What is Lyte Ventures? How is it related to Lyte Capital?
Lyte Ventures is a private limited company incorporated in the Republic of Singapore. At the moment, Lyte Ventures provides financing solutions to freelancers and SMEs in Singapore, Thailand, and Indonesia.
Lyte Capital is a wholly-owned subsidiary of Lyte Capital, and serves as the group’s capital and treasury management arm.
How is Lyte Capital managed?
Lyte Capital is managed by its Board of Directors, and supported by the management team of Lyte Ventures. To find out more about Lyte Ventures, click here
Why does Lyte Capital require funds?
Lyte Capital provides arms’-length funding facilities to the subsidiaries of Lyte Ventures, namely LytePay and Lyte Finance. LytePay is a digital finance platform that provides advance payment solutions to freelancers. Lyte Finance is an invoice financing platform for SMEs that provides early payment discounting and factoring services.
Are the businesses licensed?
Lyte Ventures and its group of companies (“Lyte Ventures”) do not carry out any of the regulated activities set out in the Securities and Futures Act (Cap. 289) of Singapore. In addition, the activities contemplated to be carried out by Lyte Ventures do not require a licence under the Moneylenders Act (Cap. 188) of Singapore. Lyte Ventures is therefore not required to be licensed or registered with the Monetary Authority of Singapore.
Lyte Ventures respects, and is compliant with, all applicable laws. The company consults with regulators, and keeps up to date with government-issued guidelines, regulations, and legislation in all jurisdictions it operates in. After its enactment, Lyte Ventures will be licensed as a payment service provider under the Payment Services Act.
What is a facility, and what is it governed by?
A facility essentially sets out the terms and conditions of a loan between a private client and the company. Facilities afforded by private clients follow a fixed one-year term, with parties’ rights and obligations set out clearly.
Are returns guaranteed?
No guarantees are made on returns. Please read our Risk Disclosure Statement for more information.
What assurances do I have?
Each facility sets out the terms and conditions that both the company and clients need to abide by, and is the best starting place in assessing the level of risk, and any assurances made to mitigate any such risk. Lyte Capital is in active discussion with service providers to secure insurance for the appropriate facilities and business verticals.
How do I find out more?