In Photo (from left to right): Neeti Aggarwal, The Asian Banker Senior Manager, Research; Guillaume Danielou, FINTQ; Richard Hartung, The AsianBanker International Advisor; Lito Villanueva, FINTQ Managing Director; Agustin Santiago, FINTQ; Foo Boo Ping, The Asian Banker Managing Editor.
Pioneering and award-winning digital lending platform Lendr recently bagged yet another international recognition as it was recently named the “Best Consumer Finance Product” at the Asian BankerPhilippine Country Awards 2017 held recently in Makati City.
Lendr (www.lendr.com.ph), developed by Voyager Innovations’ financial technology arm FINTQ, allows prospective borrowers to search for thebest loan, file their applications and submit requirements online or via mobile phones, eliminating the need to go to a physical bank branch or to fill out long and complicated application forms.
“Lendr has been making inroads as the leading digital lending platform in the country today, and this accolade from The Asian Banker further illustrates how it has become a pervasive and useful platform for financial inclusion,” said Lito Villanueva, Managing Director at FINTQ. “Withthe right mix of a digitally-enabled platform, a set of partners that is willing to take the risk in digital, and a sustainable business model that has proven to be a win-win for all, we have created a breakthrough solution that benefits everyone with Lendr.”
This is the second time that The Asian Banker has recognized Voyager for its role in developing breakthrough digital innovations, with Voyager President and CEO Orlando B. Vea receiving the Asian Banker Innovation Leadership Achievement Award for the Philippines early this year.
Lendr was recognized for promoting financial inclusion among Filipinos nationwide, including those in far-flung provinces out of reach by thetraditional banking system. At the same time, it helps enable banks and other financial institutions by providing a common platform where they can engage with new markets via digital and mobile technology.
The Asian Banker awarded Lendr for exhibiting “a sustainable business performance in 2016,” since it has so far helped disbursed more than P24 billion in loans to users in 100% of Philippine provinces, 91% of cities, and 26% of municipalities nationwide.
It is the first non-bank product to receive such a distinction from the prestigious institution.
To date, Lendr has partnered with more than 50 bank and non-bank institutions in various stages of onboarding, offering loan products such as personal loan, salary loan, OFW loan, car loan, housing loan, trucks & equipment loan, motorcycle loan, DepEd loan, and farmer/fisher loan, among many others.
FINTQ is the leader in customer-centric, demand-driven, mobile-first, value-creating, and inclusive digital financial innovations through collaboration across strategic markets with award-winning and pioneering platforms, products and services. It is the largest and the only financial technology business in the country with diverse digital banking and finance portfolio of platforms including lending, security, micro-savings, micro-investments, insurance, disbursements, micro-credit and virtual banking, among others.
In its three years of existence, FINTQ has garnered more than 30 local and international awards for its various platforms.
For more information about FINTQ and all of its products and services, please visit www.fintq.com.