Hong Kong based mobile lending and financial inclusion platform has raised $105m in equity capital from Berjaya Group, JG Summit, and Sinar Mas. The round ranks as one of the largest initial funding rounds by a startup in Asia.
Oriente, the Hong Kong-based financial services and technology company, announced earlier this week it secured $105 million through its initial funding round. The round included investment from the founders and a group of family offices such as members of the Berjaya Group, JG Summit Holdings, Inc., and Sinar Mas. The round ranks as one of the largest initial funding rounds by any startup in Asia, and also for a FinTech company worldwide. Established in 2017 by the co-founders of revolutionary internet companies Skype and LU.com, Oriente describes itself as a financial services and technology company that is committed to unlocking financial inclusion for underserved communities in emerging Asia through a variety of bespoke-to-market digital and O2O financial solutions built around mobile technology.