Lending

Indonesian P2P Lender Amartha Secures US$ 28 Million From Women’s World Banking

Amartha, a P2P lending platform in Indonesia, received new funding worth US$ 28 million (IDR 405 billion) led by Women’s World Banking Capital Partners II (WWB) and MDI Ventures. WWB Capital Partners II is the second gender lens investment fund

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Atome Ties up with FOMO Pay to Expand BNPL Acceptance Across Asia

FOMO Pay, a QR payments provider, announced a partnership with Atome that will expand seamless Buy Now, Pay Later (BNPL) acceptance across thousands of online and offline retail businesses in Singapore and across Asia. Atome’s platform has over 3,000 online

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Hoolah Selects Perx for Personalised, Gamification-Based BNPL Platform

Perx Technologies, a SaaS lifestyle marketing platform provider, announced its partnership with Buy Now, Pay Later (BNPL) platform hoolah to offer engaging in-app customer experiences. Launched in February 2018, Singapore-headquartered hoolah offers merchants a BNPL platform with a seamless, gamification-based

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Atome Financial Acquires Indonesian Financing Firm

Atome Financial, the parent company of Buy Now, Pay Later (BNPL) firm Atome, has completed its acquisition of local financing company PT Mega Finadana Finance in Indonesia. Details of the acquisition was not disclosed. The acquisition will allow Atome Financial

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BNPL Platform Fundiin Secures Funding for Vietnamese Market Expansion

Fundiin, a Vietnamese Buy Now, Pay Later (BNPL) platform, has raised an undisclosed sum during its venture funding round led by 1982 Ventures and Zone Startups Ventures. This round of funding will allow Fundiin to expand their early lead in

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STACS Teams up With Bluecell for Blockchain-Powered Green Loans

Bluecell and Hashstacs (STACS) announced a new collaboration to offer green and sustainability-linked loans though GreenSTACS, which runs on top of latter’s patent-pending blockchain technology. Bluecell will connect its live end-to-end loans matching engine integrated with MyInfo, to STACS’ sustainability-enabling

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Validus’ Indonesian Arm Batumbu Granted Digital Lending License From OJK

Validus’ Indonesian subsidary Batumbu has received regulatory approval to operate as a licensed digital financing platform from the Indonesian Financial Services Authority (OJK). Since the launch of its operations in 2019, Batumbu said that it has disbursed over S$207 million

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Traveloka Plans to Launch BNPL Services in Thailand and Vietnam

South East Asian online travel startup Traveloka announced plans to launch buy now, pay later services in Thailand and Vietnam to its 40 million active monthly users. Traveloka’s president said in an interview to Reuters that the startup had recently partnered

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6 Key Players in Asia’s Buy Now Pay Later (BNPL) Battleground

‘Buy now, pay later’ (BNPL) adoption is set to grow exponentially in the coming years with Asia Pacific (APAC) being the key driver. A study by Coherent Market Insights estimates that the global BNPL was valued at US$7.3 billion in 2019,

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Funding Societies Crosses the S$2 Billion Mark in SME Loan Disbursals

Funding Societies, a Southeast Asian SME digital financing platform, announced that it has made S$2 billion in disbursals of business financing to small and medium sized enterprises (SME) across the region as it enters its sixth year of operations. Funding

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