Berjaya Group and Sinar Mas have co-led a series A round for microlending platform Oriente.
China-based microlending platform Oriente has raised $105m in a series A round co-led by property developer Berjaya Group and conglomerate Sinar Mas, Nikkei Asian Review reported today.
Founded in 2017, Oriente operates a microlending platform for individuals and businesses through a mobile app and offline lending for shoppers at retail partners.
The platform relies on a risk control algorithm to maintain a base rate of approximately 1%, allowing the company to offer lower interest rates of 3% to 4%, compared…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
