Short-term lender Cashwagon from South-East Asia has joined Mintos!

12.11.2018

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For the first time, you can now invest in short-term loans from the Asia Pacific (APAC) region as Cashwagon has just launched on the marketplace!

Cashwagon is a rapidly-growing international fintech services provider. With headquarters in Singapore, the company 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.

On Mintos, you can now invest in Philippines-issued short-term loans from Cashwagon. The loans on the marketplace range from EUR 30 to EUR 300 with a maturity of up to 30 days. You can expect a net annual return of up to 10%.

All loans placed on Mintos by Cashwagon have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. The company will also keep 15% of each loan it places on the marketplace to maintain its skin in the game.

Cashwagon was created with a powerful purpose: to make the lives of the people in Southeast Asia better, by helping people get quick and easy access to financial services previously unavailable to them. Our partnership with Mintos is another significant step towards our goal. Having Cashwagon on the Mintos marketplace will provide investors with the opportunity to invest in loans issued in Southeast Asia and earn net returns of up to 10% per annum. We are proud to say that Cashwagon is the first short-term loans provider on Mintos from Southeast Asia.” said Maxim Chernuschenko, Founder and CEO of Cashwagon.

Every step of the way, Cashwagon is disrupting 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.

The platform uses innovative methods to enable online loans without collateral requirements, complex approval procedures, or prolonged delays. The result is a credit application and payout process that takes just minutes.

All lending activities by Cashwagon in the Philippines are performed by Green Money Tree Lending Corp., a company duly incorporated, registered and licensed by the local authority as a lending company under the laws of the Philippines. Cashwagon Pte Ltd. will provide a guarantee to secure the buyback execution for loans offered to Mintos investors.

Cashwagon Pte Ltd was founded in 2017 and up until October 2018, the number of cumulative loans originated worldwide amounts to 600 000, while 115 000 loans were originated in the Philippines from 2017 up until October 2018. Cashwagon’s net loan portfolio amounts to EUR 12 million.

Philippines-issued loans from Cashwagon are available on Mintos for investment now, so don’t miss out on this great opportunity. If Auto Invest is your preferred investment method, then be sure to update your settings accordingly so you can earn net returns of up to 10% per annum.

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