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Digital Alternative Lending Association to bridge companies and customers
Daily FT
|July 28, 2025
THE Digital Alternative Lending Association (DALA) has announced its launch as Sri Lanka's only recognised self-regulatory body for service providers in the digital lending industry.
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Its primary mission is to ensure that its member companies and their customers are connected through ethical, transparent, and legally compliant practices.
Importantly, DALA gives the firm assurance that all its member companies operate 100% legal lending businesses, in full accordance with Sri Lankan laws and regulations, as officially confirmed by the Central Bank of Sri Lanka.
"This commitment is a cornerstone of our credibility and public trust," said DARA President Freddie Daniel.
He said DALA bridges the gap between member organisations including LoanMe, OnCredit, Fino.lk, Loan Plus and CashX and borrowers through the following key functions:
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