FinVolution Group’s financial subsidiaries in the Philippines, Wefund Lending Corporation and Lightning Financing Company, announced that it has signed a loan facilitation agreement with Maya Bank.
This agreement amounts to PHP 2.75 billion and aims to improve access to credit for unbanked and underserved communities in the Philippines.
JuanHand, an online lending platform with about 6 million registered users operated by Wefund Lending Corporation, is the top choice for tech-empowered cash lending and other financial solutions among Filipinos. This partnership expands the company’s services in the country, aiming to connect underserved borrowers with financial institutions and expecting to result in more growth opportunities.
“In line with our Local Focus, Global Outlook strategy, FinVolution is proud to foster economic and digital development in the Philippines through this strategic partnership. Together, JuanHand and Maya Bank will enhance credit accessibility nationwide, marking a significant milestone in our efforts to promote financial inclusion and empowerment. We are confident this partnership will pave the way to a brighter and more financially secure future for underserved communities throughout the Philippines,” said Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group.
Leave a comment