CTOS DIGITAL is expanding its footprint into Indonesia and the Philippines through the acquisition of leading telco credit scoring companies marking the company’s inaugural entry into these markets.
The acquisitions include 100% equity interest in Finscore Inc. (via Fintech Platform Ventures Pte. Ltd.), a distinguished organization renowned for its innovative credit scoring technology in the Philippines for USD5.9 million; and 80% equity interest in PT Prime Analytics Indonesia (via Alt Decisions Pte. Ltd.), a new and fast-growing credit scoring company in Indonesia for USD475,000
“We are excited to embark on this remarkable journey as we enter the dynamic markets of Indonesia and the Philippines,” stated Erick Hamburger, Group CEO of CTOS Digital.
As CTOS Digital integrates its capabilities with the acquired telco credit scoring companies, it aims to leverage its strong market presence and expertise to provide an unparalleled suite of credit-related products and services. CTOS Digital is set to
establish a leading alternative data platform, revolutionizing credit assessment and empowering financial inclusion in the ASEAN region. The alternative data platform will play a pivotal role in addressing the challenges faced by traditional credit scoring models, which often overlook individuals without a substantial credit history.
