Fintech

Alibaba Entrepreneurs Fund-backed WeLab and Astra are launching an online lending platform in Indonesia.

The region is home to a number of rising payment stars, all busy gaining momentum as smartphone penetration and purchasing power grows.

It’s working with three P2P lenders: Findaya, Dana Cita and Aktivaku.

33 peer to peer companies will go on to the next phase toward being approved by the fintech regulator.

Online lending, still in its infancy, has already created work for 250,000 people in Indonesia.

X Financial, a Chinese P2P lending platform, today filed for an initial public offering (IPO) with the US Securities and Exchange Commissions (SEC). It seeks to raise US$250 million via a New York Sto

Online sellers who might face difficulty obtaining a loan from traditional financial institutions like a bank can now do so with Finaxar.

He says P2P is bound to run into a stone wall.