Rai Capital dispatches in Cambodia
Rai Capital was established in 2018 and is driven by experienced fintech proficient Eddie Lee, Co-Founder and CEO, and Alex Chua, Co-Founder. The organization declared it is authorized and managed by the Securities and Exchange Commission of Cambodia (SECC).
In a press articulation, the organization says "it is intended for miniature business visionaries and people to advance monetary consideration in the nation, empowering the nearby business and little and medium undertakings (SME) people group the simple entry to credit or ventures."
What is Rai Capital?
The Rai Capital stage works on a portable application, accessible for download on Android, and on iOS. The application likewise fills in as a commercial center stage, empowering clients to gain advances carefully and to "installed appropriate financial backers around the district, for example, licensed or corporate financial backers and monetary organizations outside of Cambodia."
The Rai Capital site additionally says they are a "Crowdlending Platform for Small Business Owners and Entrepreneurs" yet they are settled in Singapore.
The CEO, Eddie Lee, said: "We established the organization seeing the chance to plug into the financing hole in Cambodia. We saw the absence of monetary incorporation because of the shortage of lenders, an enormous pool of SMEs and miniature SMEs who can't tap the help offered by banks or monetary foundations, just as the actual hindrances borrowers face when getting financing – requiring hours or as long as a day to go from country zones to the city-state, just to put in a couple of more weeks trusting that the credit application will be endorsed.
Rai Capital was conceived out of seeing that battle. Throughout the long term, Singapore has started to lead the pack in turning into the center point for inventive FinTech advancements. We are having our influence to bring FinTech into ASEAN beginning with Cambodia."
For financial backers on the stage, Rai Capital case the overall profit from speculation ranges somewhere in the range of 8 and 24% per annum.
Rai Capital Cambodia versatile application
Rai Capital Cambodia portable application
P2P Lending in Cambodia
The United Nations Economic and Social Commission for Asia and the Pacific said in Cambodia, 66% of MSMEs (Micro, Small and Medium Enterprises) face difficulties in admittance to working capital.
A similar report claims MSMEs represent 99% of the complete organizations in Cambodia, with most organizations having under ten workers.