Cashwagon becomes first associate member of Fintech Association of Sri Lanka

Thursday, 16 May 2019 00:00 - - {{hitsCtrl.values.hits}}

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.