AsiaKredit

lendingonline loans

FOUNDING YEAR: 2017
LOCATION:
Last Update: 04/07/2020

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About

AsiaKredit is an online lender that can determine the creditworthiness of by analyzing their digital footprint and provides access to funds in minutes. It offers short-term loans to consumers using their mobile app.

Focus

PRODUCTS & SERVICES

AsiaKredit offers a digital lending platform that provides access to short-term loans. It provides an end-to-end loan disbursement process that includes origination (develops digital marketing strategies for customer acquisition), credit underwriting (leverages digital footprint, predictive analytics, and machine learning to automate the credit underwriting process), fulfillment & servicing (funds disbursement/repayment through e-wallets linked to numerous locations) and collection (human-to-bot substitution, predictive dialing, strategy funneling and behavioral scorecards).

REVENUE MODEL

The company generates revenue through interest, which is between 0.99% and 1.59%. It also charges a provision fee, which is 1% of the total loan application amount, and a late fee of 0.1% per day.

MAIN CLIENTS

Business

EXISTING PARTNERSHIPS

Tokopedia,Lazada

Matahari Mall

Doku

Hacktiva

Jurnal

Dekoruma

SBI group

J Trust

People

FOUNDERS

Mike Singh

Adrian Chng

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Fintonia Group

Fintonia Group

Forum

Forum

Reliance Indonesia Group

Reliance Modal Ventura

SIG

SIG Ventures

Space Ventures

KEY EMPLOYEES:

Mike Singh (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$125 K

DATE OF LAST FUNDING

Jun 2018

TOTAL FUNDING COMMENT

The company will use its funds to enhance its proprietary technology platform and underwriting & collections infrastructure as well as develop new products. (Jun. 2018)

SEED & PRIOR FUNDING

$125 K

LISTED

NO

BASICS

FOUNDING YEAR:

2017

LOCATION:

Views:

86 VISITORS | 208 VIEWS
LATEST FUNDING ROUND

$125 K

TOTAL EMPLOYEES
11-50

About

AsiaKredit is an online lender that can determine the creditworthiness of by analyzing their digital footprint and provides access to funds in minutes. It offers short-term loans to consumers using their mobile app.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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