SINGAPORE - Media OutReach - 24 September 2019 - Cashwagon, the rapidlyscaling fintech company for South-East Asia's underbanked, ramps up growth bypartnering with Mintos, global marketplace for investment in loans and currentleader in Europe, to connect South-East Asian borrowers with lenders fromEurope. Cashwagon is the first APAC, ASEAN, South-East Asia-based platformonboard Mintos.

Earlierthis year Cashwagon offered investors on Mintos marketplace to invest in loansoriginated by Cashwagon's lending partners in Vietnam.  By theend of 2019, Cashwagon will be poised to start offering loansoriginated by Cashwagon's lending partners from Sri Lankan market via Mintos. Tothis date, nearly 44 000 Mintos investors have invested more than EUR 57million in loans originated by Cashwagon's lending partners and the companyplans to double their loans supply on Mintos marketplace by the end of 2019.

Maxim Chernushchenko said, "As the firstSouth-East Asia-based platform on Mintos marketplace, we're offering Europeanretail investors to invest in loans originated in Indonesia, the Philippines,and Vietnam, which represents the first cross-border micro-financing betweenEurope and Asia. By our partnership with Mintos, we will continue to transform fintechindustry in Asia and strive for progressive innovation in our offerings to furtherstrengthen our position as a fintech powerhouse in the region."

To date, Cashwagon has reached a cumulative global loan processingmilestone of 3,200,000 loans totalling US$280 million, which were disbursed by its local partners, whilesimultaneously offering a welcome alternative to traditional financial institutions,80% of people in South-East Asia are underserved by these institutions. The Cashwagonplatform has more than 5 million registered users and the company recordeda 150% increase in loan request volume from 2018 to 2019. With the continuing goal of servingthe region's underbanked, Cashwagon is expecting to see the loan amount grow toUS$360 million by the end of 2019 and intends to expand its footprint into two more markets inthe South-East Asia region in 2020.  

This growth is a result of the company's technologyexpertise and the support it has garnered from investors to bring its vision tofruition. In 2018, Cashwagon had raised multi-million-dollar equity funding inSeries A round from global investors.

For more information: https://www.dropbox.com/sh/k975zpyqck6vqfa/AACDBGrChWRA3k_ObaQ_F-oEa?dl=0