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Up to 100 hollywood casino online blackjack 000 loan applications processed since November 2017 launch in the Philippines To use new funds to enhance proprietary technology platform, launch new products     ASIAKREDIT, a digital consumer lender focused on Southeast Asia, announced that it has raised US$2.5 million (RM10.03 million) since its launch in November 2017 after the latest investment from global technology investment firm SIG Asia Investments. Through its pera247 mobile application launched in the Philippines in November.

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Last year hollywood casino online blackjack AsiaKredit currently provides unsecured small-ticket, short-term consumer loans for up to 90 days to the over 80 million unbanked and underbanked in the country with limited or no banking history. Designed to provide the shortest real-time credit decision by any platform on the market (where time-to-decision and-time-to-money is fulfilled within hours), pera247 uses data-driven credit assessment tools to analyse mobile behavioural data and other alternative sources of data to make fast and.

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Reliable credit decisions. The platform has since demonstrated improvement in portfolio quality and reached product-level profitability within four months of its launch. SIG noted that AsiaKredit is building a market-leading hollywood casino online blackjack fully digital lending platform that provides millions of financially excluded people in the Philippines with fast and convenient access to credit; something that the traditional banking sector is not always able to provide. In addition, they also noted that the team brings with them.

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Strong track records in fintech and consumer finance that can be seen in their sophisticated data-driven underwriting and collections capabilities. AsiaKredit chief executive officer and co-founder Michael Singh hollywood casino online blackjack said, “We are thrilled to have SIG on board. SIG has a proven track record in identifying winners in this space, having invested early in digital lenders that have later listed on Nasdaq and in companies at the forefront of alternative credit scoring in Asia. “pera247.

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    Further endeavours to capitalise on the portfolio relationships within SIG’s many other companies invested in the region. We are delighted that SIG shares our vision of building AsiaKredit into a leading Southeast Asian digital lender. “Although we currently focus on short-term loans on the higher end of the risk spectrum hollywood casino online blackjack we plan to move into longer duration, lower risk products such as personal instalment loans in the next six to 12 months.” AsiaKredit will.

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    Use the new funds for loan capital hollywood casino online blackjack to enhance its proprietary technology platform and underwriting and collections infrastructure and develop new products. Within six months of its launch, AsiaKredit has processed over 100,000 loan applications, and is seeing over 100% customer growth each month, with over 50% repeat customers. Customers have the option to withdraw funds and make payments through over 10,000 cash centres. AsiaKredit raised pre-series A and seed funding from FORUM, a.