Lending

IFC Acquires Stake in Collectius To Launch US$60M Investment Platform

Collectius, a credit management servicing company, will launch a US$60 million regional investment platform with IFC, a member of the World Bank Group who has also become a minority equity shareholder in the company. The platform is solely dedicated to

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hoolah Launches Buy Now Pay Later Solution for Physical Stores in Singapore

Singapore-based hoolah extended Buy Now Pay Later to an in-store solution that offers consumers the option of completing their purchases in three separate 0% interest monthly payments. This solution helps merchants solve some of their biggest challenges around driving conversion

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Funding Societies Appoints Ex-GoBear Co-Founder as CFO

P2P financing platform Funding Societies, announced today, key additions to its executive team including former GoBear Co-Founder, Frank Stevenaar as its first Chief Financial Officer. Frank will be overseeing Funding Societies’ finance operations, boosting its fundraising efforts, and strengthening its

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Credit Suisse-Backed Tradeplus24 Partners in Australia for SME Loan Offering

Credit Suisse-backed and SME focused fintech Tradeplus24, has joined the Australian Finance Group’s panel of finance providers to offer its loan product. AFG is an Australian mortgage broking group, with 2,975 finance brokers that work with close to 7,500 Australians

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Grab Expands Suite of Financial Product to Include Micro-Investment Platform

Grab Financial Group (GFG), the fintech arm of Grab today announced the launch of a suite of financial products. The three main products GFG is launching under their new strategy dubbed as ‘Thrive with Grab’ are a micro-investment platform named

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OVO’s P2P Lending Arm Taralite Secures License from Indonesia Financial Services Authority

OVO , a leading payments and financial services app in Indonesia, announced that its lending arm, Taralite, a peer-to-peer (p2p) lending services provider, has obtained a business license from the Indonesia Financial Services Authority (OJK). This decree elevates Taralite from

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AsiaCollect Completes US$ 6M Series Funding; Rebrands to Flow

Previously known as AsiaCollect, Flow, the credit management company announced today its Series A funding of US$6 million. The round is led by global institutional investors DEG, a development finance institution and a subsidiary of KfW Group of Germany; Dymon

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P2P Lender Validus Raises US$20 Million in Series B+ Round Led by Vertex Growth

Validus, a SME financing platform that is also present in Indonesia (Batumbu) and Vietnam (Validus Vietnam), has successfully raised over US$14 million, with US$20 million in committed capital in its ongoing Series B+ funding round co-led by Vertex Growth Fund

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Ex-Skype Co-Founder Bags Yet Another US$ 50 Million For His Lending Startup to Expand into Vietnam

Oriente, a lending startup headquarted in Hong Kong and operating in the Philippines (via Cashalo) and Indonesia (via Finmas), announced today that they have secured a fresh capital injection of approximately $50 million in its on-going Series B funding round. Dr.

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MAS Launches New Facility at 0.1% Interest Rats to Help Banks Lower Cost of Loans to SMEs

The Monetary Authority of Singapore (MAS) has launched the MAS SGD Facility for ESG Loans (the Facility) in partnership with Enterprise Singapore (ESG), to lend Singapore Dollars (SGD) at an interest rate of 0.1% per annum to eligible financial institutions,

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