SINGAPORE, Oct. 30, 2017 /PRNewswire/ -- AsiaCollect, a Southeast Asian leader in professional Credit Management Services ("CMS"), launched CMS Advisory Services, which is the first offering of its kind in the region. CMS Advisory Services target consumer loan originators, and support them in bringing the performance of their CMS operations to a new level of operational quality, in terms of collection efficiency, cost effectiveness, and internal controls. The launch of this first-of-a-kind product in the region further cements AsiaCollect's leadership in bringing world-class know-how and technology for Credit Management Services to SEA.
In conjunction with the Advisory Services product launch, AsiaCollect secured first clients for this product in Indonesia and Philippines, marking the Company's first expansion to these considerable markets. Operating in Vietnam since Q4 2016, AsiaCollect is continuing to grow rapidly, having more than doubled its Vietnam revenue run-rate in Q3 2017 on a quarter-on-quarter basis. The expansion into Advisory Services, as well as geographically into Indonesia and Philippines, is expected to further accelerate the Company's already rapid growth.
Founder and CEO of AsiaCollect Tomasz Borowski commented: "The expansion into CMS Advisory Services is consistent with our strategy of becoming the first full-service CMS company in the region. The Advisory Services proposition will enable us to achieve deeper partnership with our clients, and help them optimize the performance of their CMS operations across the entire value chain. The fact that we were able to secure first clients for this offering in Indonesia and Philippines, where we are not yet present with our core CMS Outsourcing product, supports our view that the massive growth of the consumer finance market across the region is creating significant demand for a high quality integrated CMS offering. We look forward to completing our product line next year by introducing CMS SaaS and Debt Purchasing products, as well as rolling out the entire product line across all of our geographies, for the maximum benefit of our clients."
AsiaCollect seeks to become the strategic CMS partner of choice for its consumer lender clients. It targets Vietnam, Indonesia, and Philippines, a huge market with 435 mln population, where it expects the consumer lending market to grow by a factor of 5-10x and generate over $40 bln of Non-Performing Loans in the next 5 years.
About AsiaCollect
AsiaCollect (www.asia-collect.com) is a pioneer in providing integrated world-class Credit Management Services ("CMS") in Southeast Asia. Focused on the $40 bln growth opportunity in non-performing consumer loans, AsiaCollect delivers maximum CMS efficiency for its clients through an integrated product offering, which includes CMS Outsourcing, CMS Advisory Services, Debt Purchasing, and Software-As-A-Service. AsiaCollect ensures that every debt solution reaches an optimal outcome for debtor as well as creditor, and operates on a world-class Code of Ethics, backed by a stringent set of operational risk control processes. Headquartered in Singapore, the Company is active in Vietnam, Indonesia, and Philippines. AsiaCollect was seeded and developed by FORUM, the largest fintech venture builder in Emerging Asia.