Security Bank, considered one of the country’s leading financial institutions, has partnered with WeFund Lending Corp., operator of JuanHand, the leading fintech-only money lending app within the Philippines, to expand Filipinos’ access to financial services.
This groundbreaking collaboration was formalized through a credit agreement geared toward promoting financial inclusion and empowering individuals, families and businesses by offering fast and accessible financial solutions. The signing event was attended by key executives from each organizations, including Security Bank Executive Vice President John Cary L. Ong, Assistant Vice President and Relationship Manager Earvin Lucido. Finvolution Group and WeFund Lending Corp. represented by CFO Alexis Xu and CEO Francisco “Coco” Mauricio.
“We are grateful for the opportunity to be part of the JuanHand family. We align with JuanHanda’s vision of one family with one heart lending a helping hand to Filipinos in their financial needs,” said John Cary L. Ong, Executive Vice President of Security Bank.
The line of credit provided by Security Bank will create a more financially inclusive environment, given its ease of access via the JuanHand app and requiring only basic information and one valid ID. Using Finvolution’s proprietary AI, borrowers can get loans in lower than 5 minutes and without having to offer collateral or submit any proof of income or billing address.
“We are thrilled that Security Bank has chosen JuanHand as its first fintech lending partner. By giving us their trust, this truly exemplifies Security Bank’s commitment to rapidly increasing financial inclusion for all underserved Pinoys. Security Bank’s support helps fulfill our mission to be a helping hand for each Juan,” said Francisco “Coco” Mauricio, president and CEO of WeFund Lending Corp.
JuanHand, operated by WeFund Lending Corp., has disbursed over Php40 billion in loans and has over 12 million registered users. With fast approvals, fair rates, regulatory compliance, skilled customer support and a user-friendly interface, the brand stays a trusted selection for technology-enabled financial solutions.
Download the JuanHand app at Google Play Store Or iOS app store. More information may be found on the web site www.juanhand.com.
Spotlight is a bit sponsored by BusinessWorld that permits advertisers to strengthen their brand and connect with BusinessWorld’s audience by publishing their articles on the BusinessWorld website. For more information, please email online@bworldonline.com.
Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld titles and receive exclusive content www.bworld-x.com.
