Lending

Funding Societies Secures US$27 Million Debt Financing

Funding Societies | Modalku, an SME digital financing platform in Southeast Asia, has raised US$27 million in debt financing. The debt fundraise was led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP) and sustainability-focused

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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap

Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact

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Episode Six Launches Business Now, Pay Later to Help Banks Meet SMEs’ Needs

Episode Six (E6), a global provider of payment processing and banking infrastructure, announced the launch of its ‘Business Now, Pay Later’ offering. This solution enables commercial banks to offer installment loans to businesses at any point in their buying journey,

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KASIKORNBANK in Talks to Buy Home Credit Vietnam for US$1B

Thailand’s KASIKORNBANK (KBank) is reportedly mulling the acquisition of consumer finance provider Home Credit Vietnam for up to US$1 billion, according to a Reuters report citing two sources. The bank has spoken with financial advisors, however, a final decision has

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Validus Names Vineet Agarwal as New Singapore CEO

Southeast Asian SME financing platform Validus announced that it had named Vineet Agarwal as CEO of Validus Capital in Singapore, effective 1 August 2023. He succeeds Jayanta Roy who is retiring. Vineet joined Validus in January 2022, where he led

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Vietnam’s Earned Wage Access Firm GIMO Raises US$17.1M to Fuel Expansion

Vietnam-based earned wage access startup GIMO announced that it has closed its US$17.1 million Series A funding round five months after the company secured US$5.1 million in the first close. The final closing comprised both equity and debt financing. The

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Key Features of a Robust Microfinance Software

Microfinance lending software is a powerful and specialized tool that supports lenders in effectively managing their microfinance operations. With a focus on simplifying the lending process and addressing the specific requirements of borrowers, this software provides a variety of critical

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Opn Offers Flexible Payments in Malaysia, Singapore With Atome Partnership

Opn, formerly known as Synqa and Omise, announced that its online payment platform has started offering flexible payments in Malaysia and Singapore through a partnership with Buy Now Pay Later (BNPL) firm Atome. Retailers utilising Opn Payments can tap into

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StanChart and Atome Form First-Of-Its-Kind Lender of Record Partnership

Standard Chartered announced that it has formed the first-of-its-kind Lender of Record partnership in Singapore with buy now, pay later (BNPL) firm Atome to co-create and offer a wide suite of mobile-first consumer payment solutions and financial services. This is

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EWA Firm Paywatch Expands to Indonesia With Bank KB Bukopin Partnership

Earned Wage Access (EWA) service provider Paywatch has expanded its footprint to Indonesia with a partnership with Indonesia’s Bank KB Bukopin. The firm joins the growing EWA landscape in Indonesia with its rivals GajiGesa and Wagely. Paywatch is one of

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