AsiaCollect - a leading provider of integrated Credit Management Services (CMS) in Southeast Asia - has successfully raised USD4.5 million.
This was achieved after the company closed their recent investment round, which was headed by SIG Asia Investments, a global technology investment firm, and co-invested by Dymon Asia Ventures, the venture capital arm of Dymon Asia Capital. What’s notable was the fact Dymon Asia Ventures also invested USD1 million in AsiaCollect’s pre-series A equity round in August 2017.
According to Mr. Tomasz Borowski, chief executive officer and co-founder of AsiaCollect, the company is thrilled to have SIG on board due to their unique track record of picking winners in financial services.
“As we move into the purchasing segment of the value chain, we are increasingly attracting significant investor interest, both from an equity and debt standpoint. Moreover, investors view the debt collections business as a classic counter-cyclical play, which is becoming increasingly important as we move into what looks like the peak of this cycle,"added Borowski.
AsiaCollect will use the new funds to support growth initiatives, including client acquisition in its core markets, enhancements to its SaaS solution, expansion of its collections' infrastructure and teams, and to continue purchasing NPL portfolios.
