Lending
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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hoolah Welcomes MAS’ Decision to Review Buy Now Pay Later Schemes
Singaporean buy now, pay later (BNPL) platform hoolah issued a statement welcoming the decision of the Monetary Authority of Singapore to review the sector over growing concerns for consumers’ financial welfare. The Singaporean regulator had previously stated that it would be
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Funding Societies Notched up Its 4th Market With Thailand Expansion
Funding Societies, Southeast Asian SME digital financing platform, has launched in Thailand and will operate under the debt-crowdfunding license given by Thailand’s Securities and Exchange Commission. This expansion comes after more than one year of working with Thai regulators and
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Validus’ Thai Entity Secures Crowdfunding License From Local Regulator
SME crowdfunding platform Siam Validus has been granted a debenture crowdfunding license by the Securities and Exchange Commission of Thailand (SEC). Siam Validus is a joint venture between Singaporean SME financing platform Validus and SCG Distribution, a Thailand company focused
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MAS Mulls Regulating BNPL Schemes Amidst Concern of Rising Consumer Debt
Amidst the popularity of buy now, pay later (BNPL) solutions, the Monetary Authority of Singapore (MAS) has raised growing concerns over consumers being trapped in unseen debt leading to potential financial difficulties. The boom in the BNPL solutions have prompted
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Validus Partners Proptech Startup Really Singapore to Offer Collateral-Free Loans for SMEs
Really Singapore, a proptech startup specialising in a full suite cloud-based data-driven property management software solution, and Validus, a Singaporean SME financing platform, have partnered to enable pre-approved working capital for SMEs providing products and services to property owners with
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Competition Heats up in Southeast Asia’s Buy Now Pay Later Market
In Southeast Asia, buy now pay later (BNPL) is becoming an increasingly popular way for shoppers to pay for purchases and players including Grab, GoJek, Razer and Oriente have all jumped at the opportunity. BNPL allows customers to make purchases
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Grab Ties up With Citi to Offer in-App Loans
Citi and Grab, South East Asia’s super app, have expanded their partnership in consumer lending with the launch of the bank’s first API-enabled lending capability in Asia Pacific. Beginning with Singapore with more markets in the region to follow, existing
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