Environmental, Social, Governance, Risk, and Compliance (ESGRC) and investing platform Xcelerate, based in Singapore, announced on Tuesday that it has signed formal agreements with Orion Capital Asia for debt capital up to $52 million.
The money will be used by the company to further integrate its operations throughout Australia, the UK, and Asia-Pacific, as well as to refinance its current debt and follow its inorganic growth strategy.
Madhujeet Chimni, co-founder of Xcelerate, stated in a statement, “We found a partner in Orion Capital Asia who is fully appreciative of our business model, supportive of our initiatives, and is solutions-oriented.”
By purchasing a strategic ownership investment in Stirrup Communication Consultants in April, Xcelerate made its entry into the Stakeholder and Sustainability Reporting and advice area. The company also plans to expand into ESG advice and assurance services.
“Xcelerate would be able to further enhance its leadership position with the growth capital from the new financing,” stated Shishir Jain, Managing Partner of Orion Capital Asia.
Gieom Business Solutions, a top supplier of Generative AI-powered regtech solutions, including digital identity verification, operational risk and resilience, and standard operating procedure (SOP) and policy management to about 125 BFSI clients in Europe, the Middle East, and India, was acquired by Xcelerate last month.
