Netbank and JuanHand Sign Partnership for a Financially Inclusive Future

In the photo from left to right: Francisco “Coco” Mauricio (President and CEO, WeFund Lending Corp.), Amiel De Sotto (Head of Lender, Netbank), David Paulo Dela Paz (Co-founder and CEO, Netbank), Maxine Isabell G. Juan (Business Development Officer, WeFund Lending Corp.), and Tiezheng “Tim” Li (Chief Executive Officer, FinVolution)

Netbank Inc., a leader in rural banking, has partnered with JuanHand, the country's leading pure fintech lending app, to broaden its reach to the unbanked and underserved communities across the nation.

The partnership between the fintech companies will assist Filipinos of all ages in achieving their dreams and financing businesses by offering innovative lending solutions tailored to their specific needs. Attendees at the event include representatives from both organizations, such as Netbank’s Co-founder and CEO David Paulo Dela Paz and Head of Lender Amiel De Sotto. Key figures from FinVolution and WeFund Lending Corp. are also present, including FinVolution Global CEO Tiezheng “Tim” Li and President and CEO of WeFund Lending Corp., Francisco "Coco" Mauricio. 

Netbank and UBX announce partnership to extend loans to small businesses selling on e-commerce platforms.

Partnership is the latest example of cooperation between the two leaders in embedded finance and open finance in the Philippines.

Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms and started to issue these loans. Netbank expects to rapidly expand its lending to e-commerce sellers in the next year.

Many sellers on e-commerce platforms require additional working capital to expand their sales. Few banks are willing to work with these sellers, however, since they don't have collateral.