Brankas and Boost Capital transforms lending in Southeast Asia with chat-based loans

LoanLink simplifies the lending process by eliminating manual procedures, complex integrations, and incomplete applications. The platform allows traditional banks, fintechs, and other financial institutions to offer seamless, chat-based loan applications, broadening their market reach beyond physical branches. This innovative approach not only enhances customer convenience but also reduces operational costs.

Todd Schweitzer, CEO of Brankas, expressed excitement about LoanLink’s potential to transform the lending landscape. “Fintechs and businesses can now easily enter the lending space by leveraging this out-of-the-box platform, leveling the playing field and empowering borrowers to choose the best lender based on user experience and rates.”

The LoanLink process is straightforward: applicants begin by applying via chat, complete electronic Know Your Customer (eKYC) procedures, upload necessary documents, and link their accounts. Approval is granted within minutes, and borrowers can manage repayments through the same chat interface, significantly improving borrower satisfaction and operational efficiency.

LoanLink is the result of a partnership between Brankas and Boost Capital, combining Brankas’s advanced open banking APIs with Boost Capital’s white-labeled tech platform. Together, they deliver a comprehensive solution that enhances the borrower experience while providing financial institutions with the tools needed to succeed in a rapidly evolving market.

Gordon Peters, CEO of Boost Capital, highlighted the significance of this collaboration, noting that it equips banks and fintechs with cutting-edge digital lending tools in today’s competitive landscape.