Earlier today we were thrilled to announce that FINMAS, our fintech venture in Indonesia, has officially obtained a business license as a fintech lending platform from Indonesia’s Financial Services Authority (OJK) dated 30 September 2019. This makes Finmas one of only thirteen companies fully licensed to operate in Indonesia.

Our co-founder, Geoffrey Prentice, recently attended The Euromoney Philippines Investment Forum in Manila to discuss the latest developments in Southeast Asian capital markets and share more on Cashalo’s role in creating a financially inclusive future for all Filipinos.

Across South-east Asia, governments, organisations and banks are increasingly trying to bring the unbanked into the global economy. It stands to benefit both people and businesses alike. Embracing smart tech will go far in boosting financial inclusion in emerging Asia's fastest growing economies

On 14 February, Oriente officially launched Finmas our fintech venture and mobile-app in Indonesia designed to unlock financial access, freedom and opportunity for the country's vast underserved and underbanked population.

More than a third of the world’s adult population, or some 1.7 billion people, have little or no access to formal financial services.

Financing set to develop technology, strategic partnerships, and further regional expansion in our quest to accelerate finclusion for Southeast Asia's underserved and underbanked.