"Microfinance is described by the Financial Times Lexicon as a service where financial institutions will back small start-ups and would-be entrepreneurs with small loans, in the poorest parts of the world. In Southeast Asia, the biggest microfinance players currently include Asia Pacific-based LenddoEFL, Singapore's CredoLab and the Philippines’ Lendr, for example..." Read full article.
The establishment of Lendbiz comes on the heels of the launch of LenddoEFL in Vietnam. Orient Commercial Joint Stock Bank (OCB) announced last week that it will become the first bank to offer LenddoEFL’s psychometric scoring solution in Vietnam. Read full article.