TechFlow News — Singapore-based private debt platform Kilde has successfully closed a $1.115 million seed funding round. Participants in the round include Big Sky Capital, Borderless Capital, AXL Ventures, Algorand Foundation, and several angel investors. Kilde plans to use the newly raised funds to accelerate its growth, further develop its proprietary technology to enhance platform capabilities, scale operations, and expand its market reach.
In addition, Kilde will launch a blockchain-based treasury management system called "SafeBay" to help blockchain companies manage short-term financial assets. SafeBay will also offer compliant on-chain credit products. The platform has already partnered with the Algorand Foundation and is scheduled to launch in the third quarter of this year.
