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Technology

Singapore fintech learns from debt blowup of China, Greensill

After crowdfunding scams and meltdowns, Softbank-backed startup welcomes regulation

Funding Societies CEO and co-founder Kelvin Teo says he would be happy to see a well-regulated fintech sector in Southeast Asia. (File photo by Shinya Sawai)
LIEN HOANG, Nikkei staff writer | Singapore

HO CHI MINH CITY -- Southeast Asia's biggest lending startup sees a cautionary tale in China, where a decade of freewheeling growth in digital loans collapsed spectacularly under the weight of frauds and crackdowns.

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