Outpace inflation. Every month
Singapore inflation quietly erased roughly 16% of purchasing power between 2021 and 2024. Bank deposits and savings bonds didn't keep up. Kilde's senior-secured private credit delivered 12.39% net — a real return well above inflation, paid into your account every month while your principal stays whole.
See what inflation is doing to your money — and what Kilde does about it
Move the sliders to model your own capital, horizon, and inflation assumption. Hover the chart for the exact real value at any year. Then try a Kilde sleeve at the bottom to see what reallocating part of your pool would actually do.
At 2.5% inflation, your S$4,550,000 loses that much real purchasing power over 30 years.
Half-life of purchasing power: 28.1 years at this inflation rate.
What if you moved part of this capital into a Kilde sleeve?
Most savers keep their entire "safe" pool in cash, FDs, or SSBs — losing to inflation year after year. Drag the slider to see what reallocating part of the pool into a Kilde sleeve would do to the real value at the end of your horizon, and how much income the sleeve would actually pay.
In 10 years, real value of the pool
All values shown in today's purchasing power. Kilde modelled at the trailing 12-month net return of 12.39%, already net of the 0.5% p.a. platform fee (track record, not a guarantee). Cash at the standard SGD savings rate of 0.05%; FDs & SSBs blended at 2.8% (12-mo SGD FD ≈ 3.0%, 10-yr SSB avg ≈ 2.7%). High-yield savings accounts with bonus conditions (e.g. DBS Multiplier, UOB One) can pay more on capped balances — see your bank's published tier table. Past performance is not a guarantee of future returns. Capital at risk.
The share of investor capital permanently lost after recoveries. 0% means no principal losses.
Total amount investors have committed to private credit opportunities on Kilde since launch.
The most expensive thing you don't see
Inflation isn't a headline number. It is a tax on every saved dollar, applied quietly, every day, with no receipt. Most of what's marketed as a "safe" SGD yield doesn't actually beat it. Here's the unvarnished math.
Cumulative Singapore CPI inflation. A S$1M kept in cash in 2021 has the purchasing power of about S$859,000 today.
The base interest rate on a standard savings deposit at a Singapore bank — versus an inflation rate roughly 60× higher.
Average 10-year SSB return. Has trailed Singapore CPI in 3 of the last 4 years. "Safe" on paper, losing in real terms.
12.39% trailing net return, minus a 3.5% long-term inflation assumption. The real yield that actually grows what you've saved.
A 3% fixed deposit looks fine on a brochure. After 3.5% inflation, you're losing 0.5% a year in real terms. After 5% inflation, you're losing 2%. The bank still pays you "interest" — and you still go home poorer.
The Rule of 72 makes the math vivid: at 3.5% inflation, the purchasing power of a passive SGD balance halves every 20 years. At 5%, every 14 years. A 40-year-old saver who ignores inflation is handing over more than half their cash to it by the time they retire.
Real return is what's left over after inflation. It's the only number that matters for whether your capital is growing or shrinking. Most SGD income products produce a negative real return and most savers never see it on a statement.
Kilde isn't here to beat the S&P 500. We're here to deliver a contractual yield that meaningfully beats inflation — paid monthly, senior-secured, and not pretending to be anything else.
We do only one thing, and we do it well
Most platforms offer you the world. Stocks. Bonds. ETFs. REITs. Crypto. Maybe a little hype.
At Kilde, we specialise in secured private credit and that’s all we do. We don't promise anything else, we don't sell anything else, and we don't pretend to know anything else. The best investments don't need hype. Just results.
Doing one thing for five years, with one credit team, inside one regulated entity, is how the track record came to be what it is.
Different challenge
Built for investors who refuse to lose ground
Most income products in Singapore quietly underdeliver against inflation. Kilde is built for savers and investors who have noticed — and who want their capital to actually grow in real terms.
What your money becomes in 10 years
All values shown in today's purchasing power, modelled at 3.5% annual inflation. Kilde modelled at the trailing 12-month net return of 12.39% (after the 0.5% p.a. platform fee).
Three steps to your account with Kilde
Kilde is a curated platform of carefully selected private credit deals. Our credit team sources, vets, and structures every opportunity. You choose which ones to fund and how much to allocate.
If it sounds too good to be true
Why does private credit pay this much, and where is the risk?
It's a fair question. A 12% net yield in a world of 3% deposits and 2.8% savings bonds should make any serious investor pause. Here is the unvarnished answer.
The short version
Private credit yields more than public credit because (a) the underlying borrowers are riskier than blue-chip corporates, (b) the asset is illiquid relative to a listed bond, and (c) most retail investors can't access this market at all.
Kilde's job is to make sure you are paid properly for those three premia, that the structure is senior and secured, and that nothing is hidden. The 0.0% loss record since 2021 reflects how the structure has performed so far — not a guarantee that it always will.
If anyone tells you a yield this high comes with no risk, walk away. We won't.
Where the yield actually comes from
You are funding non-bank lenders in Asia and Europe — companies that lend to consumers and SMEs that traditional banks underserve. These borrowers pay 25–40% interest on their loans. After the lender's costs, capital, and risk buffer, what's left is a senior-secured 10–15% coupon to you.
Yield is real. So is the risk premium.
Why the yield holds up against inflation
Underlying loans are short-term (typically 3–24 months) and constantly re-price. When inflation rises, base rates rise, and so do the coupons on new vintage deals. You aren't locked into yesterday's yield — you re-price into prevailing rates every few months as deals mature and roll.
Short duration is a feature, not a bug.
