DUBAI, UAE-headquartered Dalma Capital Management Ltd. , announced last Wednesday it advised a Philippine fintech startup FHL Financing Co. Inc. on a $20-million debt-financing deal, the largest such financing for a Series A company from the Philippines.
The financing will allow the credit-led fintech firm to further scale its lending operations across the Philippines, according to alternative investment management advisor. Dalma Capital added that “the transaction was completed despite volatility in the credit markets.” “In addition, while in the past many Southeast Asian deals were being funded from Singapore and Hong Kong, we are seeing a lot more interest from investors in the Middle East and the West, which is a break with precedent,” Porter added.
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