And Global

lendingcredit scoring

FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 01/05/2020

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About

And Global provides digital banking services for under-banked customers through its AI enabled mobile platform – “LendMN”. The company uses AI to analyze human behavior and perform credit assessment to offer banking services to its customers as per their requirement.

Focus

PRODUCTS & SERVICES

And’s digital banking application uses AI to calculate personalized credit score for customers with limited borrowing data. The application allows its customers to receive low-interest unsecured loans and lines of credit for salaried workers, lower income families, and micro-entrepreneurs.

REVENUE MODEL

The company generates its revenue by charging interest.

MAIN CLIENTS

Salaried workers

lower income families

and micro-entrepreneurs

EXISTING PARTNERSHIPS

DA5

COMMENT

The company is planning to put it's money towards product development. It is also planning to launch LendMN as a Platform-as-a-Service (PaaS) on the cloud, allowing companies across the globe to license it. (Nov. 2018)

Traction

TRACTION COMMENT:

The company currently gives out US$10 million across 70,000 loans per month. (Nov. 2018)

People

FOUNDERS

Anar Chinbaatar

Boldbaatar Ochirsuren

Naranbayar Purevsuren

BOARD MEMBERS AND ADVISORS

Boldbaatar Ochirsuren

INVESTORS:

Rhinos Asset Management

KEY EMPLOYEES:

Anar Chinbaatar (CEO); Boldbaatar Ochirsuren (CFO); Bayarsaikhan Volodya (COO); Robert Cater (CSO); Otgonbayar Purevsuren (CTO); Khos-Erdene Baatarkhuu (CIO)

Momentum

FUNDED

YES

TOTAL FUNDING

$7.8 M

DATE OF LAST FUNDING

Nov 2018

TOTAL FUNDING COMMENT

The company is planning to use its funds to grow its user base in Myanmar and Philippines next year. (Nov. 2018)

SEED & PRIOR FUNDING

$7.8 M

SEED CLOSED ON

Oct 2017

DEBT FUNDING

$4.72 M

LISTED

NO

COMMENT

As per the source, the company has raised $15 M funding in total from their IPO, angel and seed rounds, as well as through debt financing to date. (Nov. 2018)

BASICS

FOUNDING YEAR:

2015

LOCATION:

Singapore

Views:

40 VISITORS | 94 VIEWS
LATEST FUNDING ROUND

$7.8 M

About

And Global provides digital banking services for under-banked customers through its AI enabled mobile platform – “LendMN”. The company uses AI to analyze human behavior and perform credit assessment to offer banking services to its customers as per their requirement.

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