Lending

Philippines’ BNPL Platform BillEase Closes US$11 Million Series B

Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has closed its Series B funding round with US$ 11 million in fresh equity. The round was led by BurdaPrincipal Investments, the growth capital arm of German media and

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Philippines’ SEC Issues Guidelines to Stamp Out Predatory Lending Practices

The Securities and Exchange Commission (SEC) has issued draft guidelines for the registration and operation of online lending platforms (OLPs) to stamp out abusive and predatory practices. The proposed guidelines will apply to both existing and newly registered financing and

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Online Lender or Bank Loan for a Filipino Businessman?

One of the breaking points of every business is when finances are negative, and you need to make a quick decision as a business owner to steer the business away from its present station. Without a doubt, you will need

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BNPL Startup Plentina Raises US$2.2 Million to Accelerate Regional Expansion

Plentina, a Buy Now Pay Later (BNPL) startup for emerging markets, announced that it has raised US$2.2 million in a latest funding round led by New York-based venture capital firm TMV, bringing its total funds raised to US$5.7 million. Joining

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Fintech Plentina Partner With Ecommerce Platform Shopee in Time for 12.12 Big Christmas Sale

Coming off from completing its fresh venture funding, Plentina, a fintech app that allows Filipinos to purchase their goods and services through their favorite merchants and pay later on installments, launches its latest partnership with the leading e-commerce platform in

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CIMB Philippines Offers Easy Credit Through BNPL Offering for Lalamove Drivers

CIMB Bank Philippines and Lalamove partnered up to provide easy credit access to hundreds of thousands of partner drivers through the bank’s new Buy Now, Pay Later (BNPL) offering, REVI Credit. This collaboration will enable Lalamove partner drivers to get

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Fintech Alliance.PH Condemns Irresponsible Data Harvesting by Online Lenders

The Fintech Alliance.PH, the National Privacy Commission (NPC) and various industry players have joined forces in condemning the insidious practice of illegal and irresponsible data harvesting of some online lending applications. Several online lending platforms have been found to be

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Tonik Ventures Into the Consumer Lending Market With ‘Quick Loan’ Offering

Philippines’ neobank Tonik announced that it has launched a Quick Loan product on its platform marking its venture into the consumer lending market in the country. Tonik said that its all-digital Quick Loan is designed to serve the unbanked and

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Welcome Bank Links up With FinScore for Alternative Credit Scoring

Philippines-based alternative credit scoring provider FinScore has partnered with Welcome Bank (Rural Bank), one of the subsidiaries of Korea’s Welcome Financial Group. The partnership will enable Welcome Bank to integrate FinScore’s predictive credit scores into it credit risk models. FinScore’s

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SB Finance Taps Finscore’s Telco Data-Powered Credit Scoring Solution

Consumer lending company SB Finance has partnered with FinScore to enhance its credit scoring efforts using alternative data. Security Bank Corporation and Bank of Ayudhya (Krungsri) in Thailand had previously entered a strategic partnership to form SB Finance which provides

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