Singaporean fintech DCS Card Centre has secured an extra S$100 million in asset-backed notes, elevating their whole funding to S$400 million. This transfer follows the S$300 million beforehand raised in December 2023.
The funds from the extra issuance can be directed in the direction of financing DCS’s receivables from each retail and company prospects, facilitating additional enlargement. The corporate goals to deal with innovation and catering to underserved market segments.
The corporate has expanded its portfolio by partnering with main fee schemes together with MasterCard, UnionPay, and Visa, which is anticipated quickly.
These partnerships have enabled the introduction of latest bank card merchandise such because the DCS Final Platinum Playing cards and D-Lite Playing cards, with extra launches anticipated in 2024.
DBS serves because the arranger for this deal, with potentialities of participating extra fund homes or financiers sooner or later.
Karen Low
Karen Low, CEO of DCS Card Centre stated,
“Following our profitable enterprise transformation previously yr, we’ve got entered an thrilling subsequent section of development with a strong pipeline of product launches and progressive initiatives forward.
Our dedication stays steadfast in delivering worth and development for our stakeholders and the upsize underscores investor confidence in DCS.”
Featured picture credit score: Edited from Freepik
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