# Pilon Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pilon-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.pilon.sg
- Latest round: Seed (Jan 20, 2023)
- Investors on record: 3

## About

Based in Singapore, and founded in 2020 by Eddie Lee (CEO), and Alex ChuaPilon, Pte Ltd operates as a software company that assists buyers by extending the time it takes to pay off their balances and assisting suppliers in obtaining immediate access to their due and payable payments. In January 2023, Pilon Pte Ltd raised an amount of venture funding. The round was part of a larger SGD 6.88 million in seed and debt funding.

Pilon Pte Ltd provides a solution called Pilon Plus and Recharge. Pilon Plus a cloud-based, reserve supply chain financing software that enables the firm and financial institutions to continue funding income suppliers quickly and securely through a closed system environment while offering additional and structural cash flow to the buyer. Recharge is a salary advancement program or earned wage access that allows employees to withdraw from their earned wage whenever they want, rather than waiting for the normal payroll cycle.

The company plans to use the January 2023 funding to expand its business and hire members.

## Funding rounds

- Seed, Jan 20, 2023 — Wavemaker Partners, Octava, Polaris Kin

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Octava — Seed
- Polaris Kin — Seed