Cambodia loans app gets funding ahead of fintech boom

In Cambodia, the average loan size is now among the highest in the world, with around 2 million borrowers owing a record US$2.8 billion. It’s not a healthy situation, with experts warning of a bubble in the Southeast Asian nation of 16 million.

Despite this scenario, Yuta Nagano’s Cambodia-based microloans startup today secured funding to help it tap into this growing market for small loans.

In full: https://www.techinasia.com/cambodia-app-spean-loan-funding

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