Announced by Abelco on 29 June. Provides some qualitative...

Announced by Abelco on 29 June. Provides some qualitative commentary on how Smartfunding is progressing.

As a step to increase attendance and manage the portfolio better, Abelco Investment Groups (“Abelco”) CEO Johan Rooth now takes a board seat in the majority-owned holding company Fintech Asia Group Ltd (FAG).

FAG has its largest holdings in companies such as Smartfunding and Fatberry, but also Raja Premi and Kredito. As the companies Fatberry and Smartfunding are currently experiencing strong growth and have developed very positively in recent times, Abelco has been offered an additional board position to ensure information and growth.

Fatberry, which among other things develops and provides online insurance on the Malaysian market, has created strong growth recently with a sales increase of almost 200%. Smartfunding is in an exciting phase with several partners and collaborations through its launch of credit facilities for e-retailers and private individuals.