Fintech startup raises US$105m to boost Southeast Asian expansion

The initial funding round has attracted companies such as the Berjaya Group, JG Summit Holdings, Inc. and Sinar Mas.

Hong Kong-based financial services and technology startup Oriente has raised US$105m in an initial funding round, it said in an announcement.

The company aims to level up their technology and product development, scale multi-market operations and fuel the growth of Oriente’s digital solutions into new Southeast Asian markets.

Investments came from Oriente’s founders and companies including members of Berjaya Group, JG Summit Holdings, Inc., and Sinar Mas.

The company also said that they are looking to take advantage of the rising interest and investment in the digital lending space and governments’ goals for greater financial inclusion through adopting the latest technological innovations.

“Oriente was founded on the principles of inclusion and innovation to open financial access, freedom and opportunity for underserved people and microentrepreneurs, helping them build financial identities and participate in the global economy,” Oriente co-founder Geoffrey Prentice said.