MatchMove partners with P2P lender MoolahSense to extend service to SMEs

It aims to provide credit evaluation and capital distribution for SMEs.

Bank-as-a-service platform MatchMove has partnered with P2P lender MoolahSense to bolster its Spend.Send.Lend capability and provide access to financing to SMEs within its ecosystem, according to a press release.

The partnership aimed to offer credit evaluation and capital distribution for SMEs to address their problem in achieving scale and optimisation due to lack of credit and funding options from larger, established lenders such as banks.

MatchMove will be able to originate potential issuers and lenders from its client ecosystem, and in turn, grow its loan portfolio on the back of accessing new segments and structuring new product capabilities.

MoolahSense will also be able to access MatchMove’s network of regional partners, including creditworthy SMEs across Asia.