5377730933_64fd363fbd_b

DBS and Temasek to launch debt financing platform in Asia


DBS and Temasek have announced a new partnership through which both firms will launch EvolutionX Debt Capital, a US$500 million growth stage debt financing platform. 

EvolutionX will base its operations in Singapore and will offer non-dilutive financing to growth stage tech-enabled firms in Asia, with priority given to firms based in China, India, and Southeast Asia.

Growth debt capital is a rich investment and profit channel, especially EvolutionX specifically targets tech-enabled firms with global growth potential. It also prioritizes fast-growth sectors such as financial services, consumer, healthcare, education, and industrial development.

EvolutionX is poised for success, given the combination of Temasek’s investment expertise and DBS’ global banking networks.

Tan Su Shan, Group Head of Institutional Banking, DBS said, “The investment in EvolutionX provides an opportunity for us to play an integral role in nurturing and financing the growth of Asia’s future unicorns while forging partnerships and ecosystem opportunities with these high-growth technology-enabled companies.”

Rohit Sipahimalani, Chief Investment Strategist, Temasek said, “Temasek believes in the purposeful use of our capital to create and catalyze solutions for gaps we see today, to stimulate innovation and growth for long term, sustainable value.”

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us

PAN Finance