About us
Founded in 2021, we are a full-cycle debt management company with headquarters in Singapore, currently operating in India, Vietnam and Indonesia
12
customers
157
team
members
Type | Number of Debts* | Total Debt amount, $ |
---|---|---|
MFI | 428 578 | 85 336 866 |
Bank | 46 592 | 54 755 075 |
Our approach
Longan was built to revolutionize debt collection with fair treatment of consumers
Our industry
South and South-East Asia have experienced a rapid growth in lending, both consumer and corporate, over the last 15 years. Home to some of the largest financial institutions in the world, there is an obvious void in place of professional receivable management companies. We are here to fix this problem
- The rapid increase in debt has created a strain on bank balance sheets across the region
- The problem of indebtedness and growing NPLs is here to stay and expand due to the demographic prerequisites of India and the ASEAN region with a young and growing 2 bn population
- Progress in financial inclusion has resulted in higher levels of household debt over the last years
- NPL rates have grown in the region and now need careful management to avoid wider societal impact
XX
Tam (1)
(1)TAM (Total addressable market) — Total consumer NPL outstanding balance in each country estimated based on publicly available data from corresponding central banks, industry reports and Longan analysis
Management
Credit management industry experts in Longan team
Founders with 10-year successful traction of building fintech businesses