Plentina raises $2.2M to accelerate credit access in Southeast Asia
Published April 16, 2021, 1:54 PM Many startups have attempted to unlock financial services in Southeast Asian emerging markets, where credit card penetration is under 10%. Consumers in the Philippines have lost trust in a system rife with illegitimate and predatory lenders. A new fintech startup, Plentina, is leveraging machine learning and retail partnerships to help rebuild that trust. Plentina closed a seed round of $2.2M after successfully launching a service for large-scale merchants to sell on installments to the >90% of Southeast Asian emerging market consumers without a credit card. ...
Source: mb.com.ph