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Up to 100 how does online casino games work 000 loan applications processed since November 2017 launch in the Philippines To use new funds to enhance proprietary technology platform, launch new products     ASIAKREDIT, a digital consumer lender focused on Southeast Asia, announced that it has raised US$2.5 million (RM10.03 million) since its launch in November 2017 after the latest investment from global technology investment firm SIG Asia Investments. Through its pera247 mobile application launched in the Philippines in November.

Last year how does online casino games work AsiaKredit currently provides unsecured small-ticket, short-term consumer loans for up to 90 days to the over 80 million unbanked and underbanked in the country with limited or no banking history. Designed to provide the shortest real-time credit decision by any platform on the market (where time-to-decision and-time-to-money is fulfilled within hours), pera247 uses data-driven credit assessment tools to analyse mobile behavioural data and other alternative sources of data to make fast and.

Reliable credit decisions. The platform has since demonstrated improvement in portfolio quality and reached product-level profitability within four months of its launch. SIG noted that AsiaKredit is building a market-leading how does online casino games work fully digital lending platform that provides millions of financially excluded people in the Philippines with fast and convenient access to credit; something that the traditional banking sector is not always able to provide. In addition, they also noted that the team brings with them.

Strong track records in fintech and consumer finance that can be seen in their sophisticated data-driven underwriting and collections capabilities. AsiaKredit chief executive officer and co-founder Michael Singh how does online casino games work said, “We are thrilled to have SIG on board. SIG has a proven track record in identifying winners in this space, having invested early in digital lenders that have later listed on Nasdaq and in companies at the forefront of alternative credit scoring in Asia. “pera247.