Lending
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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10 Fintechs That Are Transforming SME Lending
Small and medium enterprises (SMEs) are innovative, agile and drive competition. However, they’re often shuffled to the back of the line when it comes to accessing credit. Lending to SMEs can be risky and time-consuming. Traditional financial institutions often require
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Vietnam’s SMEs Get a Boost from Digital Lending
Even as much of the world experienced recessionary economic winds, the Vietnamese economy continued to be robust, even recording growth out of a dour 2022. Part of that resurgence in Vietnam was a strong import-export boom, and now positive digital
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4 Tips to Pay Off Your Debt Without Being Overwhelmed
Are you struggling to pay off your student debt loans amid rising interest rates and increasing financial insecurity? Paying off debt can prove overwhelmingly stressful, especially if you spend uncontrollably and struggle to control your urges. Millions of Americans struggle
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Indonesian Fintech Komunal Bags US$8.5M in Fundraise Led by East Ventures
Indonesian fintech firm Komunal announced that it has raised US$ 8.5 million in a funding round led by venture capital firm East Ventures. This funding round is also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and
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Digital Lending in Southeast Asia is Key to Solving Its Underbanked Challenge
Digital lending in Southeast Asia is a key contributing factor to advancing financial inclusion for both individual and business users, oftentimes arising as the last resort to secure much-needed financing, according to a new report by the Cambridge Centre for
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Earned Wage Access Firm wagely Enables In-App Bill Payments
wagely, an Indonesian earned wage access firm, announced that it has enabled a bill payments feature for its users. Employees of wagely’s partners can now top-up Perusahaan Listrik Negara (PLN) electricity tokens and mobile phone balances. They will also be
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Indonesia Expected to be South East Asia’s Biggest BNPL Market by 2025
BNPL has become a popular payment option in Indonesia due to its convenience and flexibility. With relatively low financial inclusion and even lower credit card penetration, BNPL offers the Indonesian public an alternative to pay a lower upfront amount for
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Validus Secures Funding for Its Series C-1 Fundraise
Southeast Asian SME financing platform Validus today announced that it has raised its Series C-1 funding round. Details of the fundraise was not disclosed. New investors joining the round include NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte
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