Oriente, a Hong Kong-based financial services and technology company, completed a US$105m initial funding round.
Backers included the founders and a group of family offices including members of the Berjaya Group, JG Summit Holdings, Inc., and Sinar Mas.
The company intends to use the funds to accelerate technology and product development, scale multi-market operations, and grow its digital solutions into new markets.
Founded in 2017 by former Skype co-founder and CSO, Geoffrey Prentice; former founding CTO and COO at LU.com, Hubert Tai (CEO); and founder of BlackPine Private Equity, Lawrence Chu, Oriente leverages Artificial Intelligence, machine learning, and data science to build solutions that provide real-time credit scoring, digital and O2O lending and other tailored financial services to millions in Southeast Asia’s fastest-growing economies. The company has recently rolled out two app-based ventures, Cashalo in the Philippines and Finmas in Indonesia.
Oriente now has over 1200 employees across offices in Hong Kong, Shanghai, Singapore, Taipei, Manila, Jakarta, and Ho Chi Minh City.