About AsiaKredit
AsiaKredit is a company based in Pasig (Philippines) founded in 2016 by Mike Singh and Krasnov Grygorii was acquired by GoBear in May 2020.. AsiaKredit has raised $675 thousand across 2 funding rounds from investors including GoBear, Reliance Capital Management and SIG Venture Capital. AsiaKredit operates in a competitive market with competitors including Ferratum Group, Cash-express and etomo, among others.
- Headquarter Pasig, Philippines
- Founders Mike Singh, Krasnov Grygorii
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Sectors
Financial Services
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Phone
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Website
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Social
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Funding Insights of AsiaKredit
AsiaKredit has successfully raised a total of $675K across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(02 Nov 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - AsiaKredit | Valuation | SIG Venture Capital |
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| Nov, 2017 | Amount | Seed - AsiaKredit | Valuation | Fintonia Group , Forum Capital Advisors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AsiaKredit
AsiaKredit has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include GoBear, Reliance Capital Management and SIG Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on seed and late stage investments
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Founded Year | Domain | Location | |
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Fin-tech venture capital firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AsiaKredit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AsiaKredit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asiakredit Comparisons
Competitors of AsiaKredit
AsiaKredit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ferratum Group, Cash-express and etomo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online/mobile based short term loans provider
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| domain | founded_year | HQ Location |
An online platform offering micro loans for quick financial access.
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| domain | founded_year | HQ Location |
Delivers comprehensive solutions for loan application products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asiakredit
Frequently Asked Questions about AsiaKredit
When was AsiaKredit founded?
AsiaKredit was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is AsiaKredit located?
AsiaKredit is headquartered in Pasig, Philippines. It is registered at Pasig, National Capital Region, Philippines.
Who is the current CEO of AsiaKredit?
Mike Singh is the current CEO of AsiaKredit. They have also founded this company.
Is AsiaKredit a funded company?
AsiaKredit is a funded company, having raised a total of $675K across 2 funding rounds to date. The company's 1st funding round was a Seed of $675K, raised on Nov 02, 2017.
What does AsiaKredit do?
AsiaKredit was founded in 2016 and is headquartered in Pasig, Philippines. The digital consumer lending platform operates in the Philippines under the Pera247 brand, with expansion planned for other Southeast Asian markets. Credit assessments are conducted using digital footprints, predictive analytics, and machine learning. Loan applications are submitted via mobile app, with decisions provided instantly and funds disbursed within 24 hours. Loan amounts range from P2,500 to P15,000.
Who are the top competitors of AsiaKredit?
AsiaKredit's top competitors include Ferratum Group, Cash-express and etomo.
Who are AsiaKredit's investors?
AsiaKredit has 6 investors. Key investors include GoBear, Reliance Capital Management, SIG Venture Capital, Fintonia Group, and Forum Capital Advisors.