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Portfolio

Current

Acclime
TRBank

Inveztor
APA

Exited

Sleek
Esquire

MoneyHero

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. Acclime currently has presence in 11 markets. Stem Financial works in close partnership with management and Philip serves on the Board of Acclime.


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

INVESTMENT DATE: 2018

TRBank has a 60-year history in Rizal and Metro Manila, Philippines with 8 branches and 11 branch lites. TRBank provides secured business and consumer loans using fast and efficient credit processing. Stem Financial made a majority investment in the bank in July 2018 and has worked closely with management to improve its commercial operations as well as its governance, risk and support and control functions. In 2019, the bank was renamed from Tanay Rural Bank to TRBank in recognition of its development into a Manila based bank serving all of Luzon. Since Stem Financial’s investment, TRBank has grown its loan book by ~24% (6 year CAGR). Revenues and deposits have grown by ~20% compounded over the same period. Stem Financial 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/

INVESTMENT DATE: 2021 and 2022

Inveztor™ is a simple, efficient and collaborative tool for issuing and maintaining deals within Debt Capital Markets. The platform brings together issuers, advisors and legal counsel, to allow agents to intelligently manage deals in a real time environment. StemFin invested in Inveztor™ in 2022, with Philip joining as a Board Observer as part of the round.


Website: https://www.inveztor.co.uk/

INVESTMENT DATE: April 2019

APA is a HK-based company that develops and operates zipline and aerial adventure attractions focused on Asia Pacific. It is the developer and operator of Zipcity— Asia Pacific’s first urban zipline attraction in the new Lisboeta Resort on Macau’s Cotai Strip. Zipcity takes riders from a 60-meter dedicated tower over the resort plaza, restaurants and shopping centre with views of the Cotai Strip and an audio-visual experience. Stem Financial is a strategic minority investor in APA and Philip sits on the board.


Website: https://www.apainvestments.com/ and https://zipcity.com/home
Sleek

INVESTMENT DATE: 2018

EXIT DATE: 2021

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/

INVESTMENT DATE: 2014

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/

INVESTMENT DATE: 2013

Founded in 2013 and dual-headquartered in Hong Kong and Singapore, MoneyHero Group, formerly known as CompareAsiaGroup and Hyphen Group, aims to be the leading fintech company that builds the future of personal finance in Greater Southeast Asia. MoneyHero is active in 5 markets (Hong Kong, Malaysia, Philippines, Singapore and Taiwan) and partners with 270+ financial institutions and partners. 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.


On October 13, 2023, MoneyHero began trading in the US (NASDAQ: MNY) after a merger with Peter Thiel backed SPAC.


Website: https://www.moneyhero.com.hk/en