SeedIn Technology Inc., the largest P2B crowdfunding platform in the Philippines and SeekCap, the first online lending marketplace in the country, celebrate almost a year of partnership. The collaboration between the two companies empower Filipino entrepreneurs nationwide to gain better access to financing.
Through SeekCap, borrowers can sign up online and apply for a SeedIn Business Loan worth up to PHP 10M with payment terms as long as 12 months. Since the launch of the partnership, thousands of loans have been processed and over 45,000 SMEs have been reached on SeekCap. This is only the start. With SeedIn’s effective alternative financing platform and SeekCap’s engaged customer base, the partnership will be setting new milestones in the future.
About SeedIn – Seedin is one of Southeast Asia’s leading Business Financing Platform where local businesses seeking short-term financing connect with individuals and businesses seeking short-term investments. SMEs can apply online and achieve their potential through Seedin’s alternative financing platform by reducing cash-flow gaps and enhancing their capital growth. For investors, Seedin provides alternative investments with annualized returns starting from 5% to 12% which come in the form of monthly repayments, and provides a platform for investments review and monitoring of crowdfunded projects.
About SeekCap – SeekCap is developed by UBX, the fintech subsidiary of UnionBank of the Philippines. SeekCap is the country’s first same-day, digital lending marketplace made for micro, small, medium sized enterprises (MSMEs). SeekCap works closely with lenders, credit bureaus and fintechs making applications seamless and approvals instant.