TALA PHILIPPINES FURTHER EXPANDS REACH VIA LENDR. In photo (from left) Tala Philippines People Operations Manager Katherine Antunez , FINTQ Managing Director Lito Villanueva, Tala Philippines Director and President Angelo Madrid.
TALA PHILIPPINES AGGRESSIVELY PURSUES LOCAL MARKET VIA LENDR. In photo (from left) Tala Philippines People Operations Manager Katherine Antunez , FINTQ Managing Director Lito Villanueva, Tala Philippines Director and President Angelo Madrid.
Tala, one of the fastest growing fintech startups in the world, joins online lending platform Lendr of FINTQnologies Corp. (FINTQ), aiming to provide access to financial services to underserved Filipinos.
This partnership allows Tala to reach more unbanked and underserved Filipinos and extend credit to a larger market segment.
“Lendr is a channel that will allow us to extend credit to a market that is underserved by traditional financial institutions. On the Lendr platform, Tala will provide fast, reliable loans to Filipinos who want to start or to grow their business, support their families, or fund personal or emergency expenses,” said Angelo Madrid, Tala Philippines Country Manager.
FINTQ Managing Director Lito Villanueva said: “We are grateful that a company like Tala joined Lendr. This synergy ensures we will be able to provide financial services to the grassroots and reach our goal of including more Filipinos in the formal financial system.”
FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations, along with PayMaya aims to include 30 million Filipinos in the formal financial system by 2020. This is in strong support of the Bangko Sentral ng Pilipinas’ National Strategy for Financial Inclusion and President Rodrigo Roa Duterte’s initiative of reducing poverty incidence in the country.
Applying for a Tala loan via Lendr is easy. Prospective borrowers simply need to visit www.lendr.com.ph and create an account. Complete the application process by following the online prompts, then click ‘Submit.’ You will receive an SMS with the link to the Tala app, which you need to download to complete the application process with Tala. Eligible individuals can borrow Php1,000 to Php10,000, payable in weekly installments of up to four weeks. Tala approves and releases loans within one business day.
Lendr is the country’s first 24/7 digital loans marketplace developed by FINTQnologies Corp. FINTQ, the financial technology arm of Voyager Innovations. It has received multiple awards including the Consumer Finance Product of the Year from the Asian Banker and the most recent Most Innovative Partnership Strategy award from Telecom Asia in Singapore. To know more, visit www.lendr.com.ph.
FINTQnologies Corp. is the leader and award-winning financial technology provider of customer-centric, demand-driven, mobile-first, value-creating, and inclusive digital financial innovations. It is the largest and the only fintech 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. For more information about FINTQ and all of its products and services, please visit www.fintq.com.
Tala is the leading mobile technology and data science company committed to financial inclusion globally. More than 1.4 million people have borrowed through Tala’s smartphone app, which provides instant credit scoring, lending, and other personalized financial services in emerging markets. Tala has raised $109 million from leading venture and impact investors including Revolution, IVP, Ribbit Capital, Data Collective, and Lowercase Capital. Tala is headquartered in Santa Monica with additional offices in Nairobi, Manila, Dar Es Salaam, Mexico City, Mumbai, and Bangalore. Visit www.tala.co to learn more.