| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | Vietnam |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
CashWagon
"Vietnam's app-lending crackdown killed CashWagon's core market overnight."
Forced closure by regulatory action
Key Events Timeline
CashWagon, a Singapore-headquartered payday lender operating heavily in Vietnam and the Philippines, faced a crackdown by Vietnamese authorities in 2022 who classified many app-based lenders as illegal.
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