Fintech Singapore | Lending Archives

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Leverage Third-Party Data to Prevent Fraud and Decrease Defaults

In areas where a majority of applicants lack traditional credit scores, fintech companies typically base their lending decisions on information they collect directly from the applicants. Fintech firms find this challenging as the data is frequently insufficient for preventing fraud

Lending

StanChart Makes Largest Fintech Investment of US$500 Million in Atome in BNPL Play

Standard Chartered plans to provide US$500 million in financing to Atome Financial, the parent company of Buy Now, Pay Later (BNPL) firm Atome, as part of 10-year multi-product strategic partnership. The bank said this financing is its largest strategic investment

Indonesia Lending

Buy Now, Pay Later Adoption Takes off in Indonesia

Buy now, pay later (BNPL), also referred to as paylater, has become one of the most popular payment options in Indonesia. After digital money (82.2%), it’s the second most used fintech product in the country, recording a penetration rate of

Lending

Funding Societies Raises US$18 Million in Debt Financing

Funding Societies, Southeast Asian SME digital financing platform, announced that it has raised US$18 million in debt financing led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and an unnamed Japanese

Lending

MAS Says BNPL Does Not Pose Significant Risk at This Stage

Buy Now, Pay Later (BNPL) schemes do not pose a “significant risk” to household indebtedness as they are not yet widely used relative to other payment methods, according to a Parliamentary reply yesterday. The popularity of the BNPL scheme has

Funding Indonesia Lending

FinAccel Raises Additional US$125 Million PIPE Investment Ahead of IPO Plans

FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, announced that three of its existing investors has joined its PIPE deal which is in excess of US$125 million. The investors in the PIPE deal are MDI Ventures,

Funding Lending Thailand

Siam Commercial Bank’s Spin-off SCB Abacus Closes US$12 Million Series A

SCB Abacus, an alternative digital lending platform in Thailand, has raised US$12 million in an oversubscribed Series A funding round. The firm, a fintech spin-off from the Siam Commercial Bank, has a flagship digital lending application “MoneyThunder” offering micro loans

Lending

HSBC, Temasek Launches US$150 Million Debt Financing Platform for Sustainable Projects

HSBC and Temasek announced a partnership to establish a US$150 million debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change. In a joint statement, both entities

Indonesia Lending Vietnam

Indonesian BNPL Kredivo Begins SE Asian Expansion Plans with Vietnamese Launch

Kredivo, an Indonesian Buy Now, Pay Later (BNPL) platform, announced its expansion into Vietnam through a joint venture with Phoenix Holding, a family investment company based in the country. This move comes on the heels of the announcement by FinAccel,

Indonesia Lending

Indonesian P2P Lender Ringan Deploys OneConnect’s Digital Lending Solutions

Peer-to-peer lending app Ringan, deploys a suite of digital lending solutions built by OneConnect Financial Technology, an associate of Ping An Group, to provide Indonesians a seamless and secure loan application experience. The digital solutions automate and simplify Ringan’s loan