Hong Kong based mobile lending and financial inclusion platform has raised $105m in equity capital from Berjaya Group, JG Summit, and Sinar Mas. The round ranks as one of the largest initial funding rounds by a startup in Asia.
“Oriente’s products use AI, machine learning, and data science to provide real-time credit scoring, on-demand lending and other tailored financial solutions to millions of undervalued people in emerging markets. Our first venture, Cashalo, is a consumer lending mobile-app in the Philippines that gives customers access to credit when they want using hundreds of alternative data points. Head to cashalo.com to learn more. Our second venture, Finmas, is a digital-lending platform built to unlock financial access for millions of individuals and MSMEs in Indonesia.”