JuanHand and SeaBank Partner To Pioneer Loans Channeling Financing in the Philippines

The emergence of the FinTech industry has facilitated increased financial accessibility, effectively addressing the imperative of financial inclusion. 

JuanHand, a prominent online lending platform holding proper licensing from the Securities and Exchange Commission, remains at the forefront in catering to millions of credit-worthy yet underserved Filipinos.

In a concerted effort to expand financial access to those in need, WeFund Lending Corp., the company behind JuanHand, Fast Online Cash Loan App, recently formalized a loan channeling agreement with SeaBank Philippines Inc. (A Rural Bank). Through this collaboration, SeaBank aims to allocate approximately PHP 300 Million of loan capital to eligible borrowers through JuanHand app. SeaBank, a duly licensed rural bank authorized by the BSP and a subsidiary of SEA Limited, one of Asia's largest consumer tech companies, is at the helm of this initiative.

L-R: JuanHand Chief Executive Officer: Francisco "Coco" Mauricio, JuanHand Head of International Business: Yining Xu, SeaBank Head of Operations: Siew Ghee Kung Lim, and SeaBank CFO: Elmer Herradura during SeaBank x WeFund Loans Channeling MOA Signing Event

This groundbreaking agreement, signed on September 20, 2023 by Mr. Francisco Mauricio, President and CEO of WeFund Lending Corp., and Mr. Siew Ghee Kung Lim, SeaBank Executive Vice President of Operations, marks a significant milestone as one of the pioneering cross-institutional loans channeling financing structures in the country.

Expressing his appreciation, Mr. Francisco Mauricio stated, “We are privileged to be chosen by SeaBank Philippines as one of its inaugural loan channeling partners in the country. Through this collaboration, JuanHand is poised to maintain its position as the premier fintech loan app, simplifying financial access for Filipinos and contributing to enhanced financial well-being.”

Since its inception in 2019, JuanHand has garnered over 10 million downloads, with over 6 million registrations and the approval of nearly 3 million loans. Offering loan amounts ranging from PHP 2,000 to PHP 50,000, repayable within 30 to 120 days, JuanHand boasts an impressive approval time of under 5 minutes and cash disbursement to the borrower’s bank or e-wallet in less than 45 seconds.

Recognized for its user-friendly interface and an ever-available customer service team, JuanHand, in collaboration with partners like SeaBank, remains dedicated to its noble mission of empowering every Juan financially.