Lending

RCBC and TrueMoney Partner to Expand Loan Access for Filipino Entrepreneurs

Rizal Commercial Banking Corporation (RCBC) and Southeast Asian fintech solutions provider TrueMoney have entered into a digital collaboration, aiming to expand access to RCBC’s loan products in underserved areas and among emerging entrepreneurs. The partnership seeks to address the significant

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Maya Bank, WeFund Partner to Improve Credit Access with US$48M Loan Initiative

Digital lender Maya Bank and WeFund Lending Corp., through Lightning Financing Co., have formalised a P2.75-billion (US$48 million) loan channeling agreement to improve credit accessibility for unbanked and underserved communities in the Philippines. Angelo Madrid, president of Maya Bank, remarked,

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GoTyme Bank Expands Payroll and Lending Reach with Acquisition of SAVii

GoTyme Bank, a rapidly growing financial institution in the Philippines, is poised to enhance its payroll-linked financial services with the recent acquisition of SAVii by GoTyme’s major stakeholders, Tyme and JG Summit. SAVii, founded in 2017 by CEO Liam Grealish

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GCash Unit Fuse Teams With Lazada to Offer E-commerce Seller Loan Programme

E-commerce platform Lazada Philippines has collaborated with GCash and its credit arm, Fuse Lending, Inc., to support Filipino entrepreneurs. The two entities are offering cash loans to eligible sellers on the Lazada platform, with the goal to facilitate the expansion

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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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GCash Lending Unit Fuse Reaches Landmark P118 Billion Loan Disbursements

Fuse Lending, Inc., the lending division of GCash, has just reached a sizable milestone by disbursing loans exceeding P118 billion as of the close of 2023. This is a major increase from the P50 billion disbursed in 2022, marks a

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BNPL BillEase Reports Double Revenue, Loan Disbursement Growth in 2023

BillEase, a consumer finance and buy now, pay later application operating in the Philippines, has released its preliminary unaudited financial results for 2023, indicating a period of considerable growth. The company reported that its revenue reached US$57 million and net

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Helios Pioneers Solar Mortgage Programme to Introduce Affordable Sustainable Energy

Philippines startup Helios claims to have launched the first solar mortgage programme, marking a step towards transforming the local energy landscape. This initiative aims to facilitate Filipino households’ access to solar energy through affordable financing solutions, effectively reducing electricity bills

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GCash Disbursed Record US$2.1 Billion in Loans Last Year, Doubling 2022’s Figures

Globe Fintech Innovations, Inc. (Mynt) operated GCash has disclosed its performance metrics for the year 2023, revealing a notable increase in disbursement of loans. The online banking platform reported disbursing loans totalling P118 billion (approximately US$2.11 billion), more than doubling

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Tonik Upgrades Loan Offering to Cater to SMEs

Tonik Digital Bank recently updated its Big Loan product, aiming to address a broader range of financial requirements for small businesses in the Philippines. This enhancement is part of Tonik’s efforts to support the growing needs of small and medium

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