Capital Match Holdings Pte. Ltd. has raised S$1 million (US$712,000) in its Series A round of venture financing, announced today in a press release.

The funds will be used for product development, marketing, and sales activities of Capital Match, which small and medium enterprises (SMEs) can use to access growth and working capital from investors who are looking for attractive rates of return.

Capital Match touts itself as a service that would benefit both individual investors who have few options for attractive rates of return and SMEs who are oft-neglected by traditional banks when sourcing business credit.

Along with news of the funding, Capital Match also announced Pete Bonee as a new addition to its Board of Directors.

Bonee, a partner at Innosight Ventures (who are leading the round which also includes previous investors Crystal Horse Investments and CE-Tech Invest) said, “Capital Match has identified an opportunity to solve a big market inefficiency with an innovative technology solution. We are also very impressed with the team.”

Capital Match enables investors to view loan requests along with professional credit assessments of each loan. They select the loans in which they want to participate. As loans are made, the platform provides end-to-end services including payment processing, debt collection, and reporting.

Also Read: VC investing is a people business: Innosight Ventures’ Pete Bonee