Boost Capital enables micro-loans through smartphones, cheaper and easier.
Business Model:
Revenue: $0
Employees: 11-50
Address: 20A Tanjong Pagar Road
City: Singapore
State: central singapore
Zip: 088443
Country: SG
450M+ people in SE Asia are underbanked, and most banking is still done at brick-and-mortar bank branches. Boost Capital&s;s Platform enables micro-loans through smartphones, cheaper and easier. Boost tech onboards loan applications digitally – clients love it because our service is 100x faster than with traditional microlenders and clients pay 25% less for loans. In our pilot market of Cambodia, Boost Platform has enabled chats with over 200,000 customers, we&s;ve enabled over $2.5 million dollars in loans with the same repayment rates as traditional in-person micro-lending.
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 7/2019 | Pre Seed Round | 2 | $400k |
Insitor Partners Loyal VC Insitor Partners Loyal VC |
4/2021 | Seed Round | 3 | $1M |
Insitor Partners Loyal VC SOSV Insitor Partners Loyal VC SOSV |
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