Lending
Trust Bank Rolls Out Supplementary Credit Card With Instant Issuance
Singapore’s Trust Bank has launched its supplementary credit card where the application process is fully digital and will be issued instantly to its customers. The principal card holder will now be able to invite the supplementary card holder through the
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Jenfi Raises US$6.6 Million for Its “Growth Capital as a Service” Platform
Singapore-based fintech firm Jenfi announced that it has raised US$6.6 million in a Pre-Series B funding round led by Headline Asia. The round was also joined by Monk’s Hill Ventures, ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator
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Validus Names Former Traveloka Exec Anshul Johri as Group CTO
Southeast Asian SME financing platform Validus announced the appointment of Anshul Johri as its Group Chief Technology Officer (CTO), effective 5 April 2023. Anshul brings over 17 years of technology expertise in driving growth and scale for startups and large
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MUFG Invests in Indian Cloud Lending Firm Lentra
MUFG Innovation Partners (MUIP), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), has invested in Indian lending platform Lentra. The sum of the investment was undisclosed. MUIP co-invested with MUFG in Lentra
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GXS Bank Launches Flexible, Instant Personal Loans From S$200
Grab and Singtel’s GXS Bank has launched its instant personal loan product available to all eligible individuals in Singapore which includes having a minimum annual income of S$20,000. Customers can apply for the GXS FlexiLoan from as low as S$200
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Inypay Inks MoU With AAARYA Business College for Study Now Pay Later Offering
Soon-to-be-launched Singaporean neobank Inypay has signed a Memorandum of Understanding (MoU) with the AAARYA Business College for its upcoming Study Now Pay Later (SNPL) product. Inypay will be launching the SNPL offering in early May. The neobank is also looking
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Funding Societies Crosses US$ 3 Billion Milestone in SME Loan Disbursals
Southeast Asian SME digital financing platform Funding Societies | Modalku has crossed US$3 billion (S$4.1 billion) in disbursals of financing to SMEs with over 5 million transactions. The company reported that it has disbursed loans to close to 100,000 SMEs
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UOB and Lazada Collaborate to Offer Loans for Sellers, Co-branded Credit Cards
UOB and Lazada Group will collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and Vietnam. This will be Lazada’s first partnership with a bank across
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MUFG Bank Invests US$232 Million in Indian Fintech DMI Finance
MUFG Bank announced that it is set to invest INR 19.1 billion (approximately US$232 million) in Indian fintech company DMI Finance which focuses on consumer digital lending. DMI Finance is a Non-Bank Financial Company (NBFC) that provides fully digitalised personal
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Mobilewalla LendBetter: The Future of Lending for New-To-Credit Prospects
Financial inclusion and credit access are essential for driving economic growth and improving livelihoods in numerous emerging markets, including South Asia. However, extending credit to underbanked and unbanked populations comes with inherent risks, especially when dealing with new-to-credit customers who
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