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.
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.
Hyphen Group – founded as CompareAsiaGroup in 2013, aims to be the leading fintech company that builds the future of personal finance in Greater Southeast Asia. Through their three pillars, comparison, membership and SaaS, Hyphen’s mission is to empower and connect consumers to a better financial future. Hyphen is active in 6 markets (Hong Kong, Malaysia, Philippines, Singapore, Taiwan and Thailand) and partners with 200+ 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. Stem Financial works in close partnership with management.
On April 22, 2015, Hyphen Group secured $40M in Series A funding led by Goldman Sachs and Jardine Pacific. Official Press Release
On June 20, 2017, Hyphen Group secured $50M in Series B funding led by International Finance Corporation (IFC), a member of the World Bank Group. Press Release
On August 6, 2019, Hyphen Group secured $20M in Series B-1 funding led by Experience. Press Release
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.
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.
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.
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.