Last Updated: 31.12.2018.
|Joined Mintos:||Nov 2018|
|Effective APR charged to borrowers:||499%|
|Loans Outstanding on Mintos:||€ 3 225 068|
Cashwagon is a rapidly-growing international fintech services provider founded in 2017. With headquarters in Singapore, the company has operations in five countries – Sri Lanka, Indonesia, Vietnam, Cambodia and the Philippines. Within the next year, the company plans to launch into two more markets in the Asia Pacific region.
Cashwagon believes that their digital products and services are better positioned to meet the needs of their customers – 80% of Southeast Asia’s population that is underserved by traditional financial services. The platform uses innovative methods to enable online short-term loans without collateral requirements, complex approval procedures, or prolonged delays. The result is a credit application and payout process that takes just minutes.
All lending activities by Cashwagon in the Philippines are performed by Green Money Tree Lending Corp., a company duly incorporated, registered and licensed by the local authority as a lending company under the laws of the Philippines. Certificate of Authority No. 2343.
Cashwagon Pte Ltd will provide a guarantee to secure the buyback execution for loans offered to Mintos investors.