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Frequently Asked Questions

About oCap

Headquartered in Singapore, oCap is a technology-driven provider of financing solutions for businesses. We offer fully automated processes on a secure platform, based on blockchain technology, to provide businesses with instant access to liquidity. With an AI-enhanced Risk Management System, oCap provides a seamless customer experience for on-boarding and credit underwriting and leverages application programming interfaces for deeply integrated operations with Acquirers, Payment Facilitators and Merchants.

Everything we do is automated. We use an AI-enhanced Risk Management System to provide a seamless on-boarding and credit underwriting service for our clients.

Prospective Customers and Borrowers

We provide capital to enable businesses to unlock their full growth potential. Our financing solutions are responsible, sustainable, flexible and affordable. We are here to help, not trick you out.

In our ‘Products’ page, there are a list of the products we offer. Click ‘Learn More’ in the product section you are interested in, see if you qualify and, if you do, click ‘Get Started Now’ to apply.

If you are unsure and would like to speak to a member of the oCap team, please do get in touch by emailing us at info@ocap.com.

Our products are high-value and make an impact

Merchant Cash Advance: Our digital financing solutions take tangible business performance into account.

Payment Receivables Financing: Our system allows for fast on boarding,daily recalculation of interest cost against actual utilization,daily repayments, and easy integration.

Trade Finance: We offer flexible repayment schedule to accommodate trading life cycle. Our blockchain based trading platform with smartcontracts allows for high efficiency.

SME Working Capital: We offer multiple invoice options including flexible payment terms and customized repayments. Our fees and interestcharges are transparent.

Our platform is secure and processes are fully automated

Fast: We provide instant access to liquidity

Seamless: Customer experience for on-boarding and credit underwriting with AI-enhanced Risk Management System

Integrated: Leverage application programming interfaces for deeply integrated operations with Acquirers, Payment Facilitators, andMerchants

Transparent and Secure: Our trading platform based on blockchain technology. Credit risk of customers is well managed within a qualityloan portfolio

Yes; oCap uses state-of-the-art security measures such as encryption of data, firewall setups and hardened operating systems.

Singapore is currently the only market in which we operate, however, we have plans to roll out in the region. When we do, we’ll be sure to let you know.

We are here to help and would love to hear from you. If we haven’t been able to answer your questions yet, please do drop us an email at info@ocap.com

Merchant Cash Advance

Merchant Cash Advance is a pre-payment to meet your current business needs using your future income.

To be eligible, you will need to fulfil the following criterion:

  1. Have an Accounting and Corporate Regulatory Authority (ACRA) registered business for at least 24 months
  2. Be registered with an accredited payments processor for at least 6 months to accept credit and debit card payments
  3. Have a reputable business with cleared AML/KYC checks on directors and owners
  4. Your business needs to be a Private Limited Company. We currently do not work with Sole Proprietorships or Partnerships
  5. Have a corporate bank account
  6. Your major shareholder (>30%) needs to be Singaporean or Singapore Permanent Resident

The advance amount is based on your historical net settlement volumes, your withholding ratio, and your risk profile.

The withholding ratio is the agreed percentage of your net settlement volumes which your payment processer will pass on to oCap for the repayment of the cash advance. There is no fixed amount to be repaid. When your business is doing well, you pay more; when business is slower, you pay less.

Most of our customers use the amount to stock up on seasonal inventories, expand their operations, or make other improvements to their business. Others have used it to cover for emergencies. You can spend the money on whatever is best for your business.

Your payment processor will withhold the agreed daily percentage from your daily net settlement volumes. In cases where this might not be sufficient, we might ask you to repay through our portal.

Our repayment terms are between 3-12 months depending on risk factors.

Future receivables is the income your business will generate over the term of the cash advance.

Ideally, the credit approval is almost instant, and the disbursement will take place the next business day. However, in certain cases, it might require 2-3 business days to complete the advance.

During the credit application process, we will be collecting a few documents to validate who you are, understand your business, verify whether you are entitled to take on a loan for your business, and ensure that you and your business are in good standing.

Yes, you can make early repayments at any point in time via our portal.

We will be verifying the health of your business, identify fraud, and verify KYC information through the credit bureau and other third-party data providers.

We are currently not offering any switches to payment processors and it is actually discouraged to switch your payment processor during the lifetime of the advance. In case you need to switch payment processors, full repayment is required.

Merchant Cash Advance is different from a bank loan because:

  1. We provide you with an advance of your business future net settlement volume in exchange for a portion of your daily net settlements to repay.
  2. A Merchant Cash Advance can be secured faster than a traditional loan.
  3. Merchant Cash advance has a shorter term than a loan.
  4. The advance volume depends heavily on your transaction volumes rather than your credit score, as with most loans.

We would need proof of identification, in combination with a corporate tax return, or a business license to verify whether you are the rightful owner of your business and are entitled to request for financing.

In most cases, your existing terminal should be sufficient.

Please contact us at info@ocap.com with any questions you might have in relation to our Merchant Cash Advance product.