Lending platform Digital Finance International has received a $50m investment from Finstar Financial Group, as the firm looks to boost its position in the APAC region.
DFI uses its technology and big data solutions to help increase financial inclusion, by offering those who are unserved by traditional institutions access to financing options. The company provides global consumers with access to loans, on a personal basis to ensure they receive what they need and in a way they can manage.
In the near future, DFI is planning to launch its services to several large Asian economies
Finstar executive chairman and founder Oleg Boyko said, “The rapid growth in consumer demand across the emerging markets offers exciting opportunities for fintech-enabled disruptive lending technologies. With our market-leading expertise, Finstar can capitalize on these emerging trends.”
Finstar has made this investment as part of the company’s five-year plan to invest $150m in the FinTech space. The company launched this strategy earlier this year and is hoping to increase its portfolio’s exposure to emerging markets across Europe, Latin America and Asia-Pacific.
Finstar is an international private equity group that primarily invests into FinTech, but has also invested in the financial services, IT, FMCG retail, media and real estate sectors. The firm looks to acquire majority stakes, with deals ranging between $20m to $200m, and a target IRR of 35 per cent.
Copyright © 2017 FinTech Global