Lending

The “Hen and Egg” Issue With all Online-Lending Startups in Asia

Online-lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online-lending businesses and personal financial

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3 Alternative Ways for Singapore SMEs to Get Funding

Singapore’s economy faced strong headwinds in 2016 and most key business indicators and economists have expressed pessimism for 2017. The Singapore economy is “in for a tough period that will last for a while,” said deputy prime minister Tharman Shanmugaratnam in

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Peer-to-Peer Lending in Vietnam

Access to and use of formal financial services is low in Vietnam compared with other countries in the region, with only 31% of all adults having formal bank accounts in 2014, according to the World Bank. 14.6% percent of Vietnamese

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Singapore P2B Invoice Financing Platform SmartFunding Secures Seed Funding

SmartFunding, a platform that provides small and medium businesses (SMEs) alternative financing solutions, secures SG$700,000 in seed funding. The Peer-to-Business invoice financing platform bridges the SME funding gap by allowing SMEs to sell their yet-to-be-paid invoices to investors who want

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MAS Awards a Full CMS Licence to MoolahSense

MoolahSense is the first marketplace lending platform to be granted a full Capital Markets Services (CMS) licence by the Monetary Authority of Singapore. The CMS licence for “Dealing in Securities” was issued today. This marks a milestone in the development

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Malaysia: 6 Liscences for Peer-to-Peer Financing Operators

Securities Commission Malaysia (SC) introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and

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Unqualified P2P Chinese Platforms Under New Policy

The China Banking Regulatory Commission (CBRC) on 24th August officially released “Interim Measures for Administration of Peer-to-Peer Lending Information Intermediaries” (hereafter referred to as “Measures”). An information intermediary rather than a financial institution defines a P2P lending institution or platform.

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Chaos Among Chinese School Students Taking Out Unregulated Loans

While China’s Banking Regulatory Commission (CBRC) doesn’t allow banks to issue credit cards to college students below 18, they tend to find alternative methods of paying their studying loans, like “naked” loans through P2P lending platforms. There have even been

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New Fintech Startup for the Philippines: Launch of Leverage.ph – Loans, Investments and Financial Strategies For Small Businesses

MicroGroup Lending Corporation, a leading lending institution, has embarked on a joint venture with Incubix Technologies in order to provide Leverage.ph that is set to improve the financing industry for small businesses. MicroGroup will provide financial expertise and insights for

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First Singapore SME Lending Platform to Provide Investor Protection

Validus Capital, an SME lending platform, has announced it will be the first platform in Singapore to provide investor protection for their invoice financing loans. Partnering with insurance provider, EQ Insurance, Validus Capital will join the ranks of China’s Lufax in Asia, which

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