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Azure-Lyte Fund

Tied up with fintech LytePay to set up Singapore’s first fund catered to the freelancers

– give them access to cash 24/7

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Exclusive funding contracts

  • 5 biggest real estate agencies with 90% of the market share
  • Gushcloud: Largest agency in Southeast Asia with 12,000 influencers
  • Samsung: 3,000 agents in Singapore

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Unparalleled Safety, High Yields

  • Counterparty is always the agencies, and not the agents
  • Deliver above-market yields while ring-fencing the risks

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Sizeable Market

  • Real estate agency (S’pore) S$2 billion, Influencer S$100m
  • Potential market: Insurance agencies

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＊Data as at End Dec 2022

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LytePay

General Landscape (Private & Confidential)

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Structure of Azure Lyte Fund

(Manager)

Azure Lyte Fund Pte Ltd

(Technical Advisor)

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Simple & Proven Model

Ultimate Payors

Analyse payment patterns, credit worthiness, quality of project sales

Agencies

Analyse freelancer performance, credit worthiness of agency.

Platform

Automated request flow One-click advance Instant Transfer

User

Sign up and all invoices will be synced to credit analysis engine

Property Agents

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Process & Payment Flows

Investment Process

Agent

Property Agency

Agent sync all their outstanding invoices on LytePay

Developer

ERA invoices developers based on their own commercial arrangements, typically in batches.

Developers will pay ERA up till 180 days or even more

ERA receives & disburses commissions advanced to LytePay first, and the remainder of commissions

(if any) then goes directly

to the agent.

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LytePay analyses the credit quality of all these outstanding invoices, and assigns an advance limit (usually 40-70% LTV)

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Anytime agent needs money, one click and funds transferred over to their bank account

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Validated System

Advanced > S$200m in commissions with default rate of 0% since 2018

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Used by:

  • 7,000 real estate agents (only ERA and Propnex)
  • 3,000 influencers
  • 2,000 Samsung sales

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＊Data as at End Dec 2022

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Credit Risk Management Engine

Ultimate Payors

Agencies

Platform

User

  • Entire Singapore property market’s default Rate is 0.3-0.7%. �Our LTV is 50-80% . Well covered!
  • Reputation of developers
  • Completeness of sales
  • Gearing ratio

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  • Take the agency credit risk (not the real estate agent)
  • Contract for payment guarantee for funds received from developers
  • Listed agencies – Governance
  • Mandatory internal controls and audit trails

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  • Automated credit engine
  • Agency credit limits
  • Developer credit limits
  • Freelancer credit limits
  • Checks on government databases

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  • Freelancer data
  • Social heuristics
  • Past performance
  • Psychometric + behavior pattern data collection

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＊Data as at End Dec 2022

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Dividend Payout

  • Payout range of over 6% + a variable component as defined by the fund prospectus (PPM)
  • Fixed component – first 6% (after fees) will go to investors
  • Variable component – additionally, after the distribution of the first 6%, the remaining profits will be split 20:80 (Investor: Lyte)

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Performance

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Renowned Client Base

Clients include Founders and Key Management of: