The latest update to my Loan Originator Comparison now includes the three companies currently listed on Loanch: Tambadana (Malaysia), Ammana (Indonesia), and AhaPay (Malaysia).
The results paint a rather clear picture: Outdated financial statements, little to no profitability, negative equity, and high impairments. Overall, the financial metrics are far from encouraging and stand in sharp contrast to the overwhelmingly positive reviews of Loanch that can currently be found online.
