Private Debt Fund
Azure-Lyte Fund
The Azure-Lyte Fund provides financing to the Lyte group of companies.
Fund focused on financing cash advances through instant payment to freelancers
Solid Yields of 6% to 8%, Unparalleled Safety
Backed by Reputable Individuals and Institutional Investors
Exclusive Service Agreements with the Six 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 six largest property agencies in Singapore which account for 95% of the agency market (SGD1.3 billion in commissions).
Annual Freelancer Earnings: SGD440M
Annual Freelancer Earnings: SGD430M
Annual Freelancer Earnings: SGD175M
Annual Freelancer Earnings: SGD150M
Annual Freelancer Earnings: SGD80M
Annual Freelancer Earnings: SGD25M
There is 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
Sustainable Investing on Tapping a Secular Trend
Quarterly Cashouts (ERA)
Rapid Growth: 57% QoQ Growth over 4 Quarters with Just One Agency (ERA)
We are growing both regionally and globally. Our agreements also cover GushCloud (SGD100 millon in commissions), the region’s largest social network marketing agency with 12,000 influencers and 3,000 agents in Singapore under Samsung International.
Since 2018, we have advanced commissions to 6,000 agents and influencers worth some SGD60m (as at July 2021). Default rate still stands at 0%.
Backed by Singapore's Prominent Investors
We are growing both regionally and globally.
Higher Yields than Fixed Deposit & Money Market Funds
We target a 6-8% return which is higher than other instruments with similar risk profiles in our opinion.
*Fixed deposit rates are based on SGD20,000 for a 12 month tenor.
**Lyte returns are targeted returns.
***Average returns are based on an annual basis.
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
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Base Currency:Â SGD
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Fund Domicile:Â Singapore
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Targeted Return:Â 7% per annum
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Lockup Period:Â 1 Year
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Redemption Fee:Â Year 2 (4%), Year 3 (2%), none thereafter
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Periodicity of NAV:Â Half Yearly Calculation
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Management Company:Â Azure Capital Pte Ltd
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Legal Counsel:Â Shook Lin & Bok LLP
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Tax Advisor:Â EY Corporate Advisors Pte Ltd
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Fund Administrator:Â Ascent Fund Services Pte. Ltd.
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Auditor:Â Baker Tilly TFW LLP