Hayman Capital

What Hayman Capital does

Hayman Capital Pte. Ltd. is a Singapore-registered private investment holding company founded in 2014 by Shyngys Kulzhanov, operating a portfolio of financial inclusion businesses across Southeast Asia. The group runs three principal subsidiaries: Hayman Microfinance (Myanmar), a fully licensed deposit-taking microfinance institution headquartered in Yangon with 27 branches across 6 regions and 1 state; Hayman Finance Indonesia, headquartered in Jakarta with a Surabaya branch providing short-term SME working capital bridge loans across Java, Kalimantan, Sumatra, and West Papua; and a digital lending business launched in Vietnam in 2022 serving consumer lending and SME financing. As of disclosure, the Myanmar MFI serves 77k+ active borrowers, has originated 398,399 inclusive loans totaling 191,555,874,000 MMK in cumulative disbursement, with 79% women clients and 77% rural clients, targeting micro-entrepreneurs, small farmers, and SMEs excluded from formal banking.

The company's product mix centers on interest-bearing loan products with a 28% per annum rate across group loans (US$200-665) and individual/SME loans (US$1,000-7,000), plus savings products paying 10-14% per annum. Core technology consists of a cloud-based Management Information System (MIS) for banking operations, paired with online and mobile banking platforms that enable loan tracking for clients. Distribution combines a traditional branch-led model — physical client centers in villages and wards staffed by loan officers — with digital self-serve channels in Vietnam. The go-to-market is sales-led and relationship-driven, supported by financial literacy and CSR programs.

Revenue is generated primarily from interest and fees on the lending book and net interest spread on the deposit-taking operation in Myanmar. The company reports sourcing of capital and operational support from six core institutional partners: Maybank, KBZ Bank, Yoma Bank (banking partners in Myanmar), Symbiotics and Blue Orchard (impact investment managers), and Musoni (microfinance technology partner). Headcount is disclosed at 11-50 employees across the holding entity and operating subsidiaries. No audited revenue, funding rounds, or employee growth metrics were disclosed in the source data.

Name

Hayman Capital

Legal name

Hayman Capital Pte. Ltd.

Website

https://hayman-capital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Hayman Capital Pte. Ltd. is a Singapore-registered investment holding company operating financial inclusion businesses across Myanmar (licensed deposit-taking microfinance), Indonesia (SME working capital financing), and Vietnam (digital lending), serving unbanked micro-entrepreneurs, small farmers, and SMEs across Southeast Asia.

Ownership category

akta.pro rank

Product category

Microfinance and SME Lending

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

SME Term Loans & Growth Capital (FSAKAGAB), Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Microfinance lending services
• SME working capital financing
• Financial inclusion services
• Group lending products
• Deposit-taking microfinance

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Microfinance Lending - Group Loans: Interest income from group loans disbursed to micro-entrepreneurs. Group loans range from ~US$200 to $665 at 28% interest per annum.
2. Microfinance Lending - Individual & SME Loans: Interest income from individual and SME loans ranging from ~US$1,000 to $7,000 for productive activities including trading, farming, and construction.
3. SME Working Capital Financing: Short-term financing to SMEs as bridge loans to support trading, farming, construction and other productive activities in Indonesia.
4. Savings Products: Deposit-taking services offering savings products with 10%-14% annual interest rates.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Core offering

Hayman Capital Pte. Ltd. is a Singapore-registered investment holding company operating a portfolio of financial inclusion businesses across Southeast Asia. Through its subsidiaries, it offers deposit-taking microfinance lending (Group Loans of ~US$200-665 at 28% p.a., Individual & SME Loans of ~US$1,000-7,000 at 28% p.a.) and savings products (10-14% p.a.) in Myanmar, SME working capital bridge loans in Indonesia, and digital consumer and SME lending in Vietnam.

