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Peak Group reaffirms strategic focus on FinTech investments in India

PEAKPeak Holding Group, an investment firm in the Venture Capital (VC) and Private Equity (PE) space in Asia, announced its strategy for 2020 and beyond, reaffirming its focus on the Indian market. The firm has been making PE investments since 2019 in India’s FinTech companies among which was in CashMama, a mobile platform providing financing services.

Anthony Wong, Chairman & CEO, Peak Group expounded, “Peak Group has come a long way in the past 10 years, spanning our investment footprint in big data, blockchain, artificial intelligence and other areas in Greater China and Singapore. Our understanding in the FinTech space deepened, our network within the ecosystem expanded and we achieved a highly successful investment track record. As the new decade unfolds, we aim to capitalize on our resources and expertise in cyber security, cloud service, digital marketing and mobile payment, and extend our strategic focus to India.”

As the upgrade requirements of the middle class fueled the rapid growth of the personal loan market in India, FinTech rose to serve a significant part of the unmet financing needs. Leveraging on mobile payment solutions, platforms such as CashMama provide easy access to ready information and products, facilitating financing decisions of individuals. Simultaneously, big data and advanced algorithms help build the credit record for an increasing number of individuals and enhance credit risk management for lenders.

Wong added, “The technological disruption in the Indian economy reminds me of what happened in China 10 years ago. Despite the economic cycles, India is still one of the fastest growing economies in the world. It’s openness to technology, especially the adoption of FinTech, has led to revolutionary changes in finance, consumer and many other industries. We see substantial opportunities in the Indian market. Having witnessed many successes and failures in the development and commercialization of similar new technologies in other parts of Asia, we can add tremendous value to both the companies we invest in as well as the consumers and tech users in India as a whole.”

Founded in 2008, the group operates in Singapore and Hong Kong. Its target markets are Hong KongSingaporeTaiwan, Mainland China, Southeast Asia, the United KingdomSouth Korea, and Japan. Through the development of intellectual capital for innovative solutions, Peak Group seeks to maximize long-term returns through diversified and structured investment portfolios.

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