ABOUT US

AsiaKredit’s vision is to be a gateway for honest and hardworking individuals in Southeast Asia who are under or unbanked, to gain access to formal credit, while educating them on responsible financial management - bringing them into the formal banking sector and economy and thus improving their standard of living.

We provide ground-breaking fast and convenient digital consumer finance products, through our flagship mobile app pera247, to Southeast Asia’s half a billion unbanked. Since 2018, we have processed over 1 million applications for short-term, installment, and sales finance loans. Disbursing to primarily the unbanked by leveraging digital footprints to deliver credit decisions in minutes and time to cash in hours.

With its headquarters in Singapore, AsiaKredit’s diverse, experienced, and proven management team based in the Philippines and Ukraine is a market-leading advocate for Responsible Lending, including strictly adhering to a Code of Ethics based on The Smart Campaign, an initiative of the Center for Financial Inclusion (CFI).

AsiaKredit was seeded by FORUM and Fintonia Group with early investors Susquehanna International Group’s Asia Investments. It is now wholly owned by GoBear, Asia’s leading financial supermarket.

BACKGROUND

AsiaKredit was formed by a group of established entrepreneurs and executives in the financial services, internet/e-commerce, and technology industries. Their over 100 years of combined experience has resulted in successful ventures leading them to team up and recognize a massive gap in the consumer finance space in Southeast Asia.

In spite of Southeast Asia’s half a billion plus population and over two trillion (US) dollars in GDP, bank penetration is less than 50%, and worse, credit card is 5%. While developed market’s consumer lending as a percent of GDP are in excess of 50%, Indonesia is 17% while the Philippines is only 7%.

In the Philippines alone where there are over 60 million Filipino adults, only 20 million have a bank account and only 3 million have a credit card. Yet we know that 7 out of 10 Filipinos have the need for - and secure credit, mostly from informal lenders. 

This is about to change! Simply download an App on your mobile phone, answer a few questions, give access to data, and receive funds in minutes!

VISION

To be a gateway for honest and hardworking individuals in Southeast Asia who are under or unbanked, to gain access to formal credit, while educating them on responsible financial management - bringing them into the formal banking sector and economy and thus improving their standard of living.

MISSION

For honest and hard-working individuals, AsiaKredit aims to be a lender that identifies credit-worthy customers through their digital footprint and delivers a decision and access to funds in minutes.

OUR INVESTORS

We are proud to be associated, supported, and advised by the following investors and partners:

AS FEATURED IN

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