Bangkok, (28 September 2017) – Leading business information provider Business Online PLC. (BOL) invests into Online Marketplace Lender PeerPower Co. Ltd. (PeerPower).
With its proprietary technology to credit score borrowers and match them with lenders, PeerPower provides unsecured term loans which are Smarter: personalized interest rates for borrowers with credit scoring; Faster: get a loan offer in three days; Better: no need to pledge collateral and flexibility for early repayment.
Currently, PeerPower is awaiting Bank of Thailand (BOT) licensing on P2P lending and is in discussion to participate in the BOT Sandbox, a regulatory framework to bring Fintech innovation to market.
Mr. Jack Min Intanate, Director & Executive Chairman of BOL, says “As the leading business information provider in Thailand, BOL serves business owners both big and small. We believe PeerPower with its online marketplace platform provides a much needed service to the Thai market for both borrowers looking for time-sensitive loans and investors looking for yield. ”
Vorapon Ponvanit, CEO and Founder of PeerPower, believes that, technology will play a crucial role in improving financial services; “Our mission is to enable financial freedom and fairness. This includes supporting responsible financing decisions such as debt consolidation and supporting SMEs in their business expansion. We are delighted that BOL shares in our vision and investing in us.”
About Business Online Public Company Limited (BOL)
Business Online Public Company Limited provides full services business verification support including company information research, credibility check, business analysis, and debt collecting.
For more information: www.bol.co.th
About Peer Power Co. Ltd
PeerPower is an online marketplace lender based in Thailand. With its proprietary technology to credit score borrowers and match them with lenders, PeerPower’s mission is to provide better rates for borrowers and better returns for investors.
For more information: www.peerpower.co.th