Finstar commits $50m to APAC region
Written by Chris Lemmon
Private equity firm Finstar Financial Group has committed to invest up to $50 million in APAC’s consumer lending sector, in line with its five-year plan to invest $150 million in the financial technology space globally.
The company is also planning a roll-out of its Digital Finance International (DFI) division in several large Asian economies in the near future. DFI centres on responsible lending, enabling customers in developing markets to access a method of financing that is affordable and fully compliant with regulation.
Finstar’s five-year investment plan, adopted in July 2017, is aimed at strengthening the group’s holdings in innovative consumer technologies and increase its portfolio exposure to high growth emerging markets across Europe, Latin America and Asia-Pacific.
Oleg Boyko, Finstar’s executive chairman and founder, commented: “We’re thrilled to announce our latest investment commitment in DFI and Southeast Asia. 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 capitalise on these emerging trends.
“DFI’s strong proposition, high quality management and excellent governance all reflect Finstar’s key principles and foundations,” he continued. “Our outlook is one of optimism and excitement, and we’re confident in seeing our investment deliver significant value for the long term, not just for Finstar but for billions of consumers worldwide.”