Xcelerate, a Singapore-based Environmental, Social, Governance, Risk, and Compliance (ESGRC) platform, announced that it has secured a debt funding arrangement of up to $52 million from Orion Capital Asia. The funds will be utilized to refinance existing debt and support Xcelerate's inorganic growth strategy, facilitating further consolidation of its businesses across the Asia-Pacific (APAC) region, the UK, and Australia.

Madhujeet Chimni, Co-Founder of Xcelerate, expressed satisfaction with the partnership, noting Orion Capital Asia's strong alignment with Xcelerate's business model and strategic initiatives. “In Orion Capital Asia, we found a partner who is fully appreciative of our business model, supportive of our initiatives, and solutions-oriented”, Chimni stated.

In April, Xcelerate expanded into the Stakeholder and Sustainability Reporting and Advisory segment by acquiring a strategic equity stake in Stirrup Communication Consultants. This move aims to broaden its scope into ESG advisory and assurance services.

Shishir Jain, Managing Partner of Orion Capital Asia, highlighted that the growth capital will enable Xcelerate to bolster its leadership position in the ESGRC space.

Last month, Xcelerate also acquired an equity stake in Gieom Business Solutions, a provider of Generative AI-powered regulatory technology (regtech) solutions. Gieom specializes in standard operating procedure (SOP) and policy management, operational risk and resilience, and digital identity verification, serving approximately 125 banking, financial services, and insurance (BFSI) clients across Europe, the Middle East, and India.