Enhancing Financial Access through Financial Marketplaces
Experian recently led an over-subscribed US$28m Series C Investment in C88 financial technologies (C88) to drive financial inclusion Across Southeast Asia. As parent company and operator of Indonesia’s CekAja.com and Philippines’s eCompareMo.com, the top financial marketplaces in their respective countries, C88 has served more than 50 million consumers since 2013 – a number which is fast rising and expected to continue its trajectory with their expected expansion into Thailand.
The strategic investment and commercial partnership will see Experian’s best-in-class demand generation, analytics and digital on-boarding technologies embedded into the CekAja.com and eCompareMo.com financial marketplaces and C88’s large partner distribution network.
For financial institutions and lending organisations, this means access to previously unavailable unbanked or underbanked segments. And for consumers, this means access, and better matching to eligible products especially for consumers with little financial history, as well as reduced friction in verification and processing processes on both organisation and consumer ends.
The investment and partnership reinforces our commitment to financial inclusion in Asia, following other investments across the region.
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By Experian 09/12/2018