Lending
MatchMove Acquires a Stake in Local P2P Lender MoolahSense to Power SME Lending
MatchMove, a ‘Bank-As-A-Service’ platform has closed an agreement with licensed P2P lender, MoolahSense, to acquire a strategic stake with immediate effect. MoolahSense is a data-driven peer-to-peer lending platforms focused on SME lending, and operates under a Capital Markets Services (CMS)
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Philippines’ Regulators Voice Support for Industry Driven TechnoEthics for Digital Lending
Members of FinTechAlliance.ph, an organization of fintech and digital firms have agreed to institutionalize an industry-wide code of ethics and adopt a code of conduct among its Alliance member-companies for responsible online lending. This comes after three online lenders were
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Indonesia-Based Lending Fintech Raises US$ 24 Million in Gobi Partners Led Round
Indonesia based SuperAtom has closed its latest funding round of US$24 million. The round was led by Gobi Partners through the Meranti ASEAN Growth Fund with NYSE-listed Cheetah Mobile as a co-investor. Founded in 2018, SuperAtom is a startup incubated
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Kredivo Closes up to US$20m Credit Line with Partners for Growth
Jakarta-headquartered Kredivo, a digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a venture debt firm in the U.S. and Australia, announced today the closing of a debt line of up to US$20m to
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Fintech Lending to Drive Indonesia’s Economic Growth
As the world’s fourth most populous country in the world, with more than 60% of its population of working age, Indonesia has unique economic potential. However, one of the key elements needed for the country to reach its full economic
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Y-Combinator Backed Aspire Raises US$32.5 Million to Help SMEs Secure Working Capital
Y Combinator-backed Aspire announced today a US$32.5 million raise. Aspire is currently operating across Thailand, Indonesia, Singapore and Vietnam. Leveraging on 3rd party financial service providers the company claims to provide SMEs with a 60-day, interest free credit line of
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Grab’s New Investor Could Be The Missing Piece To Help it Reach Underbanked Asian Markets
Experian, a globally-known information services company, has invested into Grab and is now another notch into the ride-hailing platform’s quest to US$6.5 billion in an ongoing Series H by the end of 2019. Experian’s investment value has not been disclosed.
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Indonesian P2P Lender Koinworks Raises SGD$ 16.5 Million in Series B Round
KoinWorks, one of Indonesia’s key players in the peer-to-peer (P2P) lending space, OJK, today announced its Series B fundraise of S$16.5 million (IDR 170 billion). Prior to this funding round, Koinworks was seated firmly among the 10 top funded fintech
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Fintech CEO Pitch: We Challenged Turnkey Lender with 8 Questions
We recently interviewed Dmitry Voronenko, the CEO and Founder of Turnkey Lender, a Singapore based Lending Software provider. This is our first ever Fintech CEO Pitch series. A challenge for Fintech CEOs who think they have what it takes to
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Philippines’ Digital Lenders Pledge to Weed Out Predatory Behaviour
Members of the FinTech Alliance.ph have agreed to adopt a code of conduct for responsible online lending. This was after 48 online lenders have been cited for alleged unethical collection practices leading to data privacy violation. Over 400 harassment complaints
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