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Malaysian finance firm eyes Singapore moneylending sector

RCE Capital is investing S$40m in S'pore fintech Credit Culture, which aims to run a round-the-clock online loan platform

    Published Tue, Jan 22, 2019 · 09:50 PM

    Singapore

    MALAYSIAN financing firm RCE Capital is staking a claim on the Singapore moneylenders market via a S$40 million fund injection into a Singapore fintech that will, in turn, offer lower lending rates and encourage prompt debt repayment.

    The Singapore fintech, Credit Culture, plans to launch by the end of February a moneylending platform that offers loans with monthly interest rates capped at 1 per cent, its founder and CEO Edmund Sim told The Business Times on Tuesday.

    Singapore fintech

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