Every business needs working capital in order to sustain their operations and some business apply for loans to finance this need. However, it is estimated that around 85% of all small and medium-sized enterprise (SME) loan applications are rejected by traditional financing facilities such as banks in Singapore. Essentially, many SMEs are unable to get the funding they need. And thus, Capital Match was created. Capital Match is a peer-to-peer (P2P) lending platform that aims to bridge this gap by introducing P2P lending as an alternative form of business financing to the Singapore financial ecosystem. How does P2P lending work? P2P lending is essentially banking without a bank as an intermediary. It is the process where the general public lends money directly to businesses with P2P platforms such as Capital Match facilitating the transactions by providing credit risk assessment, legal documentation and debt collection services. Both the borrowers (SMEs) and lenders (can be anyone) of the loan stand to benefit to a greater extent than before - borrowers can attain working capital more accessibly and lenders can expect to receive more attractive returns on their spare capital.

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