In brief: Indonesian fintech startup CashCash banks ‘multi-million dollar’ funding

CashCash, an app that recommends and distributes financial products, recently closed a multi-million dollar series A round, with Creation Partners Capital as lead investor. Zhen Fund, Zero2IPO, and Rong360 were co-investors. Currently the app features products from more than 60 Indonesian online loan platforms. It has up to 700,000 monthly active users. The startup will use the fresh capital to expand into other financial services such as e-wallets. It is also preparing to enter the Philippines, India, and Vietnam.

Source: KrAsia