{"anonymized_title":"Singapore Fintech Senior Secured Loan ","anonymized_description":"Singapore-based fintech senior delayed draw term loan.","min_target_irr":"18.16","min_cash_interest_rate":"15.0","max_cash_interest_rate":"15.0","min_pik_rate":"5.0","disclaimer":null,"performance_fee":"0.0","management_fee":"0.0","expense_fee":"0.0","day_one_draw":"15000000.0","interest_rate_type":"Fixed","anonymized_overview":"<p>Singapore headquartered fintech that provides underbanked Indonesian and Vietnamese consumers with a digital credit platform to finance e-commerce purchases, pay bills, and secure personal loans (collectively “Loans”).&nbsp;Its flagship buy-now-pay-later product enables Indonesian e-commerce purchasers to apply and qualify for instant credit. Its product offering includes 30-day zero interest loans, short term e-commerce installment loans and unsecured personal loans granted to existing e-commerce borrowers.&nbsp;</p><p><br></p><p>Originator has a long-term credit commitment with&nbsp;The Company&nbsp;to provide&nbsp;the Company with capital to finance its buy-now-pay-later (BNPL) products and consumer loan products.</p><p><br></p><ol><li>The Notes offer an attractive structured yield, with additional upside potential through the Warrants</li><li>The Company&nbsp;is a best-in class operator with support from large international VC investors and significant cash liquidity</li><li>The Notes advance between 70%-85% against short-duration Loan collateral and maintain a corporate guarantee</li><li>The Originator holds a right of first refusal (“ROFR”) should&nbsp;The Company&nbsp;continue to scale and execute on its plan to launch ancillary products and expand geographically</li><li>The investment represents the Originator’s initial penetration into the rapidly developing Southeast Asian fintech market.&nbsp;</li></ol><p><br></p><p>The&nbsp;Company deal is broken up into three different tranches (Tranche A, Tranche B, Tranche C). This current deal is for Tranche C.</p><ul><li>Tranche A (matures on 6/30/2026) has a $100m commitment and a fixed Cash Interest Rate of 14% p.a.</li><li>Tranche B (matures on 6/30/2026) has a $100m commitment and a fixed Cash Interest Rate of 14% p.a.</li><li>Tranche C (matures on 6/30/2026) has a $114.5m commitment, a fixed Cash Interest Rate of 15% p.a., and a fixed PIK Interest Rate of 5% p.a. payable semi-annually in Series D-3 warrants.</li></ul>","base_currency":null,"cash_interest_benchmark_rate":null,"cash_interest_spread":null,"kyc_metadata":{"kyc_type":"tradable_kyc","max_aml_risk_score":1,"allowed_countries":["US"],"entity_type":"Any","investor_status":"Any"}}