Crowdo…(nomic) expands into Indonesian P2P lending (& shortens its name)
11 July 2015: Singapore based platform Crowdo(nomic) has rebranded and announced it is moving into Peer to Peer lending in Indonesia. After running a beta pilot for around 200 companies it will offer collateralised loans for select investors. Cofounder Leo Schimada said that Indonesian SMEs are underserved by banks and that their platform would offer lower interest rates. Building on its recent Malaysian equity licence, Crowdo states that it is the first SE Asian platform to offer both debt & equity crowdfunding.