Lending
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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58% of SMEs in South East Asia are Keen in Alternative Financing
In 2020 and onward, an increasing portion of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia will turn to non-traditional financial sources for their financial needs. These sources of funding will need to be available “on-demand” to enable entrepreneurs
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How Grab Is Breaking Into the Lending Space in Their Lead up to Be a Digital Bank
Singapore-headquartered superapp Grab has begun offering loans and credit lines to businesses in the city state. Under the GrabFinance brand, the tech company is now providing local small and medium-sized enterprises (SMEs) with quick and accessible funding. Business owners can
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Kredivo’s Parent FinAccel Raises US$90 Million; Doubles Down on Growth in South East Asia
Singapore-headquartered FinAccel, a fintech firm that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to expand in Indonesia and the region. Since inception just
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P2P Lending Platform Funding Societies Surpasses SGD 1 Billion in SME Lending
Funding Societies, a SME digital financing platform in Southeast Asia, is ending an eventful year by crossing the SGD 1 billion mark in SME loans. In line with the platform’s goal of responsible growth, Funding Societies expanded its loan volume
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Indonesia’s P2P Lending Sector Sees 642% Growth in Disbursements
Peer-to-peer (P2P) lending is a booming sector in Indonesia’s rapidly growing fintech industry, representing 43% of the country’s fintech companies, according to a paper by the Asian Development Bank Institute released earlier this month. In December 2018, disbursement of credit
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Philippines Cracks Down on Online Lenders
Philippines’ Securities and Exchange Commission issued a statement prohibiting another batch of 13 online lending operators from further engaging in lending activities. The regulator issued an immediate cease and desist to the owners and operators from promoting and facilitating unauthorised
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