Capital partners
Short-duration consumer receivables, originated with unusual discipline.
Tenor originates and services instalment receivables from licensed Singapore clinics into ring-fenced funding vehicles. We work with a small number of equity investors, private credit funds and banks.
What Tenor is — and isn't
- Originator, underwriter, servicer and manager. Not the lender of record, and not a balance-sheet lender.
- Receivables held in a bankruptcy-remote vehicle with a trustee-controlled collection account and a fixed waterfall.
- Monthly static-pool vintage reporting to every funder from the first month of origination.
- Credit policy as a schedule to the funding documents, amendable only in writing.
The asset
Why clinic receivables behave well
Short and self-liquidating
Six to 36-month amortising plans, weighted average around 16 months. The book turns over quickly and vintage performance is visible fast.
Aligned merchant
The clinic warrants the service was rendered, bears a first-loss share of realised losses, buys back any receivable where a clinical dispute is raised, and funds a rolling reserve.
Underwritten tighter than the market
Four-times-income unsecured cap against an industry six, minimum age 21, bureau and income verification on every application, recorded confirmation call.
Working with us
By introduction
Tenor's funding vehicles are offered privately to accredited and institutional investors only, by introduction, and nothing on this website is an offer or solicitation. If you are an accredited investor, a private credit fund or a bank structured-finance team and would like to see the data room, write to us.
Information on this page describes Tenor's business model in general terms. It does not constitute an offer of securities, an invitation to subscribe, or financial advice, and is not directed at persons in any jurisdiction where such an offer would be unlawful.