Lending
OJK Conducts In-Depth Probe on Investree Following CEO’s Misconduct Allegations
The Indonesian Financial Services Authority (OJK) is closely monitoring Investree, a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. The regulator is conducting an in-depth investigation through direct examinations of Investree, responding to recent
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IFC Invests US$23.8M in Thai Credit Bank to Support Women-Led MSMEs
The International Finance Corporation (IFC) has made a substantial equity investment of up to US$23.8 million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned
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Mizuho Bank Invests Over US$144M in Credit Saison’s Indian Subsidiary
Japan’s Mizuho Bank has announced an investment of up to INR 12 billion (US$ 144.43 million) for a 15% equity stake in credit card issuer Credit Saison’s Indian subsidiary, Kisetsu Saison Finance (India). This move is part of Mizuho’s strategic
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Modalku’s Co-Founder Iwan Kurniawan Steps Down After 8 Years
SME digital financing platform Modalku’s Co-Founder Iwan Kurniawan announced that he will be officially stepping down from his leadership role after nearly eight years. Iwan, who spearheaded the company from its inception in 2015 until June 2023, transitioned out of
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Investree Gets US$7M Lifeline from SBI Holdings, Earmarks Majority for Salaries
Beleaguered Indonesian peer-to-peer (P2P) lender Investree has reportedly secured a critical US$7 million rescue package from its existing investor SBI Holdings, according to DealStreetAsia. Investree has earmarked US$4.5 million of this package for employee salaries, which encompasses owed salaries, benefits,
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Temasek Divests Entire Stake in PolicyBazaar’s Parent Firm for US$292M
Singapore’s sovereign wealth fund Temasek has offloaded its entire holdings in PB Fintech, the parent company behind insurance broker PolicyBazaar and consumer credit marketplace PaisaBazaar, according to Mint. This transaction, completed through a block sale, is valued at approximately INR
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Reazon Holdings Injects Investment into Validus Vietnam
Validus Vietnam, a financing platform for small and medium-sized enterprises (SMEs), has secured an investment from Japan’s Reazon Holdings. The sum was not disclosed. This investment into VGrowth Development Co. Ltd., commonly known as Validus Vietnam, signifies a strategic move
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Investree Plans Major Restructuring After CEO Adrian Gunadi’s Resignation
Investree, a peer-to-peer (P2P) lending fintech platform in Indonesia, has announced plans for a significant restructuring process to support its debtors who are facing financial difficulties. This move comes in the wake of the resignation of its CEO, Adrian A.
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Dennis Martin Joins ADVANCE.AI as Credit Reporting CEO
ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has announced the appointment of Dennis Martin as the CEO of its credit reporting business. Martin will be based in Singapore where the startup is headquartered.
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Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims
Indonesian lender Investree‘s co-founder and CEO Adrian A Gunadi has tendered his resignation, effective 31 January 2024. This move comes amid allegations of misconduct and various challenges faced by the company, as reported by DealStreetAsia. Gunadi’s resignation letter, a copy
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