TLDR:
Key Points:
- Forbes Asia has named the 30 Under 30 Fintech Entrepreneurs who are facilitating access to capital in Asia.
- Entrepreneurs like Aleena Nadeem of EduFi, Abdul Gaffar Sadi of Dhaka-based Drutoloan, and Aalesh Avlani of Credit Wise Capital are making significant impacts in their respective countries.
In the June 2024 issue of Forbes Asia, the 30 Under 30 Asia Entrepreneurs in Finance & Venture Capital are revolutionizing the way consumers access capital, particularly in the education and small business sectors. Aleena Nadeem, founder of EduFi in Lahore, is helping lower-income families in Pakistan fund their higher education through monthly tuition payments instead of lump sums at the beginning of each semester. EduFi has seen tremendous growth in the past year, partnering with colleges and securing a $6.1 million pre-seed round.
Meanwhile, Abdul Gaffar Sadi, MD Tushar, and MD Shahidul Islam founded Dhaka-based Drutoloan, a company that assists micro and small businesses in Bangladesh obtain loans from banks and financing companies. They have disbursed over $2 million in loans since their inception in 2019.
In India, Aalesh Avlani’s Credit Wise Capital specializes in providing motorcycle loans in tier-2, 3, and 4 cities. CWC’s innovative use of technology, such as a WhatsApp bot for credit scoring, has enabled first-time credit buyers to access loans and improve their livelihoods.
Lastly, Mikaela Reyes’s Manila-based startup Parallax aims to make cross-border payments easier and more affordable. With customers from over 150 countries, Parallax raised $4.5 million in seed funding in September 2023.
These young entrepreneurs are not only revolutionizing the fintech industry in their respective countries but also making a positive impact on education, small businesses, and global financial transactions.
