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P2P lending company raises $3 million in funding

HÀ NỘI — Việt Nam’s financial marketplace and peer-to-peer (P2P) lending platform Tima has raised US$3 million in Series B funding from Belt Road Capital Management (BRCM), a Greater Mekong-focused private equity fund, Tima announced on Monday. The latest investment valued the leading Vietnamese consumer finance marketplace and P2P lending platform at nearly $20 million. […]

An Indonesian Plot Twist: Fintech Akulaku Buys Stake into a Bank

Alibaba-backed Akulaku is the top funded fintech startups in Indonesia, and now a shareholder of a local bank as reported by Katadata. Akulaku reportedly made an Rp 500 billion (approximately SG$48 million) stake into PT Bank Yudha Bhakti Tbk (BBYB), in stages. At the time of writing, Bank Yudha Bhakti has pocketed Rp 158.7 billion (approximately SG$15 million) […]

Government moves to legalise P2P lending

HÀ NỘI – The Government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending in the country before officially developing laws for the new form of business, Deputy Prime Minister Vương Đình Huệ said. During a recent meeting with relevant ministries and agencies to discuss P2P lending, Huệ instructed that […]

P2P Lending Activity Accelerates in Vietnam

Peer-to-peer (P2P) lending is becoming increasingly popular in Vietnam with new players entering the market and regulators moving forward with creating a favorable environment. In September, a new company called Megalend Viet Nam Investment and Trading Corporation made its debut in Ho Chi Minh City with a chartered capital of VND 5 billion (US$214, 000). The […]