What Longan does

Longan Group is a Singapore-headquartered debt management company founded in 2021 that provides full-cycle non-performing loan (NPL) management and recovery services to banks, fintechs, microfinance institutions (MFIs), and other financial institutions across Southeast Asia. Its primary markets are Vietnam, India, and Indonesia, with Singapore serving as the regional headquarters. As of August 2022, the company operated a credit portfolio of approximately $139 million in Vietnam, comprising 475,170 individual debts across MFI and bank counterparties, with a total underlying debt value of $140.1 million.

The company operates an in-house credit and collections software platform with a digital client interface, which it describes as optimized for all stages of the delinquency cycle and developed internally for configurability across markets. Longan monetizes through a transaction-fee model that combines debt portfolio purchases (where Longan takes balance-sheet risk and earns on appreciation) with collection-fee arrangements and forward-flow contracts that establish long-term recurring relationships with financial institution clients. Pricing is quote-based and not publicly disclosed.

Longan positions itself as an institutional, ethically-managed alternative in a region historically served by fragmented or aggressive collection practices. The company is led by co-founders Boris Batin (PhD, 15+ years in credit management) and Alexander Dunaev (CFA), with regional CEOs in Vietnam (Vladislav Koshelev, ex-GE Money and Otkritie Bank) and Indonesia (Giovani Clemente, ex-4finance, kredit-tech, twino). The company holds a Vietnam business operating licence (GPKD.VID.L3) and named partners include VietCredit and Mirae Asset. As of the available data, the company had approximately 157 employees, served 12 institutional customers, and had not disclosed any external funding rounds or revenue figures.

Name

Longan

Legal name

Longan Group

Website

https://longangroup.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Longan Group is a Singapore-headquartered debt management company founded in 2021 that provides full-cycle non-performing loan recovery and portfolio management services to banks, fintechs, microfinance institutions, and other financial institutions across Vietnam, India, and Indonesia.

Ownership category

akta.pro rank

Product category

Debt Management Services

NAICS

Sales Financing (52222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Debt Buying / Portfolio Acquisition & Recovery (Debt Purchasers) (BPAAAEAG)

Keywords

• Debt management services
• Non-performing loan recovery
• Credit collections platform
• Debt portfolio management
• Institutional debt buying

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Debt Portfolio Management Services: Longan generates revenue by managing debt portfolios for banks, fintechs, and financial institutions. The company purchases non-performing loans (NPLs) or manages them on behalf of clients, working to recover debts through ethical collection practices. Revenue is generated through portfolio purchase appreciation and collection fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Longan provides full-cycle debt management solutions for banks, fintechs, microfinance institutions, and other financial institutions across Southeast Asia. The company either purchases non-performing loan (NPL) portfolios outright or manages them on behalf of clients, working to recover debts through ethical collection practices. Revenue is generated through portfolio purchases and collection/transaction fees, supported by an internally developed credit and collections software platform.

Product overview

Longan offers a unified debt management platform consisting of full-cycle debt management services and proprietary in-house credit and collections software. The core service provides debt solutions for banks, fintechs, and financial institutions, while the proprietary software platform enables digital interfaces with clients and optimizes all stages of the delinquency cycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt Management Services Full-cycle debt management solutions provided to banks, fintechs, and other financial institutions to improve cash flows and manage balance sheets. Longan either purchases non-performing loan (NPL) portfolios or manages them on behalf of clients, recovering debts through ethical collection practices under transaction-fee and forward-flow contract arrangements.
• In-House Credit and Collections Software Proprietary software developed internally by Longan to optimize all stages of the delinquency cycle, with a digital client interface that enables clients to communicate with Longan on their own terms. Used as the operational platform underlying Longan's debt management services.

Quantifiable outcome

• Turned profitable within first 6 months of launch in Vietnam
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor.

• VietCreditminorOthersVietCredit is shown as a partner logo on the Longan website, indicating a business relationship in debt management services. VietCredit is a Vietnamese financial services company.
• Mirae AssetminorOthersMirae Asset is shown as a partner logo on the Longan website, indicating a business relationship. Mirae Asset is a major Korean financial services group with operations across Asia.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PRA Group: PRA Group is a US-listed (Nasdaq: PRAA) global leader in non-performing loan acquisition and recovery, operating across North America and Europe. It is a direct peer to Longan as both purchase NPL portfolios from banks and consumer lenders and operate proprietary collections platforms. PRA's scale and capital access set the benchmark Longan aspires to in SE Asia.
• Encore Capital Group: Encore Capital Group is a Nasdaq-listed (ECPG) debt buyer with major operations in the US, UK (Cabot Credit Management), and Europe. It acquires charged-off and performing consumer receivables and runs them through in-house recovery platforms — directly comparable to Longan's debt portfolio management and collection model.
• Intrum: Intrum is a Stockholm-listed European leader in credit management services, combining portfolio purchases with outsourced collections for banks and lenders. It is comparable to Longan in offering both NPL purchasing and fee-based debt management, and serves as a long-term scale benchmark for what a multi-country credit manager can become.
• Hoist Finance: Hoist Finance is a Stockholm-listed (HOFI) specialist debt buyer focused on non-performing unsecured consumer loans across Europe. Its business of acquiring, restructuring, and recovering NPL portfolios is closely analogous to Longan's portfolio acquisition and recovery operations in SE Asia.
• EOS Group: EOS Group is one of Europe's largest debt collection and receivables management companies, serving banks and other creditors with both purchased-portfolio and service-based collection offerings. Its broad B2B credit services portfolio is directly comparable to Longan's enterprise debt management platform.
• Lowell: Lowell is a major UK-focused debt purchaser and credit management services provider (backed by Permira and now operating across multiple European markets). It combines NPL portfolio purchases with outsourced collections for banks and fintechs — closely matching Longan's integrated service-plus-purchase model.
• Arrow Global: Arrow Global (now part of TPG Inc.) is a UK/European specialist in NPL portfolio acquisition and credit management services for banks and consumer lenders. Its fund-supported approach to buying distressed debt and operating multi-channel recovery platforms is directly comparable to Longan's enterprise B2B model.

Regional players

• Credit Corp Group: Credit Corp Group is an ASX-listed Australian debt buyer and credit management services provider, operating primarily in Australia and New Zealand. While geographically distinct, its business model of acquiring and servicing consumer NPL portfolios for banks mirrors Longan's playbook and provides a regional scale benchmark.

Emerging players

• Home Credit: Home Credit is a major consumer finance provider with deep operations in India, Indonesia, Vietnam, and other SE Asian markets where Longan operates. Although primarily a lender rather than a pure debt buyer, it generates significant internal NPL flows and represents both a potential partner and a comparable for in-region debt management capabilities.
• Kredito Holding (formerly 4finance): 4finance (now operating as Kredito) is a European-headquartered digital consumer lender with historical operations across SE Asia (including Indonesia) where Longan's country manager Giovani Clemente previously worked. Its lending-led business with embedded collections capability makes it an adjacent comparable for SE Asia digital debt origination and recovery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/longan-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Longan