Bluejay Finance is a Singapore-based fintech that helps investors from around the world get access to  private credit opportunities in Asia, to enhance their investment strategies with higher yields and greater diversification. Bluejay Finance partners with a diverse network of Asia-centric private credit funds, technology-enabled lenders, and institutions to provide a one-stop marketplace for investors to explore and participate in these opportunities.

Description

Bluejay Finance

Our team has multi-disciplinary experience across technology, finance and emerging markets.

Sherry Jiang

Raymond Yeh

Ye Myat Min (Jeff)

USD Coin

The issuer is a well-established and well-capitalised regional FinTech player in Southeast Asia. The issuer is an online aggregator platform for SMEs to secure short term and medium term debt financing. Because the issuer has a strong operational presence in the region, it has a deep understanding of the local markets and the needs of businesses in Southeast Asia. Since 2015, the issuer has underwritten over S$2.5 billion across 65,000 loans to SMEs. The issuer has an impressive lower-than-market default rate of 0.9% in 2021, and with the proceeds of the issuance, they will be able to expand their loan book and deploy more financing to businesses in the region.





Deal Overview

Lenders will receive quarterly interest distribution from Drawdown Date to Maturity Date (End of Loan Tenure) at 10% APR. All amounts due will be paid in SGD. There is no early redemption mechanism. In the event of late payment at a date past the Maturity Date, the fund will offer a Default Interest Rate of 10% APR accrued on a daily basis, and calculated on the basis of 365 day calendar-year.

The facility is secured via a corporate guarantee.


Investment Details

Net proceeds of the fund will be used as on-balance-sheet lending capital to finance SMEs in Southeast Asia (Singapore, Vietnam, Thailand, Indonesia). Once the pool is fully subscribed, funds will be deployed across various entities to provide diversified exposure to opportunities across the portfolio. Loans will be extended in the end-borrowers’ local currency.


Use of Proceeds

Loans will be extended to SMEs from Singapore, Indonesia, Vietnam, and Thailand in the end-borrowers’ local currency. The underlying facilities include:

1. Corporate vendor financing
2. Invoice financing
3. Purchase order financing
4. Working capital financing

Manager Profile