The risks that actually matter
Three things can go wrong: (1) the borrowing lender's loan portfolio deteriorates faster than its capital absorbs; (2) macro events (FX, regulation) hit a country we lend into; (3) you can't access your capital exactly when you want it because the term hasn't matured.
These are real. They are not eliminated.
How Kilde structures around them
Every investment is senior-secured against ~1.6× collateral in diversified loan receivables, with conservative advance rates, covenants, and quarterly monitoring. You sit ahead of every other creditor. Since launch in 2021, after recoveries, principal losses to investors are 0.0%.
Track record, not promise.
How Kilde fits in your portfolio
The 10% sleeve that does the inflation-fighting
Kilde is designed to sit alongside your existing equities and public fixed income — not replace them. A common allocation for inflation-conscious accumulators in Singapore looks like this.
Indicative Allocation
Public Equity
60%
Long-term real growth. Beats inflation over 20+ years, with volatility
Public Fixed Income
30%
Liquidity and ballast. At current yields, often loses to inflation in real terms
Private Credit (Kilde)
10%
Contractual real return — meaningfully above inflation, paid monthly
Worked example: On a S$1M liquid portfolio, a 10% sleeve in Kilde is S$100,000. At our trailing 12-month net return and 3.5% inflation, that sleeve grows to roughly S$220,000 of real purchasing power in 10 years — while the equity and fixed-income allocations continue doing their separate jobs.
Why a small sleeve has outsized impact on real return?
Public equity is your long-term inflation hedge — but it pays in volatility, not contractual cash. Public fixed income gives you stability, but at current SGD yields, struggles to keep up with the cost of life in Singapore.
Adding a 10% sleeve of senior-secured private credit gives the portfolio a third leg: a contractual yield well above inflation, uncorrelated with public markets, with cash arriving monthly. That sleeve quietly does most of the inflation-fighting for the whole portfolio.
Sized at 10%, even a worst-case loss in the private credit sleeve is recoverable from the rest of the portfolio. Sized at 100%, it is not. We tell every prospective investor the same thing: diversify around us, don't replace your portfolio with us.
Nominal yield is the story. Real yield is the truth
The yield you see on a brochure is the nominal yield. The yield you actually keep, after inflation, is the real yield. Many SGD income products produce a negative real yield — and most savers never see it on a statement. Real-yield column assumes 3.5% long-term Singapore CPI.
I'd kept too much in cash and SSBs through 2021 and 2022, and watched a year of grocery prices eat into it. Moving 12% of my liquid wealth into Kilde was the first allocation in years that meaningfully beat inflation — and a real coupon lands in my account every month. The rest of the portfolio does its job; this sleeve does the inflation-fighting.
Honest answers
Equities are historically the best inflation hedge over twenty years or more — but they pay in volatility, not contractual cash. They can drop 30%+ in a recession and stay there for years. Senior-secured private credit pays a contractual coupon that meaningfully beats inflation today, with much lower drawdown risk. The two are complements, not substitutes. Most of our investors hold both.
At inflation above 12%, even Kilde's nominal yield would deliver a real return near zero. So would virtually every other income asset on the market. The structural advantage is that Kilde's underlying borrowers — non-bank lenders to consumers and SMEs — typically reset their loan pricing upward in high-inflation environments. That flows through to higher coupons on new vintage deals. You'd be re-pricing into a higher-yield market, not stuck at yesterday's coupon.
We lend to non-bank financial institutions in Asia and Europe. They lend to consumers and SMEs at 25–40% rates that traditional banks won't serve. After the borrowing lender's costs, capital, and risk buffer, what flows to Kilde investors is a senior-secured 10–15% coupon. That structure works whether inflation is 2% or 6% — because the underlying loans are short-term, secured, and re-price.
No. That figure is the trailing 12-month net return, already after Kilde's 0.5% p.a. platform fee. It is a track record, not a promise. Capital is always at risk. We publish every deal memo in full so you can see what you are funding.
A flat 0.5% per year platform fee on the invested amount. No performance fee, no entry fee, no exit fee, no hidden product spread. The 12.39% trailing 12-month return shown across the site is already net of this fee — what you see in the calculator is what reaches your account.
Investment terms run 3–36 months, with most deals concentrated under 18 months. Each deal includes scheduled early-redemption windows two to four times a year. Short terms mean the strategy re-prices into prevailing rates regularly — you're not locked into a 10-year coupon if inflation or base rates surge. This is fundamentally different from a long-dated bond.
Tickets start at SGD 100 per individual deal, but for inflation protection to be meaningful we typically see investors deploy SGD 100,000 to S$5M into the strategy. At S$100,000, a ~8.6% real return is around S$8,600 a year of real-terms growth — meaningful, and it scales linearly with size.
Every investment is senior-secured with collateral worth approximately 1.6× the loan, typically diversified consumer or SME loan receivables. You sit first in line for repayment, ahead of every other creditor. Since launch in 2021, after recoveries, Kilde has had 0.0% principal losses to investors. That is a track record, not a guarantee — capital remains at risk.
Kilde holds a Capital Markets Services licence (CMS 101016) issued by the Monetary Authority of Singapore and is an exempted financial adviser. Client funds are held in segregated trust accounts at DBS Bank — not on Kilde's own balance sheet. Were Kilde itself to fail, your assets would not be part of our estate.
Have a 30-minute conversation about your inflation gap
No registration walls, no robo-flow. Speak to a member of our private wealth team about how a private credit sleeve might cover the inflation gap in your portfolio. Or open an account directly if you'd prefer.