ROSHI Launches $15 Billion AI-Driven Lending Platform in Vietnam: A Game Changer for Fintech

ROSHI Launches $15 Billion AI-Driven Lending Platform in Vietnam: A Game Changer for Fintech

ROSHI, a leading digital lending platform, has made a significant move by expanding its services into Vietnam. This marks the company’s first foray into international markets since its founding, following successful operations in Singapore. The expansion comes on the heels of ROSHI obtaining a business license from Vietnamese authorities, enabling it to tap into the burgeoning demand for innovative lending solutions.

ROSHI’s Expansion Strategy in Vietnam

The company’s entry into Vietnam is underscored by its successful fundraising efforts, although specifics regarding the amount raised and the identities of the investors remain undisclosed. ROSHI has gained recognition for its unique approach to lending, utilizing AI technology to enhance and streamline the loan acquisition process.

Innovative Lending Solutions

ROSHI’s platform is designed to revolutionize the lending experience by offering:

  • Competitive rates: Providing attractive loan options for consumers.
  • Instant personalized offers: Delivering tailored loan offers that cater to individual needs.
  • Transparency: Ensuring a clear and accessible borrowing process.

This innovative approach aims to simplify borrowing and introduce unprecedented levels of transparency within the lending landscape of Vietnam.

Market Potential in Vietnam

With a projected credit growth rate of 15.08% in 2024, Vietnam showcases a ripe market for digital lending solutions. ROSHI plans to launch its consumer financing products initially, with potential expansions based on market demand and regulatory approvals.

Foundation Established in Singapore

ROSHI’s expansion is built on a strong foundation established in Singapore, where it has facilitated numerous loan approvals since March 2022. The full launch of its platform in Vietnam is anticipated in Q1 2025, following extensive integration with local banking partners and thorough market testing.

READ ALSO  Bitpanda Secures FCA Approval, Paving the Way for Exciting UK Expansion!

Vision for Southeast Asia

“Expanding into Vietnam represents a crucial step in ROSHI’s mission to enhance accessibility and transparency in lending across Southeast Asia,” stated Mr. Amir Nada, ROSHI Co-founder and CEO. He emphasized that the robust credit growth in Vietnam indicates a readiness for digital lending solutions that offer competitive rates and instant personalized loan offers.

Customer Satisfaction and Future Growth

Previously, ROSHI has received accolades for its effective service delivery and high customer satisfaction in Singapore, setting a positive precedent for its future operations in Vietnam.

For more information on ROSHI’s services and updates on their expansion, visit their official website at ROSHI or learn more about the lending market trends in Vietnam’s economic landscape.

Similar Posts

Strengthening Banking Security: Hong Kong Unveils New Information-Sharing Bill

Strengthening Banking Security: Hong Kong Unveils New Information-Sharing Bill

Bysupport

The Hong Kong Government has introduced the Banking (Amendment) Bill 2025 to enhance the fight against financial crime, particularly money laundering and terrorist financing. Key features include a voluntary information-sharing mechanism among authorized institutions (AIs), improved collaboration with law enforcement, and legal protections for AIs sharing information in good faith. Secretary for Financial Services and the Treasury, Christopher Hui, highlighted its importance in addressing global fraud and safeguarding Hong Kong’s banking system. Following a public consultation, the bill is set for its first reading in the Legislative Council on April 2, aiming to reinforce Hong Kong’s status as a leading financial center.

NSAVE Secures $18M to Provide Secure Offshore Accounts for High-Inflation Economies

NSAVE Secures $18M to Provide Secure Offshore Accounts for High-Inflation Economies

Bysupport

In response to economic instability, nsave has launched a new investment platform offering secure offshore accounts to help individuals in high-inflation economies safeguard and grow their wealth. The company recently raised $18 million in a Series A funding round, led by TQ Ventures and supported by prominent investors like Sequoia Capital and Y Combinator. nsave provides access to diverse investment options, including US equities and ETFs, through partnerships with regulated financial institutions in the UK and Switzerland. CEO Amer Baroudi emphasizes the mission to support financial inclusion and empower users to enhance their financial assets.

Exploring the Challenges: Why Countries Struggle with CSRD Implementation

Exploring the Challenges: Why Countries Struggle with CSRD Implementation

Bysupport

The European Commission’s Corporate Sustainability Reporting Directive (CSRD) has reshaped ESG reporting in the EU but faces challenges, leading to infringement proceedings against 17 member states, including Belgium and Germany, for non-compliance. Factors like complex requirements and resource constraints contribute to delays. Calls for a two-year moratorium on implementation have emerged from France, while Germany seeks adjustments for small businesses. This compliance delay poses risks for financial institutions, including penalties and reputational damage. Member states must respond to the Commission within two months or face potential escalation to the Court of Justice. Staying informed is crucial for businesses navigating this landscape.

Financial Crime in 2025: Harnessing AI and Industry Collaboration for a Safer Future

Financial Crime in 2025: Harnessing AI and Industry Collaboration for a Safer Future

Bysupport

The evolving landscape of financial crime emphasizes the crucial role of RegTech, as industry leaders prepare for challenges in 2025. A recent ebook by Salv highlights essential areas for financial firms to address in combating crime. Experts stress the impact of regulatory changes, advanced fraud tactics, and innovative technologies, particularly artificial intelligence (AI), which is expected to play a significant role in prevention. Predictions for 2025 include a shift to traditional criminal methods like social engineering and a need for enhanced public awareness. Effective collaboration and actionable cooperation among industry players will be vital for a safer financial environment.

BforeAI Raises $10M to Enhance Predictive Cyber Attack Intelligence Solutions

BforeAI Raises $10M to Enhance Predictive Cyber Attack Intelligence Solutions

Bysupport

BforeAI has raised $10 million in its Series B funding round, led by Titanium Ventures, with participation from SYN Ventures, Karista, and Addendum Capital. This funding will enhance BforeAI’s predictive attack intelligence capabilities, particularly its PreCrime platform, which anticipates cyber threats and averts breaches on average 18 days in advance, boasting a mere 0.05% false positive rate. The company plans to use the capital to expand into sectors like utilities and healthcare, enhance its platform, and strengthen partnerships. CEO Luigi Lenguito expressed optimism about growth opportunities, while BforeAI was recently recognized as a 2024 Gartner® Cool Vendor™.

Raenest Secures $11M in QED-Led Funding to Revolutionize Global Banking Solutions

Raenest Secures $11M in QED-Led Funding to Revolutionize Global Banking Solutions

Bysupport

Raenest, a FinTech company enhancing financial access across Africa, has secured $11 million in Series A funding, raising its total venture capital to $14.3 million. Led by QED Investors, with participation from Norrsken22 and others, this funding will support expansion in Nigeria, Kenya, and entry into the U.S. and Egypt. Founded in 2022, Raenest offers multi-currency accounts, international payments, and services for over 700,000 customers and 300 businesses. Additionally, it operates Geegpay, designed for Africa’s gig economy. CEO Victor Alade emphasizes their commitment to overcoming financial barriers for Africans and driving economic empowerment.