Interested in investment opportunities in the Asia Pacific (APAC) region? You’re in luck! Today, we are pleased to announce that Cashwagon has increased its presence on the Mintos marketplace by adding short-term loans from Indonesia.
With headquarters in Singapore, Cashwagon has operations in five countries – Sri Lanka, Indonesia, Vietnam, Cambodia and the Philippines. Within the next year, the company plans to launch into two more markets in the APAC region.
In November 2018, Cashwagon, an innovative platform designed to link lenders and borrowers, was added to Mintos – offering investment opportunities for short-term loans issued in the Philippines.
Cashwagon launches its biggest market on Mintos
Today, however, the Asian fintech company has added loans from its biggest market – Indonesia. Cashwagon, which was established in 2017, has been operating in the country since 2018. The company’s digital platform has rapidly risen to become one of the leading financial services in the country and has so far more than 400 000 loans provided through its digital platform to 160 000 borrowers worth EUR 36 mln.
All loans listed on Mintos Marketplace by Cashwagon’s are issued by Peerman Pte. Ltd., a company duly incorporated and registered under the laws of Singapore. Peerman Pte. Ltd. acts as a lender to individual borrowers on the online peer-to-peer lending platform operated by Cashwagon .
Investing in Cashwagon’s Indonesia-issued loans
Cashwagon introduces availability of Indonesia-issued loans on the Mintos marketplace ranging from EUR 30 to EUR 300 with a maturity of up to 40 days. You can expect a net annual return of up to 13%.
All loans listed and available for investment on Mintos are secured with a buyback guarantee by Cashwagon Pte. Ltd. (Singapore), which means that all investments will be repurchased if the loan is outstanding for 60 days or more. In addition, 15% of each loan amount placed on the marketplace is kept on the balance sheet to maintain its skin in the game.
Moreover, any loans issued via the platform, and made available on Mintos come with a group guarantee, which means that all obligations offered to Mintos investors are guaranteed by global Cashwagon Pte. Ltd. (Singapore).
Cashwagon is disrupting the financial services industry
Cashwagon’s mission is to disrupt the financial services industry to position financial assistance within reach of more people. Their products are designed to provide responsible solutions for the everyday financial needs of modern life, especially for 80% of local people who are not well served by mainstream financial institutions.
This is a great opportunity for you to further diversify your investment portfolio by adding investments from a new country – Indonesia. If you use Auto Invest, don’t forget to update your settings so you don’t miss out!