KUALA LUMPUR (Nov 9): Private equity firm OSK Ventures International Bhd (OSKVI) has emerged as a significant shareholder in a newly-merged entity that provides fully-integrated supply chain financing solution to corporates.

Known as SESAMi-Capital Match, the company is a merger between SESAMi Holding — the largest e-procurement platform in Singapore, and Capital Match Holdings — the leading invoice financing platform present in Singapore and Hong Kong.

SESAMi and Capital Match had recently announced their equity merger on Nov 7.

In a statement today, OSKVI said the merger will see a combined entity with last year’s pro forma revenue of more than S$30 million (RM91 million) and profitable on an earnings before interest, taxes, depreciation and amortisation (Ebitda) basis.

However, it did not disclose its shareholding in SESAMi-Capital Match.

"Together, the companies will bring a fully integrated supply chain financing solution to corporates, and their suppliers being able to provide business-to-business (B2B) financing in a more timely, automated and cost-efficient manner," the statement added.

"We aim to revolutionise the way the financing to B2B businesses is done and by leveraging the strengths and experiences of our combined teams, I am confident that we will be able to achieve this goal,” SESAMi-Capital Match chief executive officer Pawel Kuznicki said.

After the successful roll out in Singapore, SESAMi-Capital Match plans to expand the integrated product to other countries in Southeast Asia through greenfield development, partnerships and/or acquisitions, initially slated for 2019.

OSKVI shares closed up 0.5 sen or 0.96% at 52.5 sen today, for a market capitalisation of RM103.13 million.