US credit report firm Experian has led a $28m investment in Indonesia's C88 Financial Technologies, which runs a number of financial marketplaces in Singarpore and the Philippines. The move will help Experian achieve greater presence in Southeast Asia, and follows its previous investment in India's BankBazaar last year. Under the latest deal, Experian's services will be embedded in C88's CekAja.com and eCompare.com platforms, while the funding will help C88 with expansion of its services, including the opening of a new markeplace in Thailand.
US credit report firm Experian has led a $28m investment in Singarpore's C88 Financial Technologies, which runs a number of financial marketplaces in Indonesia and the Philippines. The move will help Experian achieve greater presence in Southeast Asia, and follows its previous investment in India's BankBazaar last year. Under the latest deal, Experian's services will be embedded in C88's CekAja.com and eCompare.com platforms, while the funding will help C88 with expansion of its services, including the opening of a new markeplace in Thailand.