Oriente: Oriente is positioned to roll out its tech infrastructure in Southeast Asia after raising $50 million in funding

This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning.To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here.The Hong Kong-based startup has raised $50 million in its ongoing Series B funding round, according to TechCrunch. Launched in part by Skype cofounder Geoff Prentice, Oriente develops end-to-end digital financial services infrastructure that uses AI, machine learning, and data science. The startup targets both consumers and Business Insider Intelligencesmall- and medium-sized businesses (SMBs). The new funding will be used for Oriente to grow in its existing markets - namely the Philippines and Indonesia - and expand into new countries, including Vietnam. The startup also plans to continue improving its technology and products, such as real-time credit scoring, digital and offline-to-online lending, and other tailored financial services.The new funding will help Oriente expand its tech infrastructure to emerging Southeast Asian (SEA) markets - the region is particularly open to digital financial solutions due to its large underserved consumer base and lack of opportunities for customers to connect with SMBs.See the rest of the story at Business InsiderSee Also:Singapore Management University, Tradeteq experiment with quantum computing-based credit scoringChase is warning PPP applicants about backlogs ahead of the latest stimulus packageSingapore Fintech Association and Razer Fintech partnered to support Singapore's fintech industry amid the pandemic