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.
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.
Launched in August 2019
At a glance
Base Currency: SGD
Fund Domicile: Singapore
Targeted Return: Over 6% per annum
Lockup Period: 1 Year
Redemption Fee: Year 2 (4%), Year 3 (2%), none thereafter
Periodicity of NAV: Half Yearly Calculation
Management Company: Azure Capital Pte Ltd
Legal Counsel: Shook Lin & Bok LLP
Tax Advisor: EY Corporate Advisors Pte Ltd
Fund Administrator: Ascent Fund Services Pte. Ltd.
Auditor: Baker Tilly TFW LLP