DBS and Temasek to launch debt financing platform

Friday 30 July 2021 10:54 CET | News

Singapore-based bank DBS and Temasek have entered into an agreement to jointly launch a USD 500 million growth stage debt financing platform.

EvolutionX Debt Capital will provide non-dilutive financing to growth stage tech companies across Asia, with a focus on China, India, and South-east Asia. The platform will look particularly at investment opportunities in a digital economy, spanning a range of sectors, including financial services, consumer, healthcare, education, and industrial development.

Apart from helping founder entrepreneurs avoid dilution of share equity in the company's initial stages of development, growth debt is also a tool to tide these often cash-strapped companies through unexpected market and economic headwinds.

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Keywords: product launch, partnership, digitalisation
Categories: Banking & Fintech | Payments General
Countries: Singapore
This article is part of category

Banking & Fintech