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A Fintech Which Built Mongolia’s Largest Non-Bank Lender Graduates from Techstars Class

Rakuten and Techstars showcase the achievements of the ten startups participating in Rakuten Accelerator, powered by Techstars, at the Rakuten Accelerator Demo Day.

The startups, who come from nine countries and regions, will pitch their business to hundreds of top VCs, founders and startup community leaders at the National Museum of Singapore, the first time a Techstars demo day has been held in Southeast Asia.

Over the past 13 weeks, the startups have leveraged resources from across the Rakuten Ecosystem, including Rakuten Viber’s messaging and voice platform, and Techstars network to rapidly develop their products and business strategy around this year’s theme of “Messaging as a Platform”.

Today 10 companies will share the stories of their success while engaging potential investors, partners and clients from the industry.

View the live stream for the Rakuten Accelerator on Facebook live from 3pm (SGT) with company pitches from 3:45pm to 5:30pm (SGT).

Standout achievements from a Fintech startup over the past 13 weeks include:

AND Global: The Singaporean fintech which has built Mongolia’s largest non-bank lender is launching in the Philippines following the acquisition of a local bank (pending regulatory approval), and expects to issue 10,000 consumer loans within the next few months.

“AND Global” has also launched a pilot project with Rakuten Viber to offer microloans and money transfer services through its messaging app to customers based in Mongolia, using its proprietary and AI-powered finance platform.

Other companies graduating the Rakuten Accelerator have also experienced breakthroughs and significant growth, including the Philippines payment platform JazzyPay