“Our ambition has always been to establish BigPay as one of the largest challenger banks in Southeast Asia,” said Salim Dhanani, the company’s chief executive officer, who added that BigPay plans to expand into Thailand and the rest of the region with personal loans and short-term lending.
“Closing this financing round gives us the ability to build out our offerings, accelerate product development and scale,” he said.
BigPay has also applied https://www.reuters.com/article/malaysia-banks-airasia-idUSL3N2OD30W for a digital banking licence in Malaysia as part of a consortium with Malaysian Industrial Development Finance Berhad and private equity firm Ikhlas Capital.
On Thursday, the airline said it had netted $56.83 million from a merger between Fly Leasing Limited and Carlyle Aviation Partners, and was working on a data-backed loan of up to $350 million.
(Reporting by Liz Lee; Editing by James Pearson)