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In Q4 2022, Moca by Grab ranked as the sixth most used digital financial platform in Vietnam with an 8% penetration rate, results from a survey of more than 1,500 consumers reveal. These incumbents had made a strong entry, collectively achieving a 23% penetration rate and securing the fifth position, the data show.
These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financialinclusion, and improving service delivery. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. million in loans.
The company utilizes data analytics and machine learning (ML) algorithms to conduct comprehensive credit assessments of SMEs, considering financial metrics, transactional dynamics, performance monitoring, and industry risks.
While wealthtech is traditionally associated with investing, solutions in this field also have a part to play in improving financialinclusion. “Critically, these wealthtech tools reduce the barriers to entry for individuals who are eager to begin investing. appeared first on The Fintech Times.
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