Azure – Lyte Fund
The Fund provides financing to the Lyte group of companies. LytePay seeks to simplify and expedite freelance payment management by financing cash advances based on a discounted rate through instant payment (upon job completion) to freelancers globally, with a primary focus on Singapore.
LytePay entered into exclusive service agreements with the six largest property agencies in Singapore which account for 95% of the agency market (SGD1.3 billion in commissions). It also has an exclusive agreement to factor the paycheques for GushCloud (SGD100 millon in commissions), the region’s largest social network marketing agency with 12,000 influencers.