Fundraising on the up in consumer finance 12:07 | 02/03/2021
Consumer finance companies are taking different approaches to raise cash and gain a bigger slice of the landscape.
Black credits, such as from loan sharks, could be reduced significantly by promoting consumer finance, photo Le Toan
SSI Research has cited information from VPBankâs Board of Management that the due diligence process for FE Credit sale has been conducted. FE Credit, Vietnamâs largest consumer finance firm, is in negotiation with its potential partners, though the discussion progress is somewhat interrupted due to the pandemic.
However, VPBank expects the negotiation to be completed in the second quarter of 2021. If the two sides cannot reach a mutual agreement, VPBank would consider an initial public offering (IPO) for FE Credit by the end of this year.