SECURITY Bank, one of the country’s leading financial institutions, has partnered with WeFund Lending Corp., the operator of JuanHand, a 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 CFO Alexis Xu and CEO 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.
JuanHand requires only basic information and one valid ID to get a loan through its app.
Using Finvolution’s proprietary AI, borrowers can receive their loans in less than five minutes without needing collateral or uploading any proof of income or billing address.
“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 fulfill our mission of being a helping hand for every Juan,” Mauricio said.
JuanHand has disbursed over P40 billion in loans and has more than 12 million registered users.
Download the JuanHand app at Google Playstore or iOS Appstore.
Visit www.juanhand.com for more information.
