Credit Management Leader Flow Raises Debt Capital, Ramps up Acquisition of Loan Portfolios Across Asia

SINGAPORE, Sept.A 2, 2020 /PRNewswire/ -- Flow, the pioneering credit management company that is transforming the non-performing consumer loans (NPL) market in the APAC region through ethical, AI-powered collection strategies and systems, announced today that it has raised a round of debt capital that will facilitate the company's growth in loan portfolio acquisition.The undisclosed amount of debt capital was raised through Genesis Alternative Ventures ("Genesis"), Southeast Asia's leading private lender to venture and growth stage companies funded by tier-one VCs. Genesis was founded by a team of venture lending pioneers who have backed some of Southeast Asia's fastest-growing companies.Despite a very challenging COVID-19 environment, Flow has managed to secure capital that will enable the company to further acquire unsecured NPL portfolios. Since the announcement of its Series A funding raised in May 2020 (6 million USD of equity capital), this is the first time Flow has explored debt as an additional funding strategy. As Flow continues to grow and experience higher month-over-month revenues, even during the pandemic, acquiring debt capital at an attractive rate is key for the company to scale up its acquisition of NPL portfolios. NPL purchasing is a significant business vertical for Flow and debt capital used prudently can substantially enhance the IRR of purchased portfolios. The venture loan from Genesis will help Flow to execute multiple portfolio acquisition plans in Vietnam, Indonesia, and other select countries where there are anticipated strong growth trajectories."This funding from Genesis is another major milestone for Flow and for our debt portfolio purchase business in particular. In keeping with our mission, we can reach out to further support consumers in overcoming financial difficulties," explains Co-Founder and CEO Tomasz Borowski.Late last year, Flow met Genesis at a venture capital event hosted by Dymon Asia, another investor in Flow, and took the time to build the relationship. The relationship with Genesis supports Flow's mission of promoting ethical, responsible collection and financial inclusion to empower consumers in underserved economies in Asia.
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