Exclusive Service Agreements with Five Largest Property Agencies in Singapore
With aims to simplify and expedite freelance payment management by financing cash advances to freelancers, LytePay started with entering into exclusive service agreements with the five largest property agencies in Singapore which account for over 90% of the agency market (SGD 2billion in commissions).
A Growing but Under-served Market for Cash Advance Services for Freelancers, Solopreneurs and Small Business Owners
Singapore presents a vast opportunity from the way we see it. The total addressable market in Singapore alone is more than SGD4.5bn and we are ready to capitalise.
Performance Chart
We target a return of over 6% which is higher than other instruments with similar risk profiles in our opinion.
Azure-Lyte Fund Pte. Ltd. - Lead Series (Sep 2019)
Dividends are distributed annually
Backed by Singapore's Prominent Investors
We are growing both regionally and globally.
Lyte Founders
Dennis Goh
Co-Founder / Executive Chairman
Former:
- Partner, Wavemaker Partners VC
- Director, International Digital Media Operations, Singtel
- Co-Founder/CEO, HungryGoWhere
- Deputy Director, Prime Minister’s Office (PMO)
- Head (Strategic Planning), PMO
Investment Deck
Launched in August 2019
At a glance
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Base Currency: SGD
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Fund Domicile: Singapore
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Targeted Return: Over 6% per annum
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Lockup Period: 1 Year
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Redemption Fee: Year 2 (4%), Year 3 (2%), none thereafter
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Periodicity of NAV: Half Yearly Calculation
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Management Company: Azure Capital Pte Ltd
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Legal Counsel: Shook Lin & Bok LLP
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Tax Advisor: EY Corporate Advisors Pte Ltd
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Fund Administrator: Ascent Fund Services Pte. Ltd.
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Auditor: Baker Tilly TFW LLP