Fintech

The novel coronavirus has infected patients in more than 100 countries.

High penetration of digital payments in China makes consumers an attractive target for criminals looking to deploy financial malware.

The company recently set up operations in Malaysia.

Almost 57% of the fintech funding went into payments companies that are eying to grab a larger chunk of India’s soon-to-be USD 1 trillion digital payments market.

So far, the group’s business has not been impacted by the coronavirus outbreak.

Oriente will use the new funding to strengthen its business in the Philippines.

The company will provide both capital and strategic assistance as Digiasia looks to strengthen its services for underserved individuals and SMEs.

The startup aims to lend about USD 138.3 million (INR 1000 crores) by the end of the next financial year.