In a significant move towards broadening financial inclusivity, FundSpace, a prominent loan aggregator in the Philippines, has teamed up with BPI Business Banking, a leading financial heavyweight. This synergy is poised to bring about a paradigm shift in the economic landscape for small and medium-sized enterprises (SMEs) across the nation.
With a shared vision of propelling Filipino entrepreneurs to new heights, the alliance is offering a lifeline to SME owners through an array of financing options. These include the Ka-Negosyo SME Loan and the Ka-Negosyo Credit Line, now available via FundSpace’s portal. Catering to a range of business needs, from expansion to liquidity, these loans span from Php 300,000 to Php 15 million, bearing competitive interest rates starting as low as 1.4% and flexible repayment terms.
The integration of BPI Business Banking into FundSpace’s digital interface underscores an unprecedented level of accessibility and efficiency. Prospective borrowers can navigate through a user-friendly online application process, ensuring a frictionless journey towards securing their financial aid.
Martin Luchangco of 917Ventures, an Entrepreneur-in-Residence, expresses his enthusiasm: “Our partnership with BPI Business Banking is a testament to our unwavering commitment to nurturing the growth of Filipino entrepreneurs, providing them with the necessary resources to excel in a competitive market.”
The collaboration’s ethos is perfectly encapsulated by Dominique “Ococ” R. Ocliasa, the Head of BPI Business Banking, who underscores the alliance’s dedication to providing solutions that are “madali (easy), magaan (convenient), and mabilis (fast)” for the SMEs’ burgeoning growth trajectories.
“We are grateful for this opportunity to work with FundSpace and make our affordable loan products more accessible. This is a leap towards augmenting customer experience and empowering SMEs to expand their business ventures with confidence,” remarks Ocliasa.
This initiative dovetails with the National Strategy for Financial Inclusion 2022-2028 set by the Bangko Sentral ng Pilipinas. It addresses a critical gap in the financial ecosystem: seven out of ten Filipinos lack a transaction account, signaling an acute need for broader financial service accessibility.
FundSpace, a facet of 917Ventures, offers a spectrum of SME enablement tools designed to boost operational efficiency and financial inclusivity. Through strategic partnerships with esteemed financial entities, FundSpace delivers tailored financial solutions that meet the distinctive demands of each enterprise.
For SMEs venturing into new financial territories, the portal https://fundspace.ph/ stands as a beacon, providing insight into diverse funding avenues and application protocols.
The faces behind this strategic alliance reflect a diverse and dynamic team, including BPI Business Banking’s Maricris San Diego, Marketing Head, and Rhodora “Gac” Pagulayan, Distribution Head; alongside FundSpace’s Martin Luchangco and Alisa Bermudez, Venture Builder.
