Kitchen Culture Holdings has fully redeemed its bond raised through FundedHere
Singapore, 6 June 2019 (updated) – Kitchen Culture Holdings Ltd has fully redeemed its non-convertible bond of S$750,000 together with accrued interest on 18 May 2019. The company raised the two-year Singapore-dollar denominated 9% p.a., quarterly coupon bond through FundedHere's crowdfunding platform in 2017.
Founded in 1991, Kitchen Culture is Singapore’s leading distributor of imported kitchen systems, appliances, household furniture as well as accessories. It has established itself as a premier kitchen solutions provider for consumers mainly within Asia. Following the increasing number of residential projects in Singapore, Kitchen Culture looks ahead to growing their sales in the coming years as well as broadening their portfolio of products to offer quality and variety to their consumers.
One of its investors, Christina shared "I invested with Kitchen Culture Holdings two years ago. I had a seamless experience investing through the platform and was kept up to date on the bond and interest repayments at prompt intervals. I would like to thank the FundedHere team for being very professional in their dealings and look forward to more campaigns."
FundedHere is Singapore’s 1st MAS-Licensed Equity and Debt crowdfunding platform. Started in March 2016, FundedHere has raised more than $16 million across 25 campaigns for technology startups and Singapore listed companies.
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FundedHere is the first registered private equity and lending-based crowdfunding platform for promising businesses in Asia issued by Monetary Authority of Singapore (MAS). FundedHere has built an ecosystem for investors and businesses, utilizing Singapore as a springboard for Asia.