21 Dec 2017 | 07:40 PM
A senior executive from Cash Credit, the first lending platform based on Telco behavioural data was awarded Fintech CEO of the year award by the UK based Corporate Vision Magazine. Diana Krumova, CEO of Cash Credit Philippines and Group Commercial Officer at Cash Credit Group, has won the prestigious award that recognizes leaders in banking, finance, technology and analytics that spearhead innovation and disrupt mainstream business models.
Cash Credit is the first Fintech that lends from its own balance sheet, based on credit scoring and decisioning using behavioral and psychometric data from Telecoms and other partners.
The company is currently operating in Eastern Europe, Africa and in the Philippines in South East Asia. In the Philippines, Cash Credit partners with the leading telco, Smart Communications Inc. and its digital arm Voyager Innovations.
The International launch team of CC, led by Diana Krumova has launched first operations in South East Asia in the Philippines mid 2016 and has completed a very successful pilot granting unsecured credits to more than 30,000 unbanked Filipinos in collaboration with the leading Telco.
Diana Krumova is also trustee of Fintech Alliance, the first formal association which main purpose is to promote social impact, drive financial innovation and to create a common ground for discussion of future technology and finance.
After the successful proof-of-concept, CC Philippines is now focused to expand the services of the company nationwide and is available in more than 20,000 points of sales, partnering with companies such as Western Union’s largest agent network in the Philippines, 7/11, Bayad, SMART, Voyager Innovations and ECPay.
The FinTech CEO of the Year Award is among the twelve 2017 Business Women Awards by Corporate Vision (CV) Magazine. Corporate Vision is dedicated to working around the clock to shine a spotlight on the brightest, best performing and most deserving companies and individuals from around the business world.