Last Updated: 30.07.2019.
|Joined Mintos:||Nov 2018|
|Effective APR charged to borrowers:||290%-805%|
|Loans Outstanding on Mintos:||€ 15 009 577|
Cashwagon is a rapidly growing international fintech services provider founded in 2017. With headquarters in Singapore, the company has operations in five countries – Indonesia, Vietnam, Philippines, Sri Lanka and Malaysia. In 2020, 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. All loans in Indonesia listed on Mintos Marketplace by Cashwagon are issued by Peerman Pte. Ltd., a company duly incorporated and registered under the laws of Singapore. Peerman Pte. Ltd. acts as a lender to individual borrowers on the online peer-to-peer lending platform operated by Cashwagon. All Vietnamese loans listed on the Mintos Marketplace by Cashwagon are issued by Lendtech Co., Ltd, a company duly incorporated and registered under the laws of Vietnam. Lendtech Co., Ltd, acts as a lender to individual borrowers on the online peer-to-peer lending platform operated by Cashwagon. Cashwagon Pte Ltd provides a group guarantee to secure the buyback execution for loans offered to Mintos investors.