The rise of the FinTech industry made it easier for people to get money, helping those who usually don’t have access to financial services. JuanHand, a top online lending platform licensed by the Securities and Exchange Commission, keeps helping millions of Filipinos who can borrow money but have limited options.
To provide more financial help to those who need it, WeFund Lending Corp., the company behind the JuanHand app, recently partnered with SeaBank Philippines Inc. (A Rural Bank). With this collaboration, SeaBank plans to give about 300 million pesos in loans to eligible borrowers through the JuanHand app. SeaBank is a licensed rural bank regulated by the BSP and is part of SEA Limited, one of the biggest tech companies in Asia.
The agreement was signed on September 20, 2023, by Francisco Mauricio, the President and CEO of WeFund Lending Corp., and Siew Ghee Kung Lim, the Executive Vice President of Operations at SeaBank. It’s one of the first instances of different institutions collaborating in this scale to provide loans in the country.
“We are honored to have been selected by SeaBank Philippines as its one of its first loan channeling partners in the country. With this partnership, Juanhand will sustain its momentum as the premier fintech loan app providing the easiest way for Filipinos to access cash, leading to a much better financial well-being.”
– Francisco Mauricio, President and CEO of WeFund Lending Corp.
JuanHand Inches Closer to its Goal
Since JuanHand started in 2019, it has been downloaded over 10 million times, with more than 6 million people signing up and almost 3 million loans approved. JuanHand offers loans from PHP 2,000 to PHP 50,000, which you can pay back in 30 to 120 days.
Loans can be approved in less than 5 minutes and money can be sent to your bank or e-wallet in less than 45 seconds. JuanHand is known for being easy to use, with a friendly customer service team. With partners like SeaBank, JuanHand is another step closer towards its goal of helping every Juan with their finances.
Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.