Thailand, remain unbanked, despite high internet penetration rates.

In Singapore, though only 2 percent of the population is unbanked, 38 percent are considered underserved, underscoring the ongoing need for inclusive financial solutions even in more developed economies, it added.

Thus, the new funding will enable Capital C to create a super app that consolidates its comprehensive financial ecosystem into a single, seamless platform.

It noted this all-in-one app will host an array of digital microfinancing services, including personal and business loans, ‘buy now, pay later’ solutions, and hire purchase
products.

By doing so, users will have access to a full suite of financial services tailored to meet both personal and business needs, reinforcing Capital C’s commitment to expanding beyond just a loan provider.

“This fresh wave of funding reflects the immense value of uplifting and empowering financially underserved communities in Southeast Asia, many of whom have fallen through the gaps left behind by traditional financing systems,

“Our mission is to democratize access to the financial tools and opportunities that they rightfully deserve — all while setting a bold new benchmark for inclusive finance,” said Jeames Cheow, Chief Executive Officer of Capital C.

Building on this momentum, Capital C said the firm is taking transformative steps to democratize access to financing for underserved communities.

It noted its existing streamlined loan application process connects customers to rapid, hassle-free disbursement and personalized credit options, all supported by our robust
credit scoring model developed over years of industry experience.

As part of its ongoing efforts, it said the firm developing new debit and credit card solutions for those new to credit or seeking alternatives to traditional options, ensuring that everyone has the tools needed to build a strong financial foundation.

As it expands its services, Capital C said the firm aims to foster a community where customers can network with us and each other, sharing insights and resources to help grow their businesses.

With these initiatives, it said the firm is excited to establish Capital C as a leader in fintech, dedicated to supporting its customers’ financial journeys and building lasting relationships in the process.

“We chose to support Capital C Corporation due to their innovative approach to expanding financial access,

“We appreciate their focus on reaching underserved communities and look forward to seeing their impact in advancing financial inclusivity,” said Sng, Chief Investment Officer at Phillip Private Equity.

Capital C, through the Crawfort brand, has established a market presence in the Philippines.

With plans for regional expansion and additional projects, the firm aims to position fintech solutions as a cornerstone for sustainable growth among businesses.

It hopes to leverage these platforms to bridge the financial inclusion gap for underserved communities throughout the region.

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