Cashwagon

Last Updated: 12.11.2018.

Cashwagon
Loans Originated
€ 56 M
Loan portfolio
€ 12 M
Buyback Guarantee
With a buyback guarantee
Skin in the Game
15%
Average NAR%
11.5%
Website: cashwagon.ph
Founded: 2017
Employees: 850
Joined Mintos: Nov 2018
Loan Type: Short-Term Loan
Country: Philippines
Currency: EUR
Effective APR charged to borrowers: 499%
Loans Outstanding on Mintos: € 1 977 971

About

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.