HES Enters Southeast Asian Market with New P2P Project
HES has entered the markets of Malaysia, Philippines, Singapore, and Hong-Kong by securing a new and exciting project for an online peer-to-peer lending platform.
An ambitious South East Asian startup, whose name cannot be disclosed at the moment, has chosen HES as their software and technology partner. The company will provide a responsible and more efficient P2P platform, which will allow SMEs and entrepreneurs to run transparent initiatives to source loans from institutional and individual investors.
The platform will work as a full-service loan agent in evaluating, marketing and managing each lending project. It will execute a strong due diligence process and offer multiple loan investment options.
“The intense interest in marketplace lending arises from the inspiring success stories of companies like Zopa and Lending Club. We have a good reason to believe that similar success can be achieved in the market of Southeast Asia. This new project is being started from scratch. It is unburdened with the clutter of legacy IT, and we at HES are going to support it by creating the right automated workflows and a powerful business administration environment. I’m sure our software will help this start-up company to sign up some of the leading Asian investors and stakeholders. As for the unbanked or underbanked SMEs and entrepreneurs, they will benefit from a streamlined application process and quick funding decisions,” said Maria Nemogai, HES’s business development manager.