IFS Capital Ltd

Detailed Description

IFS Capital Limited, together with its subsidiaries, provides commercial, alternative, and structured finance services in Singapore and Southeast Asia. It operates through three segments: Credit Financing, Insurance, and Private Equity and Other Investments. The company offers factoring, accounts receivable financing, trade financing, mortgage financing, working capital, financing for overseas operations, asset-based and direct financing, operating leasing and consumer financing, and hire purchase services; and participates in financing by SPRING under Local Enterprise Finance scheme, as well as in financing by International Enterprise Singapore under Internationalization Finance scheme. It also provides credit insurance facilities to Singapore exporters; and issues performance bonds and guarantees, domestic maid insurance, property and casualty insurance, motor insurance, engineering insurance, and work injury compensation insurance, as well as holds equity securities and bonds under the regulated insurance fund. In addition, the company is involved in the provision of development capital in the form of convertible debt instruments, and private equity investments, as well as venture capital investment activities. The company was founded in 1975 and is based in Singapore. IFS Capital Limited is a subsidiary of Phillip Assets Pte. Ltd.