Manila, Philippines – Security Bank, a Philippine-based financial institution, has recently announced its strategic alliance with WeFund Lending Corp, the operator of the fintech cash lending app JuanHand. In this collaboration, the companies aim to make financial services more accessible to Filipinos.
As part of the initiative, a credit facility agreement was formalised to foster financial inclusion and provide individuals, families, and businesses with quick and easy access to financial services.
Said event was participated in by top executives from both organisations, such as Security Bank’s executive vice president, John Cary Ong, and assistant vice president and relationship manager, Earvin Lucido. On the other hand, Finvolution Group and WeFund Lending Corp. were represented by their CFO, Alexis Xu, and CEO, Francisco “Coco” Mauricio.
With Finvolution’s advanced AI technology, borrowers can now secure loans in less than five minutes, eliminating the need for collateral or documentation such as income proof or a billing address.
Speaking about the partnership, John Cary Ong, executive vice president at Security Bank, said, “We are grateful for the opportunity to be part of the JuanHand family. We resonate with JuanHand’s vision of one family with one heart that gives Filipinos a helping hand with their financial needs.”
Francisco “Coco” Mauricio, CEO at Finvolution Group, further remarked, “We are thrilled that Security Bank chose JuanHand as its first fintech lending company partner. Giving us their trust and confidence truly exemplifies Security Bank’s commitment to rapidly expand financial inclusion for all underserved Pinoys.”
“Security Bank’s support helps fulfil our mission of being a helping hand for every Juan,” concluded Mauricio.
