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).
Apart from the property agencies, Lyte has exclusive service agreements with GushCloud and Samsung
LytePay has processed over a thousand transactions since for GushCloud alone.
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.
Lyte is One of the Fintechs Licensed by MAS to Provide Domestic and Cross Border Money Transfer Services
Since 2018, we have advanced over SGD200 million across 20,000 transactions while keeping default rate at 0%.
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 Prominent Investors
We are growing both regionally and globally.
Koh Boon Hwee
Altara Ventures, Chairman
Government Investment Corporation (GIC), Board of Directors, Member of GIC Investment Board
Tan Chin Hwee
Trafigura Group, CEO (Asia-Pacific)
Singapore Press Holdings, Board of Directors
Naraya Energy Finance Centre, Board of Directors
Monetary Authority of Singapore, Advisory Panel
Lim Chap Huat
Soilbuild Group, Chairman
Low See Ching Eric
Oxley Holdings, Deputy CEO and Executive Director
Goh Kay Yong David
Straits Trading Company, Board of Directors
Tecity Group, Chief Investment Officer and Chief Strategist
Carro, Founder and CEO
Loo Cheng Chuan
Amobee (Singtel Group), Vice-President
Azure Capital, CEO & Executive Director
Sumitomo Mitsui Banking Corporation Group is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan.