Lending

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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New Singapore Lending Player: Helicap Funded by Former Minister of State

Helicap, a FinTech start-up operating in the fast-growing alternative lending space in South-East Asia and Australia, announced that it has successfully closed US$1.5 million in seed money. The round is led by Singapore’s former Minister of State and the Chairman

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Lendr Records Double Digit Growth in Philippines, Over $500 Million Loans Disbursed

FintQ the financial technology arm of Voyager Innovation, projects that loans processed through digital platforms will grow faster as more borrowers find it convenient and lending companies benefit from lower costs. This statement was made on the back of loan

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