Machine learning -powered lending startup DIGICRO Pte Ltd raised US$800,000 in a Pre series A funding round. New investors including Asia Sustainability Group and other individuals participated in this round.
DIGICRO claims to have raised a total of US$1.1 million to date.
With the investment, the Cambodia- based fintech startup plans to inject more in micro loans as well as its operation to grow the team.
The startup offers micro loans to Cambodian, ranging from $50 up to $1,000 to help their small business through its mobile app Spean Luy applying big data from customers smartphones to give credit scores.
As of July 2019, DIGICRO has had 60,000 downloads and disbursed US$ 140,000 to the unbanked people in Cambodia.