Lend East raising $50m debt to back alternative lenders in SE Asia, India

Commercial buildings in the central business district are illuminated at dusk in Singapore. Photographer: Brent Lewin/Bloomberg

Singapore-based digital lending platform Lend East plans to raise $50 million in debt capital to back alternative lenders in Southeast Asia and India.

According to Lend East CEO and founder Karan Bhatia, the firm has secured $5 million from family offices in Singapore and India. The company targets to close the fund by the third quarter of 2020.

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