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CompareAsia
TRB

Sleek
Acclime
APA

Exited

INVESTMENT DATE: 2013

Founded in 2013, CompareAsia Group is the leading independent financial comparison site in Asia which offers free comparisons of personal loans, housing loans, credit cards and insurance products. The company is active in 7 markets (Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan and Thailand). CompareAsia partners with 100+ active providers. Stem Financial was a seed investor to help build the business from ground-up and subsequently a Series A investor to support its growth plans in the region. Stem Financial works in close partnership with management and Philip serves on the Board of CompareAsia.


On April 22, 2015, CompareAsia Group secured $40M in Series A funding led by Goldman Sachs and Jardine Pacific. Official Press Release


On June 20, 2017, CompareAsia Group secured $50M in Series B funding led by International Finance Corporation (IFC), a member of the World Bank Group. Press Release


Website: http://www.compareasiagroup.com/

INVESTMENT DATE: 2015

Tanay Rural Bank has a 60-year history in Rizal and Metro Manila, Philippines with 8 branches and 11 marketing offices. TRB provides secured and unsecured consumer and business loans using fast and efficient credit processing. Stem Financial made a majority investment in the bank and is working closely with management to improve its governance, risk and support and control functions. In 2016, we opened 3 new branches and 5 new marketing offices and moved Head Office to Ortigas. In addition, 2016 loan releases grew by 40% y/y. Going forward we have ambitious plans to grow the bank into the under-served markets in Manila and neighboring provinces. Stemfin works in close partnership with Asialink Finance Corporation (the leading consumer finance company in the Philippines) and its CEO Bobby Jordan who are also shareholders of the bank.


Website: http://www.trb.com.ph/
Sleek

INVESTMENT DATE: 2018

Sleek is the fastest-growing technology and service provider of Corporate Services in Asia. Founded in mid-2017 in Singapore, with an office in Hong Kong, sleek provides a one-stop fully digital solution to hundreds of entrepreneurs and investors who need company formation, secretarial, registered address as well as accounting, tax and payroll services.


Website: https://sleek.sg/

ACCLIME

INVESTMENT DATE: 2019

Acclime aims to be the leading pan-Asian corporate trust services company. It has a differentiated strategy to build a market leader in emerging Asia complemented by a strong presence in the Hong Kong and Singapore investment hubs


Website: http://www.acclime.com/

EXIT DATE: 2019

Esquire is the leading financing company in the Philippines providing business loans to SMEs. The company provides both unsecured business loans and rediscounting facilities. During our investment period, Esquire has released approximately PHP 40 billion during our holding period in loans with past due loan average of under 3%. Stem Financial made a minority investment with a Board seat to provide strategic guidance and expertise. The value of the company tripled during our investment period.


Website: http://www.esquire.com.ph/