Tagged: digital financing

Maybank SME Digital Financing has Provided RM1 Billion or $240 Million in Financing, Serving Over 8200 Malaysian SMEs

Just six months into its launch, Maybank SME Digital Financing has reportedly cleared RM1 billion (appr. $240 million) worth of financing, serving over 8,200 SMEs, of which around 85% or 6,950 are startups and micro-enterprises based in Malaysia. Maybank stated that all applications that were… Read More

Indonesia based Validus Subsidiary Batumbu Obtains Regulatory Clearance to Provide Digital Financing

Indonesia-based Validus’ subsidiary Batumbu has obtained regulatory clearance to serve as a licensed and authorized online financing platform. The approval has been given by the Indonesian Financial Services Authority (OJK). Since it first began offering services in 2019, Batumbu has reportedly issued more than S$207… Read More

Volkswagen Financial Services Partners With Scrive & Onfido to Launch Digital Financing Solution for UK Dealerships

  Volkswagen Financial Services UK (VWFS), part of Volkswagen AG, has partnered with Scrive and Onfido to launch their next-generation digital financing solution for UK dealerships. According to Volkswagen, Scrive’s electronic signature service and Onfido’s digital identity verification services are integrated into the new process for verifying customer identity… Read More

Southeast Asia’s Funding Societies, an Online Capital Formation Platform, Reports S$2 Billion in Business Financing Disbursals

Southeast Asia-based Funding Societies, a digital financing platform, has revealed that it has made S$2 billion (appr. $1.5 billion) in disbursals of business financing to SMEs across the region as the company enters its sixth year of offering loans. Funding Societies’ management noted that the… Read More

Funding Societies’ Direct Lending Entity Approved to Become Participating Finance Institution

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App. HKT Financial Services offers mobile payments, merchant services, O2O… Read More

Better.com Announces Expansion Into Five Additional Markets

Better.com announced on Thursday it has expanded into several new markets, including Montana, New Mexico, Rhode Island, Nebraska, and Wyoming. Backed by Ally, Citigroup, Goldman Sachs, American Express Ventures, Kleiner Perkins, Pine Brook and Healthcare of Ontario Pension Plan (HOOPP), Better.com describes itself as one… Read More

Ally Financial Teams Up With Better.com to Create End-to-End Digital Mortgage Experience

Ally Financial Inc. (NYSE: ALLY), a U.S.-based digital financial services company, announced on Thursday it has partnered with mortgage disruptor, Better.com, to create an end-to-end digital mortgage experience for consumers looking for a mortgage loan from the Ally platform.  Ally reported that in addition to… Read More

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