AsiaKredit’s Philippine fintech raises USD2.5 million to date after recent investment round led by leading global technology investment firm SIG Asia Investments

AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced that it has raised USD2.5 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 last year, 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. AsiaKredit will use the new funds for loan capital, to enhance its proprietary technology platform and underwriting and collections infrastructure, and develop new products.

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