Lending

Y-Combinator Backed Aspire Raises US$32.5 Million to Help SMEs Secure Working Capital

Y Combinator-backed Aspire announced today a US$32.5 million raise. Aspire is currently operating across Thailand, Indonesia, Singapore and Vietnam. Leveraging on 3rd party financial service providers the company claims to provide SMEs with a 60-day, interest free credit line of

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Grab’s New Investor Could Be The Missing Piece To Help it Reach Underbanked Asian Markets

Experian, a globally-known information services company, has invested into Grab and is now another notch into the ride-hailing platform’s quest to US$6.5 billion in an ongoing Series H by the end of 2019. Experian’s investment value has not been disclosed.

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Indonesian P2P Lender Koinworks Raises SGD$ 16.5 Million in Series B Round

KoinWorks, one of Indonesia’s key players in the peer-to-peer (P2P) lending space, OJK, today announced its Series B fundraise of S$16.5 million (IDR 170 billion). Prior to this funding round, Koinworks was seated firmly among the 10 top funded fintech

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Fintech CEO Pitch: We Challenged Turnkey Lender with 8 Questions

We recently interviewed Dmitry Voronenko, the CEO and Founder of Turnkey Lender, a Singapore based Lending Software provider. This is our first ever Fintech CEO Pitch series. A challenge for Fintech CEOs who think they have what it takes to

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Philippines’ Digital Lenders Pledge to Weed Out Predatory Behaviour

Members of the FinTech Alliance.ph have agreed to adopt a code of conduct for responsible online lending. This was after 48 online lenders have been cited for alleged unethical collection practices leading to data privacy violation. Over 400 harassment complaints

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Singaporean Personal Loan Startup Helps to Fill up Tedious Application Loans for You

As part of a pilot by the Ministry of Law, a Singaporean fintech startup Credit Culture has just launched its cloud-based loan platform, the first pilot licensee to launch its platform for customers. Based on the Amazon Web Services (AWS)

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An Indonesian Plot Twist: Fintech Akulaku Buys Stake into a Bank

Alibaba-backed Akulaku is the top funded fintech startups in Indonesia, and now a shareholder of a local bank as reported by Katadata. Akulaku reportedly made an Rp 500 billion (approximately SG$48 million) stake into PT Bank Yudha Bhakti Tbk (BBYB),

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Finaxar Wins the Visa Everywhere Initiative with its Financing Solution

Visa announced Finaxar as the winner of the Visa Everywhere Initiative (VEI) 2019 during the Singapore finals. Finaxar is perhaps best known for partnering with Lazada to offer financing for its merchants. It was chosen from a group of ten

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Vietnam’s Deputy Prime Minister Says It Will Be Piloting P2P Lending Soon

Deputy Prime Minister Vuong Dinh Hue announced during a ministerial meeting recently that the Vietnamese government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending before officially developing a regulatory framework for the new fundraising

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Grab Launches “Buy Now Pay Later” and an Online Store Checkout Plugin

During Money 20/20 today, Grab made a few announcements along the fintech vertical, focusing particularly on areas that have historically proven to show high potential in the SEA region. Two of those efforts, like SME micro-loans and insurtech is already known

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