Lending

Indonesian Lender Investree Set to Acquire 18.4% Stake in Bank Amar

Investree, an Indonesian B2B marketplace lending platform for Micro, Small and Medium Enterprises (MSMEs), is set to acquire an 18.4% minority stake in PT Bank Amar Indonesia, a licensed commercial bank with the backing of Singaporean conglomerate Tolaram. By acquiring

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YouTrip Rolls Out New Corporate Card With Credit Facility for SMEs

Singapore’s neobank YouTrip announced that it has launched its new corporate card “YouBiz” that is powered by Mastercard for SMEs. YouBiz enables SMEs to generate physical and unlimited virtual cards for payments in over 150 currencies at more than 80

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Funding Societies Officially Launches in Vietnam, Marking Its 5th Market Expansion

Southeast Asian SME digital financing platform Funding Societies has officially launched in Vietnam today, marking its fifth market expansion. Since its soft launch in Vietnam in December 2021, Funding Societies has already achieved over US$20 million in disbursements, and it

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Vietnamese Fintech Trusting Social Bags US$ 65 Million Investment From Masan Group

Trusting Social, a Vietnam-based AI-powered credit scoring platform, announced that it has secured US$ 65 million for the initial close of its Series C funding round from The Sherpa Company, a subsidiary of Masan Group. According to DealStreetAsia, Masan now

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Funding Societies Makes Co-investment in Indonesia’s Bank Index

Funding Societies, Southeast Asian SME digital financing platform also known as Modalku in Indonesia, announced its investment into Indonesia’s Bank Index alongside Carro, a Southeast Asian automotive marketplace platform. This move signals Funding Societies’ entry into the neobanking space. With

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Deloitte and Mambu Releases Guide on Five Steps for BNPL Success

Deloitte and cloud banking platform Mambu have identified the five steps merchants and fintechs need to embrace to build a successful Buy Now Pay Later (BNPL) offering. This is part of a new report exploring the implications of the fast-growing

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Pine Labs Snaps up Majority Stake in Payment Solutions Firm Mosambee

Pine Labs, an Indian merchant commerce platform, announced that it has made a significant majority investment into Mosambee, a local and fast-growing end-to-end payment solution provider. This investment by Pine Labs will now value Mosambee at upwards of US$ 100

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Indonesian Digital Lender JULO Bags US$80 Million Funding From Credit Saison

Indonesian digital lender JULO announced that it has secured US$80 million funding from Credit Saison, a Japanese financial services company affiliated to Mizuho Financial Group. This funding includes a mix of US$30 million in equity and US$50 million in debt

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Funding Societies Enables MSMEs Applying for Loans to “Sign With Singpass”

Southeast Asian SME digital financing platform Funding Societies announced that it has partnered Dedoco, a decentralised digital document and workflow management platform, to enable micro, small and medium enterprises (MSMEs) in Singapore to sign loan contracts via the country’s digital

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Is India Set to Become the Largest BNPL Market in the World Within 5 Years?

Rising demand for access to credit, a progressive regulatory landscape, and a massive addressable population are setting the foundation for India to become the largest market for buy now, pay later (BNPL). This will further be propelled by the meteoric

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