Singapore based platform, Xcelerate which is specialized in Environmental, Social, Governance, Risk, and Compliance (ESGRC) has declared to scoop up a debt funding arrangement of up to $52 million from Orion Capital Asia.

The firm is intending to utilize the funds to refinance existing debt, pursue an inorganic growth strategy, and consolidate its businesses across the Asia-Pacific (APAC) region, the UK, and Australia. The company has taken this strategic move to strengthen Xcelerate’s market position and expand its capabilities.

Xcelerate has achieved substantial growth in the Indian market by acquiring Aparajitha Corporate Services, a frontrunner in Labour, Employee, and Industrial (LEI) compliances. Additionally, Xcelerate has acquired three rival firms, consolidating its leadership in this sector.

In April, the organization broadened its presence in the Stakeholder and Sustainability Reporting and Advisory sector through the acquisition of a significant equity interest in Stirrup Communication Consultants, with intentions to enhance its ESG advisory and assurance offerings.

The startup Xcelerate was founded in 2021 by Madhujeet Chimni, Xcelerate and dedicated to establishing a thorough Governance, Risk, and Compliance (GRC) investment and operational entity.

In the previous month, Xcelerate secured a significant equity interest in Gieom Business Solutions, known for its advanced regtech solutions driven by Generative AI.

Gieom focuses on standard operating procedure (SOP) and policy management, operational risk and resilience, as well as digital identity verification. The company caters to around 125 clients in the Banking, Financial Services, and Insurance (BFSI) industries in Europe, the Middle East, and India.

The co-founder of Xcelerate, Madhujeet Chimni, said, “We are excited to partner with Orion Capital Asia in our growth journey. In Orion Capital Asia, we found a partner who is fully appreciative of our business model, supportive of our initiatives and is solutions-oriented. We look forward to working with their very experienced and capable team in a mutually beneficial partnership.”

The Managing Partner of Orion Capital Asia, Shishir Jain expressed his merriment about the collaboration and mentioned, “We are delighted to partner with Xcelerate in its pursuit to deliver top-quality offerings to its clients in ESG, compliance, and sustainability areas. The growth capital from the new financing would enable Xcelerate to further enhance its leadership position. We look forward to continuing to support Xcelerate’s growth in the future.”

The organization’s prime focus is to include expanding through internal growth as well as acquisitions in order to provide strong GRC solutions to its clientele. It is supported by reputable private equity firms such as Federated Hermes, Altair Capital, and Exacta Capital Partners.