The acronym P2P stands for peer-to-peer but for Fundaztic it describes something bigger. “Power to the people. We give businesses a chance by putting them on our platform and letting the crowd decide."
The Indonesian P2P lending company introduces new service offerings aimed at jumpstarting the country’s SEMs.
The SME-focused digital financing platform was awarded an SEC license earlier, and will be able to extend its funding services to Thai SMEs
P2P grows into an adolescent in Malaysia as Kristine Ng, CEO of Fundaztic, gives an overview of the industry and a comparison against equity crowdfunding.
Indonesian startup focuses solely on providing student loans.
Bank Sinarmas has partnered with P2B lending startup Modalku, allocating about US$760,000 for the latter’s platform to fund micro and small and medium enterprises (MSMEs).
Singapore-based Funding Societies, which has secured US$7.4 million in Series A funding, will be using part of the additional funding to meet with regulatory requirements in the three markets it currently operates in.
How should fintech be regulated in Indonesia? DNA gives you an exclusive sneak-peak at direct online lending startup UangTeman’s policy paper.
Banks have the credibility, while fintech startups have the innovation – combine the two and you have a killer formula, says a senior banker.
Fintech players should be cautious, because the increasing digitalisation of the financial services industry brings with it an extra element of risk, warned the Securities Commission Malaysia.