Cashwagon

Cashwagon was a Singapore-headquartered fintech company that operated a digital platform for providing rapid, unsecured, short-term loans to consumers. Targeting the unbanked and underbanked populations, the company used mobile technology and data analytics to streamline the loan application and approval process. It achieved significant initial growth in markets such as the Philippines, Indonesia, Vietnam, and Sri Lanka. However, the company faced severe regulatory scrutiny and public complaints regarding operating without proper licenses, high interest rates, and aggressive debt collection practices, which ultimately led to the cessation of its operations in these key markets.