Lending
Mizuho Leads Kredivo Holdings’ US$270 Million Series D Fundraise
Kredivo Holdings, the parent company of Kredivo and Krom Bank Indonesia formerly known as FinAccel, announced the close of its US$270 million Series D fundraise led by Japanese global bank Mizuho Bank. The oversubscribed round was joined by Kredivo’s existing
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JIVF Partners With OpenWay to Bolster Its Suite of Credit Offerings
JACCS International Vietnam Finance Company (JIVF) announced that it will be migrating to Way4, a digital payments platform from OpenWay to bolster its suite of consumer finance products. JIVF is a member of JACCS, which was founded in Japan in
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Finastra Launches ESG Service for Lending
Financial services software and cloud solutions provider Finastra has launched its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. As a cloud-native SaaS solution that uses open APIs, it provides a high degree of flexibility to support varied
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Why Rural Banks Are Essential to the Microfinance Ecosystem of Laos
Rural banks fulfil different roles in different countries, but across the board they help to promote financial inclusion efforts to move the local population – many who have never possessed a bank account – to participate in the regional economy.
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Vietnam’s Earned Wage Access Firm GIMO Closes US$5.1 Million Series A
Vietnam-based earned wage access startup GIMO raised US$5.1 million in the first close of its Series A funding round led by TNB Aura. The round was joined by returning investors Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y
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CIMB Philippines Closes 2022 With Strong Performance in Deposits, Lending Portfolios
Digital banking services provider CIMB Bank Philippines has ended the year 2022 with a strong performance on both its deposits and lending portfolios. CIMB Bank PH reached its all-time high cash-in transaction value of PHP 128 billion in 2022, 68%
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IFC Invests US$100M in Vietnamese Bank to Expand Access to Home Loans
The International Finance Corporation (IFC) has invested US$100 million investment in Joint Stock Commercial Bank Southeast Asia (SeABank) in a push to create greater access to home loans in Vietnam. With this investment, SeABank is expected to at least double
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CrediLinq.Ai Raises Seed Extension Round to Fuel Growth
CrediLinq.Ai, a Singaporean fintech enabling B2B online financing and payments, announced that it has raised an undisclosed sum during the extension of its seed funding round. The round was joined by MS&AD Ventures, Big Sky Capital, and existing investors 1982
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Thai Lender MONIX Raises US$20 Million Ahead of IPO Plans
MONIX, a Bangkok-based AI-powered digital lending platform, announced that it has secured US$20 million in the first close of its pre-IPO fundraising. The new funds raised brings its total funds raised to US$40 million. The investment was led by Siam
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Brunei’s Baiduri Bank Taps finbots.ai for AI-Powered Credit Scoring
Brunei’s Baiduri Bank has selected finbots.ai, an AI-powered credit scoring software provider backed by Accel, to accelerate the bank’s financial inclusion drive for the underserved credit market. By adopting finbots’ AI credit modelling solution, creditX, Baiduri Bank will be able
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