AND Global
AND Global is a Financial Technology as a Service company founded in 2015 and headquartered in Singapore. The company focuses on providing comprehensive solutions for modern digital banking, aiming to enhance accessibility to financial services for under-banked individuals. Through its innovative machine learning-based system, AND Global evaluates various data points, including traditional banking information, income, expenses, and non-traditional metrics like social media activity, education, and employment history. This multifaceted assessment allows the company to establish personalized credit limits and tailor financial products to meet the unique behaviors and needs of its clients.
LendMN NBFI
Acquisition in 2015
LendMN NBFI JSC is a non-banking financial institution based in Ulaanbaatar, Mongolia, that offers mobile phone-based financial services aimed at providing instant loans to under-served individuals. Established in 2006 and formerly known as Duusashgui Undarga NBFI LLC, the company rebranded in December 2016. LendMN's primary offerings include consumer micro-loans and Lend Wallet, a digital platform facilitating various financial transactions. Utilizing proprietary A.I. technology, LendMN analyzes user data to generate personalized credit scores, enabling clients to access collateral-free loans quickly. The initial loan approval process, from application to fund disbursement, typically takes around 15 minutes, while subsequent loans can be processed in just 2 minutes. The platform also features a rewards and loyalty system that incentivizes good repayment behavior, offering clients benefits such as larger loan sizes and reduced interest rates, as well as rewards for referrals and engagement with educational content. LendMN operates as a subsidiary of AND Systems LLC.
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