Who is offering financial services in the unbanked Southeast Asia?

Approximately 70% of consumers are unbanked or underbanked in Southeast Asia, according to a report by Bain, Google, and Temasek.

Who are the most popular financial services startups in Southeast Asia?

NEO Financial Solutions 🡪 NEO holds an Australian Financial Services Licence (number 385845) and licenses and supports Financial Planners in their businesses. NEO’s primary focus is providing our financial planners with a range of services, helping them to grow their businesses, and do what they do best — provide clients with financial planning advice.

Gu360.com 🡪 Founded by 5 investors, Gu360.com is a stock analysis and forecast platform based in China. It has raised 63 Million of US dollars in 3 rounds

Incomlend 🡪 Incomlend is an alternative finance provider that aims at improving financial inclusion for companies worldwide based in Singapore. Incomlend is a first of its kind global invoice exchange, where Suppliers from different countries can finance their export invoices by selling them to professional investors at a discount. Buyers can extend credit terms with their overseas suppliers through Incomlend’s supply chain finance solutions. Operating in multiple global trade currencies, the platform covers transactions with Credit Insurance on the Debtor and channels financial flows through Trust accounts.

Bukuwarung 🡪 BukuWarung operates as a digital bookkeeping startup based in Indonesia. BukuWarung is an SME bookkeeping application with a function to record daily financial transactions such as sales, income, and customer debt.

Citycash 🡪 CityCash is a start-up company in the fintech industry bringing state-of-the-art technologies and unique business models in the digital payments space with a focus on NFC based card payments. Started as an initiative to make India ‘Less Cash’ and offer digital payments for everyone, CityCash designs, deploys, and operates low cost offline and online payment technologies focused on the underserved space of high volume, low-value payments. Based in Mumbai, CityCash was founded in 2017 by veterans of the Investment Banking, Private Equity, and Technology industries.

That’s all for this little article, we support all the startups quoted and we wish all the best. Stay updated about new articles by following our LinkedIn page, Twitter page, and, of course, our medium page.

Thanks again for reading this article from the Licas Ventures Team