1 week Ago By Lauren Hinton
Fingular , a Singapore-based global neobank, renowned for its disruptive role in accelerating financial inclusion and fintech innovation, was recently recognized as one of ‘The Next 100 Global Companies’ by the Global Banking and Finance Review, a leading financial media platform with over three million readers worldwide. Fingular was selected as the winner for the FinTech award for its innovative, technology-driven financial solutions designed to meet underserved communities’ needs and its innovative approach to driving the mission of reducing the emerging market credit gap. Launched in Singapore in late 2021, Fingular is a salient example of a next generation neobank, having already rolled out digital financial services in Indonesia, Sri Lanka, Malaysia and India, and aiming to become a major global player serving over 30 countries by 2030.
The company has delivered stunning results this year. In July, the company announced its first profitability in just 9 months since inception in Malaysia, its strategic market, where Fingular launched the country’s first fully online digital lending business under the Tambadana brand. The company also became one of less than 1% of lending companies to secure an advanced digital lending license ahead of expected business scaling.
In August, the company announced the launch of a BNPL business under the AhaPay brand. In August Fingular achieved a major customer acquisition milestone – 4 million registered customers across South and Southeast Asia, making it a serious competitor to both traditional and neobanks in the region and globally. In September and October, Fingular announced upcoming expansions into Qatar and Bangladesh, with ambitious long-term goals in full-blown digital retail banking and achieving historic breakthrough in financial inclusion in one of the world’s most financially underserved countries, respectively.
The Next 100 Global Companies to watch highlights some of the most exciting, innovative, and promising businesses from around the world. The list recognizes companies at the forefront whose strategy, achievements, dedication, and leadership of those who demonstrate outstanding achievement and are committed to delivering the products clients need and the results clients want, acting as a catalyst for the industry. “ This recognition reflects the intense work and high motivation of the entire team.
We have been identified as one of the best and most innovative global fintech and have received confirmation of the exceptional performance of our distinctive digital business model that promotes financial inclusion worldwide. We are extremely motivated to move forward with the explosive growth of our business and the expansion of our innovative product range. We expect to record a ten-fold growth in Malaysia this year, not to mention other countries ” – said Maxim Chernuschenko, CEO Fingular.
“ We are honored to be included in ‘The Next 100 Global Companies’. This award emphasizes our strategic focus on improving the life quality of billions of people. We create value for our customers by accelerating their involvement in the financial system, the availability and quality of financial services, while introducing innovative and fair customer-centric digital products.
We plan to develop just as quickly and explore new markets, but, again, the social function of business matters a lot. We are just at the beginning of this exciting journey that can be successfully passed only through continuous innovation and customer focus ” – added Fingular strategic backer Vadim Gurinov, Cypriot investor and entrepreneur. Global Awards 2024: Top 100 Companies to Watch.
