First anniversary of Exaloan
Dear Exaloan Community,
Today marks a very important milestone for our team as we celebrate Exaloan’s first anniversary. In turbulent times, we are happy to take a moment, look back and share our experience and thoughts throughout this journey that got us where we are today.
Exaloan is a Frankfurt-based Fintech that specializes in developing machine learning tools for predictive analytics in digital loans. We provide institutional investors with cutting-edge technology to connect and invest in digital loans on a global scale with full automation and standardization across the market, according to their own risk preferences.
It amazes us to see, how what started as an idea has now become a reality. Over the course of just one year, we managed to expand from humble beginnings to our current hardworking team, whose ongoing quest for insights and tireless commitment we appreciate deeply. It never fails to impress us to see how the ideas we drafted on paper at the start of the company now became a product and a working business model. A crucial step in our journey is to surround ourselves with a network of trustworthy partners sharing our vision, and we are very grateful to have PWC on board. Their valued expertise has helped us set up and streamline our business and processes. Through their contributions, we can deliver on our promise of facilitating the deployment of compliant capital in the digital lending market.
In February, we have also kicked off our global expansion with the acceptance and incorporation into the German Accelerator Program South East Asia, an initiative of the German Ministry of Economics and Technology. Their ongoing support is invaluable to us in strengthening our footprint in one of the most vibrant regions in the world. With offices in both Frankfurt and Singapore fully up and running, we feel well prepared to tackle any challenges that arise in the future.
The digital lending market is projected to continue to accelerate due to rising technology penetration which will foster the digitization of lending markets and financial service institutions. More and increasingly better data will become available, which will help both borrowers and lenders find together on fairer terms. These factors combined with the services that we offer in the digital lending market continue to drive our business model forward.
In conclusion, we are grateful and proud of how far we’ve come and eager to continue working on our vision to close the global funding gap. Enthusiasm and anticipation are building around new opportunities and we look forward to another successful year and all the milestones and achievements to come.
Thank you to everyone who is accompanying our journey!
All the best and take care,