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Empowering Your Business with Innovative Solutions
At our core, we strive to transform challenges into opportunities through cutting-edge solutions. Our vision is to lead the industry by fostering innovation and delivering exceptional value to our clients.
Trusted by thousands of businesses worldwide.
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Our Story
Building a Better Tomorrow
In 2016, the average monthly income in Mongolia was around $300. Because the income was low, it was common for Mongolian people to borrow money on a regular basis to support themselves. Since the banks used to take a lot of time to review documents and process loans, most of the time people turned to their friends and families. As it was common to borrow money, it was also common not to return the borrowed money to friends and families.
Our founders, long-time best friends (Mongolian word for best friends is “And”) due to their running in mathematical international competitions, faced the same issue – a never-ending conversation about borrowing money from friends and relatives on short notice and not returning the money. They were tired of this issue and realized that the issue had been around for a long time without a long-term solution. As a result, our founders decided to establish an “AND GLOBAL” fintech organization and developed the first mobile-based micro-lending platform in Mongolia in 2016.
Since our AND Group has flourished in business and technology industries in the local market with more than 10 subsidiaries and gathered professionals who have worked overseas with rich experience, AND Solutions was created in Singapore as one of the subsidiaries in 2021 to compete in international markets to show our unique Mongolian perspective and fully utilize our experts who have won 100+ international mathematics competitions into our solutions.
Our founders, long-time best friends (Mongolian word for best friends is “And”) due to their running in mathematical international competitions, faced the same issue – a never-ending conversation about borrowing money from friends and relatives on short notice and not returning the money. They were tired of this issue and realized that the issue had been around for a long time without a long-term solution. As a result, our founders decided to establish an “AND GLOBAL” fintech organization and developed the first mobile-based micro-lending platform in Mongolia in 2016.
Since our AND Group has flourished in business and technology industries in the local market with more than 10 subsidiaries and gathered professionals who have worked overseas with rich experience, AND Solutions was created in Singapore as one of the subsidiaries in 2021 to compete in international markets to show our unique Mongolian perspective and fully utilize our experts who have won 100+ international mathematics competitions into our solutions.
Our Team
Meet the passionate individuals behind our success
Commercial Team
Baasandorj Davaasuren
Chief Executive Officer
Natsagdorj Barzul
Head of Product Development
Batbaatar Purev-Ochir
Head of Sales
Itgel Turbat
GTM Lead
Tech Team
Otgonbayar Purevsuren
Chief Technology Officer
Od Tumenjargal
Deputy Director
Otgonbayar Uuye
Head of AI
Sarangerel Sainbayar
Head of Data Science
Our Journey
Our journey through the years: milestones that define us.
Explore the significant milestones that have shaped our company. Each event marks a step in our commitment to excellence.
2021 | Foundation & Regional Breakthroughs
- Launched our B2B operations, establishing an early footprint for our lending solutions.
- Signed clients like LendMN (Mongolia) and eTomo (Philippines), paving the way for what would become the Looms lending platform.
2022 | Building Trust Through Global Expansion
- Certified for ISO/IEC 27001:2013
- Expanded our AI/ML & automation consulting footprints into Cambodia (SBI LY HOUR), Japan (GTN), and Australia (Affordable Car Loans)
- Mongolian market expansion, including Capitron Bank LLC, BDSec JSC, Rhinos Investment UTSK LLC, Choijin Altex LLC.
2023 | Product Innovation & Market Acceleration
- Launched our two flagship platforms: Niko, our no-code AutoML solution, and Looms, a digital lending platform.
- Signed key partners including Stellapps (India), Oasis with SC Ventures (Singapore).
- Started our collaboration with Toyota Financial Services Vietnam, first contributing AI expertise on our Custom Scoring Solution.
2024 | Strategic Alliances & AI-Led Evolution
- Launched Mindox, our AI-powered intelligent document processing solution.
- Partnered with Microsoft to empower APAC enterprises through cutting-edge AI solutions.
- Co-hosted an exclusive event with Microsoft Philippines, bringing together fintech leaders to explore the future of AI in financial services.
- Expanded into key markets with our solutions - Custom Scoring, Mindox, and Looms, signing clients such as Promise and AEON Thana Sinsap PCL in Thailand, PT AEON Credit Service Indonesia, Premium Co., Ltd. in Japan, and Esquire Financing Inc. in the Philippines.
Coming Soon
Stay tuned2021
2022
2023
2024
2025
News
Latest Updates and Insights
Explore our recent press releases and media mentions.
Credit scoring
Doing Business in the Philippines: A Guide for Foreign Professionals
Credit scoring
7 Essential Loan Management Software Features for Small Businesses
Explore the essential features that small businesses need in loan management software to simplify processes and enhance profitability.
Credit scoring
Successfully Implementing IT Solutions: A Comprehensive Guide to SaaS and PaaS - AND Solutions Pte. Ltd.,
What we offer to you
At AND Solutions, we provide market tested fintech solutions based on accumulated know-how. Our solutions are easily customizable for both financial institutions and consumer conglomerates.
Protecting and ensuring the safety of clients’ data and information is the utmost important at AND Solutions. As a result, we obtained ISO/IEC 27001: Information Security Management certifications in September 2021.
