SINGAPORE - Media OutReach - 6 June 2019 - Cashwagon,the rapidly scaling fintech company for South-East Asia's underbanked, todayannounced that it has clinched the DigitalAward for Financial Services by Singapore Business Review TechnologyExcellence Awards for its effective usage of new technologies to bringfinancial access and inclusivity to its consumers.

Recognising leading companies intechnology innovation, the Technology Excellence Awards lauds outstandingcompanies that have pioneered ground-breaking IT products and solutions andimplemented truly innovative technology initiatives that have made an impact intheir business.

Cashwagon's award is a recognition ofits commitment to South-East Asia's underbanked. The fintech company developeda platform that provides access to competitive consumer finance products to the80% of South-East Asians who are underserved by traditional financialinstitutions. The products are offered by Cashwagon's credit partners who are dulylicensed according to applicable laws. The company leverages fintech on itsplatform, such as AI and Big Data, to enable easy access to consumer financing.It simplifies the complex approval procedures by offering a quick turnaroundtime of just a few minutes from application to credit.

While Cashwagon is headquartered inSingapore where the founder and the management team are based in, the companyoperates outside of Singapore in five South-East Asian countries: Indonesia,Philippines, Sri Lanka, Vietnam, Malaysia and is expanding into India in thesecond half of 2019.

Since launch in 2017 till date, Cashwagon'spartners have processed close to 2,300,000 loans valued at US$193,000,000 tonear 1 million unique retail consumers through Cashwagon developed platform. A mobileapplication developed by Cashwagon was launched in all countries of operation toprovide a seamless user experience and it has since garnered over 1.5 milliondownloads to date.

Mr Maxim Chernuschenko, CEO and Founder of Cashwagon,said: "We view Cashwagon as a progressive fintech company that builds digital bridgeswhich outperforms traditional finance companies and that connects people withthe financial services they've been looking for. We believe that when peoplehave easy access to finance, families and communities are healthier, happierand better positioned to succeed."

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