eLoan JSC (“eLoan’), an online Peer-To-Peer marketplace, has signed a partnership agreement with Dong Saigon Credit Fund (DSGF).
The agreement terms call for DSGF and eLoan to mutually support in technological infrastructure and in both parties’ ecosystem in order to help the customers to access cost-effective capital as well as robust financial services.
Through the partnership, DSGF also assists eLoan in verifying borrower’s credit history so as to assure transparency for the investors. Hence, loan risk for eLoan’s investors will be genuinely reduced.
Mr. Trung Vo, Founder & CEO of eLoan, said: “Collaboration among banks and fin-tech companies, especially in the field of peer-to-peer lending and loan-based crowd-funding, has been embraced globally and proven to be beneficial for all involved parties as we set out to build a more transparent and inclusive financial market. After the partnership with Nam A Bank, DSGF is another important partner added to our eco-sytem.”
HCM City based eLoan (https://eloan.vn) was established in 2017 as a peer-to-peer (P2P) lending marketplace that allows investors to lend money directly to small and medium-sized enterprises (SMEs).
eLoan is one of the few fin-tech firms in Vietnam focusing purely on serving SME clients with short-term loans. Its marketplace platform is run on a proprietary AI-driven decision-making and credit-rating system.
Since the debut, eLoan has successfully connected more than VND300 billion (approximately $15 million) between SMEs and investors. eLoan’s strategic partners are Investree, a licensed leading peer-to-peer SME lending platform in Indonesia with an average disbursement of $7 million per month and Vemanti Group, a technology investment company based in the U.S.
Also based in HCM City, DSGF is a dynamic local credit fund who mainly focuses on serving micro and SME sector. DSGF has gained impressive business performance over the past few years. It is now a member of the Vietnam Cooperative Bank, which oversees the operation of 1,200 local credit funds throughout Vietnam.