Cashwagon Pte Ltd carries off the Digital Award for Financial Services in SBR's first-ever Technology Excellence Awards | Singapore Business Review

Cashwagon Pte Ltd carries off the Digital Award for Financial Services in SBR's first-ever Technology Excellence Awards

The Cashwagon digital platform leverages artificial intelligence and big data to provide information about financial services and the opportunity to apply for loans online.

Cashwagon Pte Ltd’s innovative IT platform grants online access to a broad range of financial products created for the 80% of people in Southeast Asia who feel excluded and underserved by traditional financial services.

The digital platform leverages artificial intelligence and big data to provide customers with helpful information about financial services and the opportunity to apply for loans online.

The application and payout processes performed on the platform are uniquely efficient – taking just minutes. This ease of access provides relief to users who are stressed from financial challenges and seeking immediate solutions.

The Cashwagon P2P platform has its own cutting-edge, automated digital solution, which uses machine learning technologies. Big data is the driver of nearly all decision-making, leveraging data from thousands of credible sources to provide sound analysis and incredibly precise outcomes. In terms of fairness, it is unrivaled – making decisions without the bias of human intervention.

The platform’s adaptable, digital design paves the way for prompt changes such as updates, new features, and additional services. The agile nature mirrors the modern world’s rapidly evolving trends, boasting three pertinent qualities: digital, flexible, and fast.

At present, the platform has near one million users across six countries in Southeast Asia. It has achieved this milestone in less than two years, and the number of users and the positive reviews continue to grow.

Meanwhile, local partners of Cashwagon receive the necessary digital tools to run their successful lending businesses. These tools are empowered by superior, cutting-edge technology that benefit said partners as customers gain access to financial services that cater to their needs.

Cashwagon’s alternative digital services operate outside of traditional financial systems, working for the many instead of the few and affecting positive change on the entire financial environment.

Recognising Singapore’s leading companies in technology innovation, the Technology Excellence Awards lauds outstanding companies that have pioneered ground-breaking IT products and solutions and implemented truly innovative technology initiatives that have made an impact in their business.

The Technology Excellence Awards, presented by Singapore Business Review, was held on 30 May 2019 at the Conrad Centennial Singapore.

This year’s nominations were judged by a panel consisting of Cheang Wai Keat, Head of Advisory, Ernst & Young LLP; Darwin Thio, Director, Cybersecurity & Technology Services, Nexia TS; Daryl Pereira, Head of Cybersecurity, KPMG; Evelyn Lim, Executive Director, Tax Advisory, BDO LLP; and Jonathan Kok, Co-Head of Technology, Media & Communications Industry Group, RHTLaw Taylor Wessing LLP.

View photos from the awards ceremony here.

If you would like to join the 2020 awards and be acclaimed for your company’s exceptional technology innovations, please email Julie Anne Nuñez at 

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.
Total property income decreased by 4% but was offset by the decline in expenses. 
This is under the Special Situation Fund for Startups investment scheme. 
Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.
It plans to expand in the coming months, on the back of China’s economic recovery.
Funds will be used to modernise its portfolio.
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
The Mapletree group of companies led the index on 28 July.
A total of 120 flats sold for more than $1m as of the first seven months of the year.
There was a total of 200 auction listings in the second quarter, 40 of which were residential properties.
Singapore’s top 20 most traded manufacturing-related stocks have a combined market value of $98.8b.