$400 billion and rising. That is the scale of Southeast Asia and India’s credit score market, in line with Kilde.
As an funding platform for personal debt, the start-up could solely be a yr previous, nevertheless it has massive plans to faucet into what it considers an under-penetrated useful resource the non-public debt markets.
“The chance comes from Southeast Asia having by no means absolutely adopted the bank card enterprise mannequin seen in different Western nations. Credit score limits, grace durations and transferring instalments have made this inherently sophisticated,” Radek Jezbera, co-founder and CEO of Kilde instructed FinanceAsia.
This, Jezbera says, whereas not explicitly apparent in its correlation,…
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