Lending
Dennis Martin Joins ADVANCE.AI as Credit Reporting CEO
ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has announced the appointment of Dennis Martin as the CEO of its credit reporting business. Martin will be based in Singapore where the startup is headquartered.
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Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims
Indonesian lender Investree‘s co-founder and CEO Adrian A Gunadi has tendered his resignation, effective 31 January 2024. This move comes amid allegations of misconduct and various challenges faced by the company, as reported by DealStreetAsia. Gunadi’s resignation letter, a copy
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Trust Bank Upgrades Loan Service With 60-Second Approvals, Flexi Repayments
Singapore’s digital bank Trust has upgraded its Instant Loan service, enabling existing credit cardholders to secure loans in about 60 seconds through a three-click process in the app. Since its launch last July, the Trust Instant Loan has incorporated customer
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Validus Raises US$10 Million in Debt Funding from Lendable
Southeast Asian SME financing platform Validus has secured US$10 million in debt financing from debt finance provider Lendable. According to Lendable, the investment was made as it “recognises Validus’s potential in fulfilling the region’s SME financing needs through its innovative
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Olympian Bryan Tay Dives into Fintech, Named Lendela’s Singapore Country Head
Lendela, a Singapore-based fintech firm specialising in loan matchmaking, announced the appointment of Bryan Tay, a former national swimmer and Olympian, as its new Singapore Country Head. Tay will be responsible for managing the company’s business relationships with both bank
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JULO Steps up Digital Loans with Embedded Device Protection Insurance
JULO, an Indonesian fintech offering digital peer-to-peer lending, announced that it has launched ‘JULO Cares’, an embedded insurance coverage. This new offering, backed by global general insurer Sompo, provides device protection for users availing of JULO’s digital credit services. Throughout
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MUFG Pumps US$100M into Home Credit Indonesia for Sustainable Financing
Home Credit, an Indonesian consumer finance company, has secured an investment of US$100 million from Mitsubishi UFJ Financial Group’s (MUFG) division in the country, according to a report by Tech in Asia. This new capital injection will be strategically allocated
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BNPL Profitability Remains Elusive Despite Rising Adoption
Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for them in monthly installments, are growing strongly around the world, picking up steam among both customers and merchants. But despite
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Paywatch Eyes Expansion in Thailand and Vietnam for 2024
Paywatch, an earned wage access (EWA) provider, announced that it has officially expanded its services into Indonesia following its Philippines’ launch in October this year The firm revealed that it had recently partnered with an unnamed local banking partner to
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Validus Accelerates Expansion With US$20M Funding From 01Fintech
Southeast Asian SME financing platform Validus has secured a US$20 million investment from growth-stage private equity firm 01Fintech. Validus will use the fresh funds to accelerate its expansion plans in fast-growing markets like Indonesia as well as enhance its technology
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