Collectius strengthens position as debt management fintech leader in Asia with 100% increase in AUM and over 50% growth in portfolio, revenue and customer volume

Collectius doubled its assets under management (AUM) at US$5 billion, up from US$2.5 billion in the previous year. The debt management fintech leader also saw a 53% growth in portfolio volume with the acquisition of 19 NPL portfolios in 2021, along with a revenue growth of 53% and a 56% growth in customer volume. Over 40 new servicing clients were added, representing a phenomenal 3x growth, with 75% employee growth to a 700-strong team to support that. Its market entry into India and Vietnam and strategic acquisition in Thailand further accelerated its growth path in Asia, on the back of its landmark partnership with strategic investor IFC.

(PRWeb January 14, 2022)

Read the full story at https://www.prweb.com/releases/2022/01/prweb18425921.htm

Singapore set for first SPAC listings with Vertex Technology, Pegasus Asia

Singapore is set to welcome its first listings of special-purpose acquisition companies, or SPACs. Two such companies have lodged their preliminary prospectus with the Monetary Authority of Singapore. Vertex Technology Acquisition Corp (VTAC) is said to have started book building for its IPO, expected on Jan 21. Focusing on cybersecurity, fintech and other sectors, it’s backed by Temasek Holdings’ Vertex Venture. It’s looking to raise some $170 million. Another SPAC, Pegasus Asia, has also started the investment roadshow for its IPO. It’s said to be listing on Jan 25.

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Manufacturing sector leads growth in countries across Asia

The manufacturing sector looks to be leading growth in countries across Asia, as an increasing number of economies report improving factory activity. Consumer demand for goods is partly driving the growth even as the COVID-19 pandemic shows few signs of abating. Frederic Neumann, Co-Head of Asian Economics Research at HSBC, shared his thoughts on this.

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Rare Bird From Asia Spotted In Kansas Park

A Mandarin duck was spotted in a creek in Topeka, Kansas, at a park amongst other mallards.

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The ongoing challenges to democracy in Asia | DW News

Many regions in Asia saw challenges to their democratic form of governance in 2021. But there were always people who stood up to abuses of power. We look at how in Myanmar, Hong Kong, India and the Philippines.

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Looking back – the manifold effects of COVID-19 in Southeast Asia | DW News

A look back at how COVID-19 impacted South-east Asia this year and left not just death, but also hope in its wake.

Indonesia became the epicenter of the pandemic in Asia for a time in the summer. And where health care workers and volunteers kept the fight against COVID alive, despite the odds.

Political instability complicated Myanmar’s COVID response — leaving many to wonder if the ruling junta made the crisis even worse.

In Malaysia, one man made "afterlife vaccines" to comfort families who lost loved ones.

And in Thailand, keeping loved ones’ memories alive. How children of Bangkok’s famous street food vendors are carrying forward their food legacy.

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‘Completely inexplicable’: Sea eagle from Asia spotted along Taunton River in Massachusetts

People have been traveling to southeastern Massachusetts from all over New England, New York and Pennsylvania to try and catch a glimpse of the rare bird.

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If China dominates Asia, they’re going to intrude on our lives: Author Elbridge Colby

Ben Domenech sits down with author Elbridge Colby to discuss his new book, The Strategy of Denial: American Defense in an Age of Great Power Conflict.

Elbridge examines the impact of trust and resources, in regards to protecting American power across the world, in light of China’s strengthening desire for global dominance.

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US announces strategy to deepen ties with allies in Southeast Asia

The US has announced a strategy to deepen ties with allies in Southeast Asia. It includes plans to cooperate on defence and intelligence. US Secretary of State Antony Blinken has slammed what he calls "China’s aggression", as he spoke in Jakarta.

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