Hyphen Group – founded as CompareAsiaGroup in 2013 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 6 markets (Hong Kong, Malaysia, Philippines, Singapore, Taiwan and Thailand). Hyphen Group 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 Hyphen Group.
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
TRBank has a 60-year history in Rizal and Metro Manila, Philippines with 8 branches and 11 branch lites. TRBank provides secured and unsecured business and consumer loans using fast and efficient credit processing. Stem Financial made a majority investment in the bank in July 2015 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 release and loan book by ~40% and 30% (4 year CAGR), respectively. Revenues have grown by 25% and deposits by 26% compounded over the same period. TRBank has ambitious plans to grow further into the under-served SME market in Manila and neighboring provinces. 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.
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.
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 9 markets.
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.
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.