Latvian lending platform DoFinance enters Asian market
Starting work in the Asian region, Latvia’s P2P or mutual lending platform DoFinance is the first in Europe to offer Asian investors to participate in Europe’s mutual lending market and secure EUcompliant service to Asian clients from the company office in Indonesia.
One month after the opening of the platform for investors in Latvia and Europe, DoFinance expands its activities to investors in Asian countries – Indonesia, Singapore, Vietnam, Thailand, Malaysia, South Korea, India, as well as Australia and New Zealand, the company says.
«The financial market in Asia is currently rapidly developing, becoming more stable in the process. As a result, demand for fintech or alternative financial solutions increases. Because of a large population and conservative bank sector, Asia’s market is an attractive destination for financial technologies. People in Asia search for opportunities for safe investments. They view the European financial market as very reliable,» says one of DoFinance founders Janis Kulikovskis.
He adds: «There is an enormous financial capital in our target market – SouthEast Asian region. We offer to invest this capital in Europe. The total GDP of this region is USD 2.3 trillion. On top of that, it grows an additional 5% every year.» Kulikovskis, who, according to information from the company, has been working in Asia’s trade, manufacture and logistics industry for many years, says that even though alternative financial services are performed online, customer service remains a very important part of this industry. ‘Our office in Indonesia provides us with a clear picture of the Asian market. It also offers clients the opportunity to communicate with our representatives who provide personal approach for every investor.’ DoFinance co-owner Viesturs Kulikovskis confidently says: ‘People are our company’s main value. Because of that, convenient, simple and user-friendly financial products and great customer service are our main priorities. All that is highly valued in Europe, and now it will be available for clients in Asia.’