AsiaCollect, a Singapore-based provider of integrated Credit Management Services (CMS) in Southeast Asia, raised USD4.5m in funding.
The round was led by SIG Asia Investments with participation from Dymon Asia Ventures, the venture capital arm of Dymon Asia Capital, a Singapore-based alternative investment management firm.
The company intends to use the funds to support growth initiatives, including client acquisition in its core markets, enhancements to its SaaS solution, expansion of its collections’ infrastructure and teams, and to continue purchasing NPL portfolios.
Led by Mr. Tomasz Borowski, chief executive officer and co-founder, AsiaCollect provides integrated Credit Management Services (CMS) in Southeast Asia, which include CMS Outsourcing, CMS Advisory Services, Debt Purchasing, and Software-As-A-Service (SaaS). The company’s proprietary technology streamlines and automates a majority of debt collection processes, while minimizing the need for field collection.
It is currently managing over USD40 million in assets of over 10 financial institutions and digital lenders across Vietnam, Indonesia, and the Philippines.