Netbank, a Filipino embedded finance platform, has partnered with Indonesian fintech unicorn Akulaku to offer affordable and convenient loans to Filipinos.

The partnership will integrate Akulaku’s users into Netbank’s “Loans as a Service” model, which will help the Indonesian fintech expand its range of loan services and reach more Filipinos.

These offerings will especially cater to the needs of individuals and small businesses.

“Our partnership with Akulaku is a critical path in the development of Netbank.

 

We are proud to be able to provide a reliable and efficient source of funding to a major lender, which will allow the continued expansion of responsible lending in the Philippines.”

said Gus Poston, Chairman of Netbank.

“We are thrilled to collaborate with Netbank, a true pioneer in the lending-as-a-service sector.

 

This partnership not only reinforces our dedication to the Filipino market, but also highlights our commitment to providing innovative and inclusive financial solutions.”

said Phil Wan, Vice President of the Akulaku Group.