One of the sectors in the expanding APAC technology industry with the greatest growth is financial technology, or “fintech” in shorthand. An overview of some of the leading fintech solution companies in APAC, together with information on their important owners , financiers, and how a fintech business is established in each of the markets, can be found in this article from SmartOSC.
Early in 2020, a subsidiary of the internationally recognized digital firm, SmartOSC, is one of the fintech solution companies that was set up as a tactical step to provide banks and other financial institutions with digital native solutions.
Prestigious companies including Paypal, Eway, OpenPay, VPBank, Nam A Bank, and Maritime Bank are among the customers of SmartOSC Fintech, a division of the international full-service digital firm SmartOSC (MSB).
By enhancing their products in the areas of digital lending, digital payment, digital banking, buy now pay later, user onboarding, and many other areas, SmartOSC Fintech assists customers in achieving growth.
Akulaku, the top-funded fintech startup in Indonesia, was established in 2014 to provide virtual credit cards. Since then, the business has expanded internationally and changed the range of services it offers.
According to corporate data from the middle of 2018, Akulaku is one of fintech solution companies connected to two Indonesian legal companies.
Smartosc solutions : BACKBASE DIGITAL BANKING, BUY NOW PAY LATER, LOS, CDP, EKYC, DIGITAL ONBOARDING
The first is PT Akulaku Finance Indonesia, a local business that is permitted to provide several kinds of financial services. This business has USD 7.1 million in paid-up capital, which includes contributions from:
A mobile wallet and supplier of financial services, Coins.ph was established in 2014. Betur Inc. and DCPay Philippines Inc. are two local corporations affiliated with Coins.ph.
Betur Inc., a remittance agency registered with the central bank, is entirely owned by Global Commerce Technologies Pte Ltd, a Singaporean company in fintech solution companies in APAC, and has a total paid-up capital of USD 980,000.
Global Commerce Technologies Pte Ltd owns all of DCPay Philippines Inc., which is registered with the central bank as an e-money issuer and has a total paid-up capital of USD 1.9 million.
The Kredivo digital credit card is the creation of FinAccel, a fintech firm with offices in Jakarta of fintech solution companies in APAC that assesses creditworthiness in real-time.
According to corporate filings from the middle of 2018, PT FinAccel Digital Indonesia, the local branch of FinAccel, has a paid-up capital of USD 70,000. President Director Tan Alie, who owns 99 percent of the stock, is the biggest shareholder.
Additionally, FinAccel owns PT FinAccel Teknologi Indonesia, a local limited liability company controlled by foreigners with a paid-up capital of USD 212,000. A Singaporean company named FinAccel Pte Ltd owns 99 percent of the shares, making it the biggest stakeholder.
Payoo is an e-wallet service for both private users and fintech solution companies. According to its corporate record dated June 2018, Viet Union Corp, a shareholder company founded in Vietnam in 2009, controls Payoo and has USD 9.4 million in charter capital.
Through its Singaporean subsidiary, NTT DATA Asia Pacific, the Japanese system integration corporation NTT Data purchased a 40% share in Viet Union Corp. in 2011. NTT apparently holds 64% of shares in Viet Union Corp, which it bought the majority of in 2016.
If you want detailed information about a prospective partner, rival, or investor in the fintech industry? Use SmartOSC to contact our experts for a free consultation if you have any questions regarding establishing fintech solution companies in APAC.
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