As the highest population among the continents, there is no hesitation when Asia becomes the massive site for fin-tech investment. It is a business that targets digital customers around the world. Seeing the mobile users is growing, so does to the fin-tech development too. Thus, many startup companies are born here, including the fin-tech itself. In this article, there are the top fin-tech startup companies so far in Southeast Asia.
Even though they are startups, don’t underestimate their contribution to economic growth. Contrarily, their existence gives a huge social impact. People’s life is getting easier, better, and simpler. Indeed, they cannot deny for profit-seeking. But these top fin-tech startup companies so far are dreaming to make a better life too. Here they are:
This startup is from Indonesia. They are born to help people in getting a loan. It must be difficult to get a loan from the bank. The bank will give you some questions and uncertainty decision, whether your application is accepted or not. Thus, Kredivo gives you solution by giving installment for 3, 6, or 12 months. Don’t be worried about the rate, Kredivo is affordable and safe.
Still from Indonesia, Julo is one of the growing fin-tech in Asia. It successfully gained funding for many investors, like Skystar Capital and East Ventures. Julo is also giving you a loan, but it has a special assessment by using machine learning. So, you only get the loan based on your creditworthiness. Many micro-entrepreneurs are using Julo’s feature as their started capital.
Now we move to the neighbour. This fin-tech comes from Singapore. soCash is very unique because its user can cash withdrawal or apply for a loan through the mobile application. This innovation makes people’s life easier for sure. Seeing this out-of-the-box idea, in 2019 they got funding from Japan’s cash automation company, named Glory Ltd.
Not far from Singapore, there is HelloGold from Malaysia. By using this application, now you can simply sell and buy the gold as little as RM. You can manage your gold and enjoy the market competition. It is safe to make transaction here. Because your gold is insured and stored securely. The founder claimed that HelloGold is the first shariah mobile application to do anything with your gold.
5. MyCash Online
This fin-tech has two country basis. One in Singapore, then the second is in Malaysia. At the first time, the founders created MyCash Online for migrants who were unbanked. So, they created this fin-tech as the online financial market place for migrants in Southeast Asia. It offers many facilities, such as reload phone credit, pay credit card, and many more. Surprisingly, you can do these things without using bank account, credit card number, or cash.
Seeing the transformation of market habit, just believe that many innovations might occur in the future. Any innovation should make people’s life better, or at least solve the existing problem. It was proven bu those top fin-tech startup companies so far above. Thanks to the founders who made everything is solved through the phone screen and fingers.