Cashwagon Sri Lanka Recognized as the Fastest Growing Fintech Company at Recent International Business Award

SINGAPORE – Media OutReach – 15 November 2019 – Cashwagon, a fintech company,
offering a broad range of consumer financial products to those who are
underserved by traditional financial services, has been recognised for
excellence in Fintech with two industry awards, at the International Business
Magazine Awards in Sri Lanka recently. Selected for its unique ecosystem that offers
unparalleled convenience to customers when it comes to financial products, Cashwagon
Sri Lanka managed to bag the Fastest Growing Fintech Company Award, affirming its
commitment to offer innovative and affordable financial solutions that meet
customers’ needs. Cashwagon had previously raised US$29
million in Seed Round and Series A funding rounds from global investors.  

This award is not only a testament to Cashwagon’s
relentless drive to foster innovation by seamlessly connecting their customers
and lending partners. The award also recognises the team’s exemplary work in bringing
positive impact to the society, which also includes their Corporate Social
Responsibility (CSR) focused initiatives in Sri Lanka.

As part of Cashwagon’s continued CSR
focus towards children, Cashwagon Sri Lanka initiated its 7th overall CSR
campaign on World’s Children Day, in gifting valuable items in need to two
Rural schools in the Island. Namely, Kumbukwewa Maha Vidyalaya and Hilogama
Maha Vidyalaya were gifted with musical instruments and stationary items for
the children in these schools. As part of Cashwagon’s mission to drive
financial literacy and education, Cashwagon Sri Lanka also donated
computers and furniture for computer classes and the staff of the company was involved in renovating the
computer rooms of these schools, providing the proper start for school student,
to help their digital and computer education.

Recently, Cashwagon Sri Lanka also
scooped the Best Use of Technology in Finance Sector Award by the South Asian
Business Excellence Awards 2019. Sri Lanka was the first country where
Cashwagon started the business in April 2017 and was the first fintech company
in Sri Lanka to obtain ISO certification. Till date, the platform connected 200,000
borrowers with lending partners, which disbursed more than 730,000 loans within
Sri Lanka. The company prides itself as a fintech pioneer in the Sri Lankan
market and was one of the first digital platform to introduce rapid online
consumer financial services for underserved people.

For more information:

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