Fund Management

What's New In Investments, Funds? - Flow

Editorial Staff 14 May 2020

What's New In Investments, Funds? - Flow

The latest developments in wealth management, including new investment product and asset offerings.

Flow
Flow, a credit management firm that used to be called AsiaCollect, has launched a Series A funding of $6 million. The business says it applies international standards of ethical debt collection to non-performing consumer debt.

The money-raising round is led by DEG, a development finance institution and a subsidiary of KfW Group of Germany; Dymon Asia Ventures; SIG Asia; and SCB10X, the venture arm of Siam Commercial Bank.

This financing will pay for Flow's growth initiatives including its geographical expansion and the ongoing development of artificial intelligence models such as predictive analysis of borrowers' behaviours and speech recognition enhancement.

"Collections has been largely an untapped market in Asia," Mukaya (Tai) Panich, chief venture and investment officer of SCB10X, said.

Flow was founded in 2016. Based in Singapore, the company launched in Vietnam and has since expanded to Indonesia and India.

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