🌍 Global
Fintech Company
Credit Culture
Credit Culture is a Fintech startup company that offers lending services through digital assistance. Based in Singapore, Credit Culture has a dedicated team of members who collectively have 30 years of experience in the Finance and Tech sector. Providing lending solutions Credit Culture offers credit with as low as 1% interest rate. The company’s online platforms also have various tools at its disposal to assist with your finances including providing a credit score for free. But at the core Credit Culture is about inclusion, infusion, and helping low-income band people, and communities get loans, and they offer that with technological assistance and innovation.
(Image Source: https://www.creditculture.sg )
Edmund is the man behind designing various products of Credit Culture, in this case loans.
Credit Culture got S$ 40 million in funding from a Malaysian listed Investment holding company RCE Berhad. The amount was used to reach more potential customers and expand Credit Culture’s growing footprint. This development opens Credit Culture to capitalize on the Malaysian Fintech market. They are also offering loan products in the Singtel Dash online payment platform.
Credit Culture offers an amazing array of digital loans that you can apply online in the platform’s web and mobile app. There are no physical visits for document approval, instead, you just need to go for an in-person interview to talk after the documents are approved via the web. The approval rates are high and the process is speedy, saving you on your mental and material resources. The interest on loan amount very rarely crosses 1%. You can apply for loans up to S$50,000. The duration to pay off the amount in maximum is 3 years. Typically loan applications exceeding S$30,000 have lower interest rates than comparative loans lower than that amount.
Image Source: www.freepik.com
Along with the loan you can also attempt to check your credit score. Credit Culture has partnered with an alternative AI platform called FairScore that produces credit scores for new borrowers or people who do not have a credit score as of yet. The process becomes beneficial in loan applications from future big institutions and banks.
Image Source: Freepik
Another good thing about the platform is that it's flexible. You can choose how you pay your lender. You can pay weekly, or monthly and also balloon payment in fixed tenors. You can do it at your convenience. It also does not have a late fee payment initially.
Image Source: Freepik
Another feature Credit Culture offers is, providing additional options for loan top-up in case of future needs. You can top up your loans, as per your requirements, and if you have all documentation in the right format, funds will be disbursed after a few taps on your phone.
Image Source: www.unsplash.com/
In October 2023, which is purportedly the Series A funding of the startup, amounted to S$8 million. The investment came from prominent companies like East Ventures, K&S Partners, and ACE Capital. The funding boosted Credit Culture to scale its operations, invest in its current products and launch new products in the market.
In October 2023, which is purportedly the Series A funding of the startup, amounted to S$8 million. The investment came from prominent companies like East Ventures, K&S Partners, and ACE Capital. The funding boosted Credit Culture to scale its operations, invest in its current products and launch new products in the market.
In October 2023, which is purportedly the Series A funding of the startup, amounted to S$8 million. The investment came from prominent companies like East Ventures, K&S Partners, and ACE Capital. The funding boosted Credit Culture to scale its operations, invest in its current products and launch new products in the market.
