[Finaccel, a digital credit card company that serves Indonesian consumers, raises $90 million in Series C funding]

Finaccel, based in Singapore, is offering Indonesian consumers a digital credit card service that can be used to buy goods online. The company raised $90 million through a Series C equity round, which will be used to expand its operations in Indonesia.

The company said the financing will be used to recruit new talent to further expand its financial services range and expand to serve more regions, including Indonesia and Southeast Asia.

YounitedCredit expands B2B youth lending in Europe

It is reported that the company is currently serving 6 European countries, specifically, youth business solutions services in two aspects:

Service Credit: This service enables a financial institution such as a bank, insurance company or mutual party to utilize a youth credit platform (technology, business life cycle management team, credit, scoring expertise, banking license) to initiate or enhance existing financing activities. The solution is customizable. The use of the platform can be end-to-end or modular, depending on the specific needs of each company. Because Youned is a licensed lender, activity can take only a few weeks to get off the ground.

Credit payments: The second proposal is more specific to companies that sell goods and services, such as e-merchants, mass-market retailers, telephone operators and payment service providers. They can now offer credit and monthly instalments to their customers for up to 48 months.

[Sedania aims to provide financial services to Islamic users]

Sedania, aimed at the Islamic market, may offer to facilitate customers' Islamic finance needs through personalized profile checks as well as approvals and payments.

According to their press statement, the new portal offers a range of Islamic personal financing products and Islamic credit cards.

In the last year alone, companies such as Bbaazar, GoBear, Covergo, Qompanion and GetCover have closed or scaled back their existing operations in Malaysia. Even well-funded firms such as Bazaar are backed by the likes of Segiloa Capital and Amazon. They still haven't had much success in the Islamic market.

With existing players such as RinggitPlus, iMoney and LoanStreet all offering Islamic financial products on its platform, it is unclear whether Sedania will ever see the light of day