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Part of the funding will be used to increase Jeff’s team from about 15 people now to more than 40 employees for its offices in Latvia and Southeast Asia. While one of Jeff’s main features is loan comparison, the company has started expanding its offerings because most people only borrow money once in a while.
Though it is based in Latvia, Jeff will continue focusing on unbanked people in South and Southeast Asia, said founder and chief executive officer Toms Niparts. Jeff currently claims more than 300,000 users in Vietnam. ” The number of fintech startups focused on financial inclusion is on the rise across Southeast Asia.
It will aim to make the European Union the most attractive place to create a startup, in comparison with obvious global leaders like the U.S. Now, before you think I’m about to bore you to death, you might like to know that the SNS is a huge political initiative. Therefore, its significance is not to be underestimated.
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