DragonLend signs term sheet with leading fintech financier in Southeast Asia for additional credit line of approx. 11 MSEK
Fram Skandinavien AB (publ) announces that the company's subsidiary DragonLend has signed a term sheet with the Singapore-based fintech company, Aspire, to finance DragonLend's loan book with a further approx. SEK 11 million (MUSD 1.20) in a drawdown structure (ie a structure where the credit can be used gradually as needed).
"We are really excited about this funding from Aspire, especially as they focus on working with the fastest growing tech companies in the region. In DragonLend's segment, we continue to see healthy and strong borrowing needs from small profitable companies that are in need of working capital. Even during a relatively unpredictable year such as 2021, DragonLend managed to both grow and attract new significant investors. Now we are confidently looking forward to a year where hopefully 'lockdowns' are completely behind us, given a fully vaccinated adult population and a local Vietnamese economy that continues to develop strongly thanks to its underlying long-term growth engines. ", says Max Bergman, CEO of Fram ^ Fintech.
For further information, please contact
Christopher Beselin, board member & acting CEO
Phone: + 84-34-71273 14
Email: [email protected]
Son Ngo, Finance Director
Phone: + 84-91-8157680
Email: [email protected]
Svensk Kapitalmarknadsgranskning AB (SKMG), +46 11 32 30 732, [email protected]
Briefly about Aspire
Aspire is a Singaporean fintech company with operations in several countries in Southeast Asia. Aspire offers tech companies a complete solution for the ongoing finance function and growth capital. From the start in 2017, the company has gone from initially only focusing on lending, to now offering a more "all-in-one" software solution (cf. "SaaS") as a complement to financing. Among Aspire's investors are the well-known VC companies from Silicon Valley, e.g. Sequoia and Y Combinator, but also Thailand's leading commercial bank, KBank.
Briefly about Fram ^
Fram^ is a listed investment company focused on the digital consumer, blockchain and other tech in Southeast Asia. The management group and board of Fram^ have over 75 years of joint experience of company building and investments, primarily in emerging markets. The company management's collective experience from global and regional leaders such as Kinnevik, Cevian Capital, McKinsey & Company, Rocket Internet, Ericsson, Lazada and Bima constitutes a multifaceted and necessary foundation for successfully investing in companies in emerging markets.
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Rättelsen hänförs till felaktig referens till Marknadsmissbruksförordningen (MAR) som nu tagits bort i detta pressmeddelande.
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