Finology Closes Pre-Series A to Scale Embedded Finance APIs in APAC
Finology, an Asia-Pacific fintech company focused on embedded finance infrastructure, announced the completion of a pre-Series A funding round on September 26, 2023. The round was led by Silverlake Group, with participation from The Hive Southeast Asia and Malaysian Technology Development Corporation (MTDC). While the exact amount was undisclosed, the investment will be used to scale Finology's API-powered lending and insurance solutions.
The company targets financial inclusion for underbanked populations across the APAC region by enabling partners to embed financial products into their platforms. Finology's infrastructure allows non-financial companies to offer lending and insurance services through simple API integrations. The backing of Silverlake Group, a major APAC technology investor, underscores the strategic importance of embedded finance in emerging Southeast Asian markets.
The company positions itself as a key enabler of financial inclusion through technology-driven distribution of financial products.
- Highlights the growing embedded finance opportunity in APAC's underbanked markets, where API-driven distribution can leapfrog traditional banking
- Silverlake Group's involvement signals institutional confidence in embedded finance as a financial inclusion strategy in Southeast Asia