SG's GoBear buys digital lender AsiaKredit to expand alternate consumer lending

Photo: GoBear

Singapore-based financial product comparison site GoBear said Monday it has acquired end-to-end digital consumer lender AsiaKredit, as it continues to expand its business and regional reach.

Headquartered in Singapore, AsiaKredit provides consumer finance products to underserved consumers in the Philippines. Through its flagship mobile app, pera247, it claims to have processed over 1 million loan applications via fast and convenient lines of credit not provided by traditional banks.

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