Lending

China’s Fintech Giant Enters Singapore, Offers Robo Advisory Services

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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After Temasek Investment, P2P Lender Validus Surpasses $100 Mil In Funding

Validus, co-founded by former DBS Bank SME head Ajit Raikar is a peer-to-peer (P2P) lending platform that helps connect Singapore’s small and medium enterprises (SMEs) to accredited investors and financial institutions. Just recently, they announced that they have facilitated over

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Validus And Lighthouse Canton Launch a S$ 20 Million SME Singapore Financing Fund

Validus Capital and Lighthouse Canton Group today launched the LCV Trade Finance Fund of initial asset size S$20 million (to scale up to S$200 million) dedicated towards financing SMEs in Singapore. Validus is a Singapore-based MAS-licensed entity focused on bridging

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P2P Lending Platforms in Philippines Rising

As majority of the Philippine population remains to be unserved and underserved by banks, the launching of digital peer-to-peer (P2P) lending platforms in the country have been consistent for the last four years. The P2P method is touted as a

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