Lending

Serial Entrepreneurs Can Now Apply for Loans with OCBC Before Even Incorporating

OCBC Bank has officially launched a new business dedicated to supporting serial entrepreneurs as they establish and grow new businesses. The bank claims that this is the first offering of its kind for small businesses in Singapore. According to OCBC

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P2P Lending and Digital Lending Fintechs Active in Southeast Asia

The size of the Southeast Asian alternative financing market grew from US$46.65 million in 2015 to a whopping US$215.9 million the following year. That’s almost a fivefold leap in market value in just the span of a year, according to a study

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It’s Not Just the Ride Hailing Fight That’s Begun with Go-Jek’s Entry into Grab’s Hometown

Go-Jek just announced the launch of its beta app in Singapore, which means that Singaporeans will be able to download Go-Jek on Android and iOS stores starting today. Since Uber’s exit of Southeast Asia, this will be a significant competition

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6 Proudly Singaporean Companies in KPMG’s Fintech100 This Year

The 5th iteration of KPMG’s annual Fintech 100 list has come out recently, in a bid to highlight dynamic fintechs from around the world that are doing something right in the financial services industry, be it digital payments, lending, insurtech,

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P2P Lending Activity Accelerates in Vietnam

Peer-to-peer (P2P) lending is becoming increasingly popular in Vietnam with new players entering the market and regulators moving forward with creating a favorable environment. In September, a new company called Megalend Viet Nam Investment and Trading Corporation made its debut

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PH Fintech Startup First Circle Raises $26m, Launches Credit Facility For SMEs

Philippine-based fintech startup First Circle has raised fresh investments of $26 million (P1.5 billion) in a Series A round led by Venturra Capital even as it launched a new credit facility backed by the Department of Trade and Industry (DTI),

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China’s Fintech Giant Enters Singapore, Offers Online Wealth Management

After setting up base in Singapore end of last year, Lu International, a Singapore-based subsidiary of China’s Lufax, launches their first product—a wealth management platform. Lufax was set up in 2011 by Ping An Insurance Group, a diversified holdings company

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P2P Lending Faces Challenges Ahead

The emergence of fintech has driven the introduction of new business models, including peer-to-peer (P2P) lending, a sector that’s grown in popularity around the world for its ability to fill the void left by traditional lenders. Alternative marketplace lending or

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Indonesia Gets Yet Another Mobile Lending Startup Backed by Hong Kong’s WeLab

Astra International, through a subsidiary and China-based lending company WeLab has just banded together to launch a joint venture in Indonesia focused on the nascent and still lucrative lending scene. Named AWDA (PT Astra WeLab Digital Arta), the joint venture

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Why Go-Jek Got Its Eye (and Business) on Peer-To-Peer Lending in Indonesia

Go-Jek, Indonesia’s unicorn darling just announced that they will be partnering with peer-to-peer (P2P) lending firms Findaya, Dana Cita and Aktivaku.to which marks them as yet another ride-hailing giant dabbling in financial services. The company’s decision to join the lending

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