OctiFi provides instant loans to responsible spenders. It offers digital credit services including installment payment services, buy now pay later services, and more. It was founded in 2019 and is based in Singapore.
Expert Collections containing OctiFi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OctiFi is included in 2 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Y Combinator W21 Demo Day
W21 YC Cohort - Demo Day Company List
Latest OctiFi News
Feb 17, 2023
BNPL payments are expected to grow by 20.6% on an annual basis to reach US$1,270.4 million in 2023. The BNPL payment industry in Singapore has recorded strong growth over the last four quarters, supported by increased ecommerce penetration. Medium to long term growth story of BNPL industry in Singapore remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 11.3% during 2023-2028. The BNPL Gross Merchandise Value in the country will increase from US$1,053.3 million in 2022 to reach US$2,165.7 million by 2028. This report provides a detailed data centric analysis of Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. It breaks down market opportunity by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spend dynamics in Singapore. KPIs in both value and volume term help in getting in-depth understanding of end market dynamics. The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities. Reasons to buy Get a comprehensive understanding of market dynamics for Buy Now Pay Later: Identify market opportunities, major trends, and forecasting (2019-2028). Understand market trends through crucial KPIs like Gross Merchandise Value, Volume, and Average Value per Transaction, to stay ahead of the curve. Insights by end-use sectors: Evaluate new opportunities across multiple end-use sectors, and obtain market dynamics by end-use sectors in order to swiftly catch up with the latest and upcoming developments in BNPL markets. Market-specific strategies: Identify growth segments focused on specific opportunities, and analysing market-specific risks and important trends in the BNPL sector with our exclusive blend of quantitative forecasting and innovative insights. Gain knowledge of consumer attitudes and actions: This report identifies and interprets important Buy Now Pay Later KPIs, such as spend by age, gender, and income level, using data from a proprietary survey. Develop proactive and lucrative business strategies through market intelligence and forward-looking analysis of BNPL market spend and major opportunities in Singapore. Scope Grab PayLater Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis
OctiFi Frequently Asked Questions (FAQ)
When was OctiFi founded?
OctiFi was founded in 2019.
Where is OctiFi's headquarters?
OctiFi's headquarters is located at 100 Amoy Street, Singapore.
What is OctiFi's latest funding round?
OctiFi's latest funding round is Seed.
How much did OctiFi raise?
OctiFi raised a total of $130K.
Who are the investors of OctiFi?
Investors of OctiFi include Y Combinator and VentureSouq.