ZALORA Integrates Plentina’s BNPL Offering for Its Filipino Usersby Fintech News Philippines January 31, 2022
Plentina, a Buy Now Pay Later (BNPL) startup for emerging markets, has partnered Southeast Asian e-retailer ZALORA to offer its short-term financing solution.
Filipinos can download the Plentina app for loans up to P5,000 in ZALORA e-vouchers to load their wallets. This will be subject to their credit limit with Plentina.
The Plentina app has surpassed 200,000 downloads since its launch in 2020 to offer store credit for essential purchases such as groceries, medicine, food, and office supplies.
The company said that it aims to provide financial access to the majority of Filipinos who do not have access to fair credit options.
Plentina had previously announced its US$2.2 million funding round, bringing its total funds raised to US$5.7 million.
“We are constantly thinking of how to better address the needs of our customers. Aside from keeping up to date with the latest fashion trends, we also want to give our buyers more flexible payment options.
Plentina offers our customers the option to Buy Now, Pay Later, so that they never have to miss out on shopping for themselves and their loved ones on ZALORA,”
said Paulo Campos, Co-founder and CEO, ZALORA Philippines.
“ZALORA revolutionised online shopping in the Philippines by providing the kind of service customers expect in shopping for their favorite fashion brands.
We are excited to offer their customers an ability to buy now and pay later with flexible and transparent payment terms.”
said Earl Valencia, Chief Business Officer and Co-founder of Plentina.