Additional investor Digital Horizon added USD 5.5 million. Honest Bank aims to become a leader of the credit card market in South-East Asia. The project got off the ground in Indonesia where only 3% of the population have credit cards.
The funding raised during the round will be used to receive a licence for credit card issuing. Honest Bank also plans to increase their headcount and open new offices in Bangkok and Jakarta.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.