Home / Financial Services/ Cashwagon becomes first associate member of Fintech Association of Sri Lanka

Cashwagon becomes first associate member of Fintech Association of Sri Lanka

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 16 May 2019 00:00


Cashwagon Sri Lanka CEO Samila Fernando announced the news of the company’s acceptance by FASL, noting: “We are very proud to be chosen the first company in Sri Lanka to obtain membership in such a respectable organisation as FASL. It confirms our strong leadership position in the market and will boost Cashwagon’s reputation in Sri Lanka and across the APAC region as a trustworthy partner. In doing so, we hope Cashwagon will be increasingly seen as the platform of choice for loan seekers throughout the country.” 

The Fintech Association of Sri Lanka (FASL) is an independent, non-profitable, and cross-industry organisation representing the Sri Lankan and global financial technology communities. Its role is to support development, innovation and investment in the fintech sector; goals which align with Cashwagon’s vision to create a new era of consumer finance in Asia and to drive financial inclusion in ways that traditional banking cannot. 

Cashwagon believes that this associate membership will help to bring a new reality of greater financial inclusion one step closer to the people of Sri Lanka. Cashwagon’s digital platform provides quick and easy access to credit resources; helping people who find traditional financial providers hard to access. Customers just need to download Cashwagon mobile application, fill the online registration form and get money from different lending partners within few minutes. 

Cashwagon is a well-established global brand, with operations in five countries: Sri Lanka, Indonesia, Vietnam, Malaysia and the Philippines. Cashwagon’s financial technology products are delivered via an innovative platform powered by A.I. (Artificial Intelligence) and Big Data. It’s a solution that’s positioned to meet the demands of today’s increasing online culture. The platform connects partnered loan originators and their clients, helping to facilitate online loan applications, processing, scoring, contract execution and loan disbursement.

Since its Sri Lankan release in April 2017, the Cashwagon platform has grown to include 120,000 unique clients who have received 410,000 loans in Sri Lanka from Cashwagon’s lending partners. Cashwagon is a proud pioneer of fintech in the Sri Lankan market and was the first digital platform to introduce rapid online consumer financial services to historically underserved communities.


Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Trendvertising: The new world of communication in a hashtag world

Tuesday, 20 August 2019

Rahul Bose, an Indian actor, caught a lot of attention for a video post that went viral, where he complained about the price of bananas during his stay at a five-star hotel in Mumbai. As he explained in his story – he went to the gym at his hotel w

Company Law intertwined with Income Tax – Understanding the nexus! Part II

Tuesday, 20 August 2019

A comparison and analysing the impact of corresponding provisions of Companies Act No. 7 of 2007 and Inland Revenue Act No. 24 of 2017 reveals invaluable insights corporate management must be aware of in day-to-day management activities as well as st

Will ‘10 February’ be repeated?

Tuesday, 20 August 2019

Whilst Sri Lanka is in election mode, the thought crossing every Sri Lankans mind is, ‘Will the 10 February 2018 elections behaviour be repeated?’ given the head-start that ‘Brand Gota’ has got. Whilst many are speculating who will be the fig

Shanta Devarajan: Economist who cannot get disconnected from his motherland

Monday, 19 August 2019

For me, Shanta Devarajan, formerly the Acting Chief Economist of the World Bank Group succeeding the Nobel Laureate Paul Romer and presently Professor at Georgetown University, USA, was a legend by himself. When I met him in early part of the new mil

Columnists More

Special Report