Lending
Kayamo Partners Netbank to Automate and Enhance Its Lending Experience
Philippines-based lender Kayamo has partnered with Netbank, a neobank that offers Banking-as-a-Service solutions, in order to enhance and automate its lending experience. Through this partnership, Netbank implemented a ‘Virtual Account’ solution to simplify Kayamo’s collection process. This allows loan repayments,
Read More
Three Quarters of Filipino MSMEs Unable to Secure Funding in the Past 5 Years
More than three quarters (77%) of micro, small and medium-sized enterprises (MSMEs) in the Philippines have been unable to secure sufficient, or any, funding on at least one or more occasion over the last five years, according to a new
Read More
ZALORA Integrates Plentina’s BNPL Offering for Its Filipino Users
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More