Lending

6 Proudly Singaporean Companies in KPMG’s Fintech100 This Year

The 5th iteration of KPMG’s annual Fintech 100 list has come out recently, in a bid to highlight dynamic fintechs from around the world that are doing something right in the financial services industry, be it digital payments, lending, insurtech,

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P2P Lending Activity Accelerates in Vietnam

Peer-to-peer (P2P) lending is becoming increasingly popular in Vietnam with new players entering the market and regulators moving forward with creating a favorable environment. In September, a new company called Megalend Viet Nam Investment and Trading Corporation made its debut

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PH Fintech Startup First Circle Raises $26m, Launches Credit Facility For SMEs

Philippine-based fintech startup First Circle has raised fresh investments of $26 million (P1.5 billion) in a Series A round led by Venturra Capital even as it launched a new credit facility backed by the Department of Trade and Industry (DTI),

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China’s Fintech Giant Enters Singapore, Offers Online Wealth Management

After setting up base in Singapore end of last year, Lu International, a Singapore-based subsidiary of China’s Lufax, launches their first product—a wealth management platform. Lufax was set up in 2011 by Ping An Insurance Group, a diversified holdings company

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P2P Lending Faces Challenges Ahead

The emergence of fintech has driven the introduction of new business models, including peer-to-peer (P2P) lending, a sector that’s grown in popularity around the world for its ability to fill the void left by traditional lenders. Alternative marketplace lending or

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Indonesia Gets Yet Another Mobile Lending Startup Backed by Hong Kong’s WeLab

Astra International, through a subsidiary and China-based lending company WeLab has just banded together to launch a joint venture in Indonesia focused on the nascent and still lucrative lending scene. Named AWDA (PT Astra WeLab Digital Arta), the joint venture

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Why Go-Jek Got Its Eye (and Business) on Peer-To-Peer Lending in Indonesia

Go-Jek, Indonesia’s unicorn darling just announced that they will be partnering with peer-to-peer (P2P) lending firms Findaya, Dana Cita and Aktivaku.to which marks them as yet another ride-hailing giant dabbling in financial services. The company’s decision to join the lending

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P2P Lending in Australia and New Zealand

Since the arrival of peer-to-peer (P2P) lending in Australia and New Zealand, in 2012 and 2014 respectively, the practice has become more and more popular.   P2P lending in Australia The Australian Securities and Investments Commission (ASIC) reported a total

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P2P Lending on the Rise in India

Peer-to-peer (P2P) lending in India is set to grow into a US$5 billion industry by 2023 as alternative finance continues to fill the void left by banks. The Economic Survey 2017-18 tabled in the Parliament in January show that small

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Turnkey Lender Collaborates With Hewlett Packard To Offer Improved Lending Solutions

Cloud-based lending software provider Turnkey Lender have announced that it will collaborate with Hewlett Packard Enterprise to offer its software on HPE ProLiant for Microsoft Azure stack, a hybrid cloud platform. The announcement builds on the success of an initial

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