Security Bank, one of the country’s leading financial institutions, has partnered with WeFund Lending Corp., the operator of JuanHand, a leading pure fintech cash lending app in the Philippines, to expand access to financial services for Filipinos.
The landmark collaboration was formalized through a credit facility agreement to promote financial inclusion and empower individuals, families and businesses by offering quick and accessible financial solutions.
The signing event brought together key executives from both organizations, including Security Bank Executive Vice President John Cary Ong, Assistant Vice President and Relationship Manager Earvin Lucido. Representing Finvolution Group and WeFund Lending Corp. were Chief Financial Officer Alexis Xu and Chief Executive Officer Francisco “Coco” Mauricio.
“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,” Ong said.
The credit facility that Security Bank granted will create a more financially inclusive environment, given the ease of access using the JuanHand app and requiring only basic information and one valid ID.
Using Finvolution’s proprietary AI, borrowers can receive their loans in less than 5 minutes, and without the need for collateral nor uploading any proof of income or billing address.