Fvndit Gets 30M Debt Financing For Vietnamese P2P Lending Marketplace Eloan
Fvndit, pronounced as ‘Fund It’, is backed by Vemanti Group, a US-based diversified holding company. The company announced that it will use the acquired money for its peer-to-peer (P2P) lending marketplace eLoan JSC (eLoan). The fintech firm plans to solidify and propel its business model to become the market-leading SME-focused funding platform in Vietnam, according to an official statement highlighted on Deal Street Asia. Ho Chi Minh City-based eLoan that is entirely owned by Fvndit enables investors to lend money directly to small and medium enterprises (SMEs)....