Lending

Skype Co-Founder Bags US$ 20 Million to Push Fintech Lending in the Philippines

Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset investment firm. The facility, which

Read More

Philippines Cracks Down on Online Lenders

Philippines’ Securities and Exchange Commission issued a statement prohibiting another batch of 13 online lending operators from further engaging in lending activities. The regulator issued an immediate cease and desist to the owners and operators from promoting and facilitating unauthorised

Read More

Philippines’ Regulators Voice Support for Industry Driven TechnoEthics for Digital Lending

Members of FinTechAlliance.ph, an organization of fintech and digital firms have agreed to institutionalize an industry-wide code of ethics and adopt a code of conduct among its Alliance member-companies for responsible online lending. This comes after three online lenders were

Read More

Lazada Philippines Teams up with AsiaKredit to Offer Shoppers Installment Plans

Asia Kredit announced today a partnership with Lazada Philippines which will enable Lazada shoppers to purchase and apply for monthly payment installments on the Lazada Platform through AsiaKredit’s eShopaLoan. Filipino consumers will now have the option of paying for purchases

Read More

Philippines’ Digital Lenders Pledge to Weed Out Predatory Behaviour

Members of the FinTech Alliance.ph have agreed to adopt a code of conduct for responsible online lending. This was after 48 online lenders have been cited for alleged unethical collection practices leading to data privacy violation. Over 400 harassment complaints

Read More