Pera247 Lending Company
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Pera247 Lending Company - overview
Established
2016
Location
Singapore, -, Singapore
Primary Industry
Financial Services
About
Pera247 Lending Company, operating under asiakredit. com, offers innovative financial services designed to enhance credit access for individuals and businesses. Founded in 2016, Pera247 Lending Company is based in Singapore and specializes in providing credit solutions. The company has engaged in five deals, with the most recent occurring on May 4, 2020, when it was acquired by Woodpecker Asia Tech Pte.
Ltd. from Aegon Asset Management and Walvis Participaties. The company’s latest funding round was a Seed round that raised USD 0. 80 mn from investors including Fintonia Group and Reliance Modal Ventura, bringing the total amount raised to USD 0.
80 mn and the current valuation to USD 2. 817 mn. Pera247 Lending Company focuses on delivering a variety of financial products that include personal loans, business financing, and credit cards. These offerings are tailored to address financial needs for both individuals and businesses, enabling quick access to funds for personal expenses or business growth.
The company caters to diverse clients ranging from individual consumers to small and medium-sized enterprises, particularly in markets across North America, Europe, and select regions in Asia, emphasizing customer-centric financial solutions. For the year 2022, Pera247 Lending Company reported a revenue of USD 0 mn and an EBITDA of USD -5,163,771. 3 for the most recent year, which is 2023. Pera247 Lending Company is strategically planning to expand its product offerings and enter new markets.
The company aims to introduce new financial products tailored to meet the evolving needs of customers. Specific details about upcoming products and their release dates have not been disclosed. Furthermore, the company is targeting expansion into additional markets, with plans to increase its geographical footprint by the end of the year. The funds raised during the recent Seed round will be utilized to support these strategic initiatives.
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Accounting/Finance Software
Website
www.asiakredit.com
Verticals
FinTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Pera247 Lending Company - timeline of key events
Pera247 Lending Company - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,650 | 420,558 | 980,004 | 63,538 | - | - | - | - |
| % Revenue Growth (YoY) | - | 15770.1% | 133.0% | (93.5%) | (100.0%) | - | - | - |
| EBITDA (USD) | (249,292) | (1,268,536) | (4,933,066) | (1,246,361) | 2,363,896 | - | - | - |
| Operating Income (USD) | (249,292) | (1,278,101) | (4,949,054) | (1,246,361) | 2,363,896 | - | - | - |
| Operating Margin | (9407.2%) | (303.9%) | (505.0%) | (1961.6%) | - | - | - | - |
| % EBITDA Margin | (9407.2%) | (301.6%) | (503.4%) | (1961.6%) | - | - | - | - |
| NET Income (USD) | (254,764) | (1,219,131) | (4,851,058) | (1,306,452) | 2,285,038 | - | - | - |
| % Net Margin | (9613.7%) | (289.9%) | (495.0%) | (2056.2%) | - | - | - | - |
Pera247 Lending Company - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.