Singapore’s Credit Culture raises $29.5M for its soon-to-launch digital loan business

Singapore's digital fintech companies are attracting investor and dollar attention in 2019. New to Singapore Life – an exclusively digital insurer – which raised $ 33 million in two recently closed campaigns. Credit Culture, a specialist in digital lending – so banked SG 40 million ($ 29.5 million) – before its imminent launch. Credit Culture raised its capital with RCE Capital, Malaysia, Berhad, as part of an agreement that allows the investor to take a stake of up to 30% in the startup. Its investment consists of five-year bonds, secured by claims on Credit Culture and including purchase options to

The post Singapore’s Credit Culture raises $29.5M for its soon-to-launch digital loan business appeared first on viralamo.

http://bit.ly/2sKse6C