Product overview

Hayman Capital Pte. Ltd. is a Singapore-registered investment holding company that operates a multi-country portfolio of financial inclusion businesses across Southeast Asia. The group comprises three principal operating subsidiaries: Hayman Microfinance (Myanmar) offering deposit-taking microfinance services and lending products including Group Loans, Individual & SME Loans, and Saving Products; Hayman Finance Indonesia providing working capital financing to SMEs; and Hayman Digital Lending Vietnam delivering digital lending services for consumers and SMEs. Each subsidiary serves distinct market segments within their respective countries while sharing Hayman Capital's mission of financial inclusion.

Differentiator

Problem solved

Functional benefit

Products and services

• Group Loan Microfinance group loan product for micro-entrepreneurs and small farmers in Myanmar, ranging approximately US$200 to US$665 at 28% interest per annum, disbursed to underserved groups for productive activities.
• Individual & SME Loan Individual and SME loans for productive activities including trading, farming, and construction in Myanmar, ranging approximately US$1,000 to US$7,000 at 28% interest per annum.
• Saving Products Deposit-taking savings products offered to clients in Myanmar with annual interest rates ranging from 10% to 14%.
• Hayman Finance Indonesia SME Working Capital Financing Short-term working capital bridge loans to Small and Medium Enterprises (SMEs) in Indonesia to support trading, farming, construction and other productive activities. Operations are headquartered in Jakarta with a branch office in Surabaya covering Java, Kalimantan, Sumatra and West Papua.
• Hayman Digital Lending Vietnam Digital lending business in Vietnam targeting consumer lending and SME financing markets through online and mobile channels.

Quantifiable outcome

• 77k+ active borrowers in Myanmar
• +4 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bank Rakyat Indonesia (BRI): Indonesia's largest microfinance lender, with millions of micro-loan customers across the archipelago via its BRILink and Kupedes programs. Comparable to Hayman Finance Indonesia as a dominant Indonesian player serving SMEs and micro-entrepreneurs through a multi-island branch network.
• ACLEDA Bank: Cambodia's largest commercial bank, evolved from an MFI, offering microfinance, SME and corporate banking across Cambodia and with regional presence. Comparable as a Southeast Asian MFI-turned-deposit-taker with broad product set similar to Hayman's strategic trajectory.
• Sathapana Bank: Cambodia-licensed deposit-taking institution that began as a microfinance lender and expanded into SME and retail banking. Comparable to Hayman Capital in starting as a deposit-taking MFI and expanding into broader financial services across SEA.
• KBZ Bank: Myanmar's largest privately owned commercial bank and an existing financial partner of Hayman Capital. Comparable as a Myanmar deposit-taking institution serving individuals and SMEs across the same regions where Hayman's MFI operates.
• PT Bank Mandiri: One of Indonesia's largest banks with substantial SME and microfinance operations across Java, Kalimantan, Sumatra and Eastern Indonesia — the same geographic footprint Hayman Finance Indonesia targets.

Direct peers

• AMRET Microfinance Institution: One of the largest MFIs in Cambodia offering group loans, individual loans and savings to micro-entrepreneurs and rural populations. Closely comparable to Hayman's Myanmar MFI in business model (group lending, deposit-taking), target segments (women, rural), and regional SEA focus.
• LOLC Holdings (SEA operations): Sri Lanka-headquartered microfinance and SME finance group with expanding operations across Southeast Asia. Comparable to Hayman Capital as a multi-country, deposit-taking inclusive-finance operator growing via greenfield subsidiaries in emerging Asian markets.
• Home Credit Vietnam: Leading consumer and SME finance provider in Vietnam operating a digital and physical distribution model. Directly comparable to Hayman's Hayman Digital Lending Vietnam in product (consumer + SME loans), distribution (digital + physical), and target segment (underbanked borrowers).
• FE Credit Vietnam: One of Vietnam's largest consumer finance companies, providing installment loans to mass-market borrowers. Comparable to Hayman's Vietnam digital lending business in geography, target customer (underbanked consumers), and digital-led origination model.

Emerging players

• Trusting Social: Vietnam-based AI-driven fintech providing credit scoring and digital lending to underbanked consumers and SMEs in Southeast Asia. Directly comparable to Hayman's Hayman Digital Lending Vietnam in product type, geography, and target borrower profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hayman-capital-pte-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hayman Capital