OSK Ventures International Berhad (OSKVI) emerged as a significant shareholder in the newly-merged entity with SESAMi Holding, the largest e-procurement platform in Singapore, and Capital Match Holdings, the leading invoice financing platform present in Singapore and Hong Kong.
SESAMi and Capital Match had recently announced their equity merger on 7 November and the merger will see a combined entity with last year’s pro forma revenues of more than S$30m (RM91m) and profitable on an EBITDA basis.
Together, the companies will bring a fully integrated supply chain financing solution to corporates and their suppliers being able to provide B2B financing in a more timely, automated and cost-efficient manner.
“This will be a unique value proposition that few companies globally, and none in Southeast Asia, offer.
“We aim to revolutionise the way the financing to B2B businesses is done and by leveraging the strengths and experiences of our combined teams, I am confident that we will be able to achieve this goal,” said SESAMi-Capital Match chief executive officer, Pawel Kuznicki.
After the successful roll out in Singapore, the combined entity plans to expand the integrated
product to other countries in Southeast Asia through greenfield development, partnerships and/or acquisitions, initially slated for 2019.
“We are excited to be part of this new chapter with SESAMi and Capital Match as they continue to revolutionise the Fintech industry by offering a fully integrated supply chain B2B financing solution to their customers.
“With this merger, they are closing the gap in the value chain and we look forward to journey with the team as they unlock the value from this synergistic partnership,” said OSKVI executive director, Patrick Yee.
“We are happy to have OSKVl partner with us at this exciting juncture of our business as their investment, together with that of our other investing partners, underline their confidence in our business and we look forward to growing our business together with them,” said SESAMi-Capital Match chairman, Ong Teck Soon.
Listed on Bursa Malaysia, OSKVI is a Malaysia-based private equity company that provides equity capital to companies ranging from revenue generating start-ups to late stage SMEs.
Since its establishment in 2000, OSKVI has successfully nurtured multiple companies to trade sales and initial public offerings.
