Latvian fintech startup Jeff App has raised в‚¬150K to help expand evolve its вЂњ Tinder for loansвЂќ solution into the Vietnamese market, along with increase to Indonesia later on in 2020. Lots of European business angels took part in the Jeff App pre-seed round, the first companyвЂ™s funding round to date.
Launched in Riga in the summertime of 2019, Jeff is that loan brokerage solution that makes use of alternate information to enhance inclusion that is financial has its own focus set on Southeast Asia. With only 30% associated with the populace holding a banking account as well as less individuals being a part of credit agencies based on World Bank information, there is certainly a gap that is massive Vietnamese in need of funding and banking institutions, and loan providers presently in a position to program them. And Vietnam is merely one of several many countries in the location dealing with the challenge of economic addition.
The users are onboarded to your application via simple speak to Jeff bot, their brand new friend that is best for finding great loan provides. Progressing through the application form, users are invited for connecting information points from different sources with their Jeff App profile. The greater amount of information is supplied, the bigger degree is reached, better assessment of an individual can be completed & in turn more loan offers are offered.
вЂњOur mission is always to provide usage of funding for an increasing amount of Asian individuals through the use of their valuable electronic impact. […]