- Advertisement -
Friday, April 10, 2020
Home News MatchMove acquires strategic stake in local digital lender

MatchMove acquires strategic stake in local digital lender

- Advertisement -

Singapore based ‘bank as a service’ platform MatchMove, which has its offices in the Indonesia, India, Philippine, and Vietnam, has now closed an agreement with the licensed P2P lender MoolahSense to acquire a strategic stake with the immediate effect.

Shailesh Naik, Founder and Group CEO, MatchMove, said,

“With this partnership, we will be able to leverage on MoolahSense’s capability in credit origination and scoring to serve our clients better. Furthermore, there is a natural strategic convergence between our two digital platforms to go-to-market together as a combined offering.”

With this, Shailesh will now be going to join as the Board of Director of MoolahSense, which is a data-driven Peer to peer lending platform focused on the SME lending.

The company which is founded in 2013, MoolahSense claims to be the first digital lending platform to receive the full capital market services license from the Monetary Authority of Singapore.

This acquisition will enable the MatchMove to further strengthen its Spend. Spend. Lend capability and provide access to the financing to SME’s within its ecosystem, the company revealed in a statement.

MoolahSense will be able to use the MatchMove integrated regional partner network to click on the new segments and extends its capability to fund the creditworthy SME’s across India, it revealed

Lawrence Yong, CEO of MoolahSense, said,

“We are excited to partner with MatchMove to launch a risk-mitigated “on-tap” credit solution for curated digital ecosystems that fulfill the working capital needs of SMEs. We shall be turning our “Lending-in-a-Box” into MatchMove’s vision of “Banking-in-any-App” to realize the dreams of many SMEs and reward the decisions of lenders.”

Also Read: ZENOTI SECURED $20M FROM STEADVIEW CAPITAL

- Advertisement -
Avatar
Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.
- Advertisement -

Stay Connected

15,509FansLike
54,224FollowersFollow
1,288FollowersFollow
23,989FollowersFollow
12,458FollowersFollow
61,453SubscribersSubscribe

Must Read

2020’s #1 Sales Trainers in India- Yatharth Marketing Solutions

Back in the year 2014 the Sales Market was on an all-time low. The biggest of Corporate companies were on a decline...
- Advertisement -

UPL contributes Rs. 75 Crore to PM-CARES Fund

Providing Personal Protection Equipment (PPE) to the government for safety of India’s Frontline HeroesAssisting governments in sanitisation of public places countrywide Prepared...

Carlos Slim Helu Biography: Success Story of Telmex CEO

In this success story, we are going to share Carlos Slim Helu biography, the CEO and Chairman of giant telecommunication twin companies...

The Journey so far from Challenging to Rewarding

The foundation was laid down in November, 2010 when I quit my last assignment as Regional Vice President with one of the leading Broking...

Related News

2020’s #1 Sales Trainers in India- Yatharth Marketing Solutions

Back in the year 2014 the Sales Market was on an all-time low. The biggest of Corporate companies were on a decline...

UPL contributes Rs. 75 Crore to PM-CARES Fund

Providing Personal Protection Equipment (PPE) to the government for safety of India’s Frontline HeroesAssisting governments in sanitisation of public places countrywide Prepared...

Carlos Slim Helu Biography: Success Story of Telmex CEO

In this success story, we are going to share Carlos Slim Helu biography, the CEO and Chairman of giant telecommunication twin companies...

The Journey so far from Challenging to Rewarding

The foundation was laid down in November, 2010 when I quit my last assignment as Regional Vice President with one of the leading Broking...

Bernard Arnault Biography: Success Story of Louis Vuitton CEO

In this success story post, we are going to share the Bernard Arnault biography, who has been serving as the CEO of...
- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

× How can I help you?