International private equity firm Finstar Financial Group has announced its commitment to strengthen its position in the Asia Pacific Region fintech.
As a first step in implementing the its five-year investment plan*, Finstar commits to invest up to US$50m in APAC`s consumer lending, providing funds to broaden the presence of Digital Finance International (DFI) in mobile-first consumer finance in South-East Asia.
Digital Finance International leverages fintech innovations, deep technology and data science to serve those 2.5 billion people in the world currently underserved by traditional financial institutions.
Roll-out of DFI operations in several large Asian economies is planned for the near future.
Led by Oleg Boyko, Executive Chairman and Founder, Finstar is an international private equity firm operating in Europe, the US, Asia, Latin America
and the CIS. The group is focused on fintech, with a track record of investment in a range of industries, including financial services, IT, FMCG retail, media, and real estate.
Its investment portfolio includes, among others, Spotcap, an online lending platform for SMEs, Prestamos Prima, an online consumer financial services provider, and Viventor, a peer-to-peer lending platform.
*Finstar’s five-year investment plan, adopted in July 2017, aims to strengthen the Group’s holdings in innovative consumer technologies, and increase its portfolio exposure to high growth emerging markets across Europe, Latin America and Asia-Pacific.