Posts From Fintech News Philippines
BillEase Credit Facility Grows to US$40M with New Saison International Investment
Buy now, pay later (BNPL) BillEase has received a US$5 million capital injection from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International Pte. Ltd. This investment forms part of an expansion that has increased the
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GoTyme On Track to Double User Base, Targets 10 Million Users in Four Years
GoTyme Bank Corp, backed by the Gokongwei group, is on track to surpass its initial five-year goal. by achieving a milestone of 10 million users within just four years instead of five as previously projected. Nathaniel Clarke, the digital bank’s
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RCBC, Digital Wallet Corp. to Streamline Philippines-Japan Cross-Border Payments
In a move to streamline digital transactions between the Philippines and Japan, Rizal Commercial Banking Corporation (RCBC) has entered into a partnership with Digital Wallet Corporation (DWC), a Japanese IT and fintech company. This collaboration aims to facilitate smoother cross-border
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Maya Bank Extends P2.75 Billion Loan Capital to Tala for Public Micro Lending
Tala Financing Philippines Inc. has formed a partnership with Maya Bank Inc. to enhance its micro-loans programme. Under this agreement, Maya Bank will provide Tala with loan capital amounting to P2.75 billion, which Tala will distribute to the public in
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Pomelo Secures Major Series A Funding to Grow Credit-Based Remittance Services
Consumer credit-based cross border payments provider, Pomelo has recently announced a significant increase in funding, securing a Series A investment of US$35 million and expanding its warehouse facility by US$75 million. The round was led by Vy Capital, with contributions
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Philippines Digital Banks Attracted US$700 Million So Far as Investors Interest Peaks
In a promising development for the standalone digital banks in the Philippines, more than US$700 million has been invested by both local and global investors, indicating robust growth in this emerging industry. As of the end of 2023, the number
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SEC Enlists Apple and Google to Ban Binance Apps in the Philippines
The Securities and Exchange Commission (SEC) of the Philippines has taken the unusual step of reaching out to tech giants Google and Apple to remove applications operated by the cryptocurrency platform Binance from their respective digital marketplaces, Google Play and
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Netbank Taps Intel-Soln. Philippines to Digitally Enhance Rural Financial Services
Netbank (A Rural Bank) Inc., a provider of financial services in rural regions, has announced a strategic partnership with Intel-Soln. Philippines Inc., a firm specialising in digital transformation and the creation of learning-centric workplaces. This collaboration marks an important development
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GoTyme, TymeBank Group to Expand to Vietnam and Indonesia This Year
TymeBank is gearing up to extend its footprint further into Southeast Asia with planned launches in Vietnam and Indonesia, following its profitable operations in South Africa and successful venture in the Philippines. Coenraad Jonker, CEO of TymeBank as well as
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UnionBank Investment Management and Trust Corp. Diversifies into Retail Sector
UnionBank Investment Management and Trust Corporation (UBIMTC), the standalone trust corporation of Union Bank of the Philippines, Inc., is set to expand its assets under management (AUMs) by broadening its client base and introducing new products tailored to retail investors.
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