April 8, 2016
We looked at the FinTech startups in the Philippines, Vietnam, Malaysia, Thailand & Indonesia and came up with a list of the 15 most noteworthy FinTech startups in Southeast Asia:
LoanSolutions.ph (Philippines): Founded in 2014, LoanSolutions facilitates fast and easy access to credit for different financial needs by connecting borrowers to multiple lending partners (mainly financial institutions) in a single online loan application. By using algorithms in the form of loan advisors, it ensures that borrowers can secure a competitive loan. The company raised an undisclosed amount of seed funding from a group of international and local investors, led by the Singaporean VC KK Fund. The company has thus far serviced over 2,000 borrowers, with an average loan value of PHP 100,000 (US$2,220). The startup has booked over US$100,000 in revenue since its launch.
Lenddo (Philippines): Founded in 2011, Lenddo has developed a patented technology that collects, analyzes and processes billions of social data points to provide loans to customers. In January 2015, the firm opened its technologies for third parties such as banks, lending institutions, utilities companies and credit cards worldwide to reduce risk, increase portfolio size, improve customer service and verify applicants. Lenddo now offers a way to prove identity and establish one’s ...