SeekCap, Investree Philippines partner to extend financing services for Filipino MSMEs

SeekCap and Investree extends financing services to Filipino MSMEs

The Philippines’ first digital lending marketplace SeekCap partners with Philippines’ first SEC approved crowdfunding platform Investree Philippines to extend financing services to Filipino MSMEs. Investree brings two lending solutions to the SeekCap marketplace online: purchase order financing and invoice financing.

Business owners can simply log in to SeekCap and apply for any of Investree’s financing products online with financing amounts ranging from PHP100k – PHP15M. With invoice financing, funds are provided through receivables such as invoices or billings. This provides SMEs a means to access working capital while waiting for payments from partners. With purchase order financing, funds are provided on the basis of contract or purchase orders from a listed company, an MNC, or GOCC to help SMEs fulfill larger orders, deliver goods and services on time, and pay suppliers without compromising cash flow. 


About Investree Philippines –Investree is on a mission to empower small and medium-sized enterprises (SMEs), seeing their great potential in leading and driving the economic growth of the country. The B2B lending marketplace pioneered in Indonesia has championed the provision of capital access to entrepreneurs, augmenting business financing gaps through a digital-powered ecosystem of trusted Lenders and Investors, and the SMEs we help. We are steadfast in replicating the same success story with Filipino business owners, bringing financial options tailored to their needs and growth goals. Through our innovative infrastructure and fair business practices, Investree will provide quick, secure, transparent, and supportive financing options to the entrepreneurs. To learn more about Investree, visit www.investree.ph, or contact cs@investree.ph.

SeedIn and SeekCap provide financing opportunities for Filipino MSMEs

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.

UBX’s BUX recognized as Best Digital Payment Facilitator in the Philippines

Bux Best Payment Facilitator Award
Bux recognized as 2021 Best Digital Payment Facilitator-Philippines

Global Brands Magazine (GBM), a UK-based organization that honours excellence by identifying the top brands across various industries, recognized UBX’s BUX as Best Digital Payment Facilitator – Philippines for 2021. More than 7,000 companies were evaluated in GBM’s latest study.

BUX, launched by UBX in 2019, is an end-to-end payment gateway for e-commerce. BUX offers a single payment platform, unifying various payment channels including over-the-counter, online banking, cash on delivery, e-wallets, installments as well as debit and credit cards.

To date, BUX has signed up close to 100,000 SMEs and individual users. As of February 2021, sign ups have increased by 14x, and transaction count has grown 57x versus the same period last year – proof of an increasing rate of digital transactions.

BUX continues to be a game changer for Filipino entrepreneurs as it simplifies and addresses the needs of MSMEs. For one, little to no programming experience is required because BUX is embeddable. Business owners can integrate BUX into their e-commerce website – whether they are using Sentro, Shopify, WooCommerce, or PrestaShop, with more being added. There are no set-up fees involved, only competitive transaction fees whenever a customer checks out depending on the chosen payment channel.

MSMEs can accept payments from over 50,000 payment locations nationwide including 7-Eleven, Bayad Center, SM, Robinsons, Rustan’s, LBC, Cebuana Lhuillier, Palawan Pawnshop, and many more. They can also receive payments via GCash and GrabPay as well as banks, debit and credit cards. MSMEs can easily send BUX payment links via chat, text, email or Universal QR codes, making it convenient for customers to pay for products and services. Online sellers and business owners can simply track the payment status of their customers across multiple payment channels from their BUX dashboard.

By listening to and understanding the challenges of Filipino MSMEs, BUX continues to create MSME-centric solutions that help improve the chances of a business venture’s success, with more features and functions slated to be released in 2021.

Read original article by Manila Bulletin here.

UBX Seekcap and Radiowealth fuels more MSMEs with partnership

UBX SeekCap, the Philippines’s first same-day approval lending marketplace, partners with leading financial services provider, Radiowealth Finance, to fuel MSMEs as the country and businesses rebound from the effects of the pandemic.

As a leading provider of financial services in the country for over fifty-five years, Radiowealth offers business loans for working capital, franchising, machinery and heavy equipment, and business expansion. Through its partnership with SeekCap, Filipino businesses can easily apply for a Radiowealth business loan online, with loan amounts ranging from P 50,000 to as high as P 5,000,000 payable for up to 12 months.

Radiowealth also provides access and a huge opportunity for micro businesses such as the sari-sari stores as a loan application only requires a valid government ID, proof of business registration (barangay or mayor’s permit), and proof of income (sales receipts or sales logbook).

Aside from providing a simple and convenient loan application experience, SeekCap compliments Radiowealth’s strategy to leverage digital platforms to promote financial inclusion and extend financial assistance to Filipino businesses at a time when it is needed the most. Through SeekCap’s application programming interfaces (APIs), Radiowealth is able to further automate their loan approval processes.

As expressed by Marites Estacio, one of the first SeekCap clients to have a loan disbursed from Radiowealth, “I felt so hopeless before because lots of requirements are needed in applying for a business loan, until I found out about SeekCap. Never thought it could be that easy to fill out a loan application form. They have fast and efficient customer service and most of all, the requirements are just minimal. And my chosen lender, Radiowealth finance, really helped me a lot for the additional capital for my business and I would highly recommend it to my friends and to my fellow business owners who are seeking a business loan. Thank you SeekCap and Radiowealth finance for the very quick loan disbursement. More power to the company!”

Despite the pandemic, Filipino business owners can find solace in knowing that SeekCap is their partner helping them restart or continue their businesses, propelling them to success.

—-

About SEEKCAP – SeekCap, the nation’s first online lending marketplace, is one of the ventures of UBX. UBX is the financial technology venture studio and fund of Union Bank of the Philippines. UBX is predicated on a future where financial services are invisible: seamlessly embedded into the experiences and activities that truly matter to businesses and people.

SeekCap is short for “seeking capital” and also a play on the Filipino word sikap, which means diligent, disciplined and hardworking, a trait that has always characterizes successful small business owners.

Visit http://bit.ly/SeekCaplendingmarketplace for more information or please contact support@seekcap.ph.

To read the original article from Metropoler, click here.

Visit SeekCap now: https://bit.ly/3wjDuWa

SeekCap offers business loans up to PHP 20M to Alliance Software Inc. MSME clients

In pursuit of enabling more micro, small, and medium enterprises (MSMEs) to get access to capital, SeekCap, the country’s first online lending marketplace, has partnered with Alliance Software, Inc., one of the Philippines’s largest independent Filipino software development and business solutions companies, to offer the latter’s MSME clients business loans. 

“Alliance WebPOS customers can now apply for a business loan via SeekCap to help them expand or upgrade their businesses as the economy is starting to open up again. The Alliance and SeekCap partnership will provide a timely, in some cases immediate response to help small business owners with their short-term capital needs,” said Alliance Vice President, Mr. Te Jay Luna.

SeekCap, UBX’s online lending platform, has been a supporting pillar to MSMEs during these unprecedented times. Since launch, over 38,000 MSMEs have registered on the SeekCap platform and over P1.5 billion worth of business loans have been processed. 

With SeekCap, applying for a loan is easy and entirely digital. Its capacity and capability to help lenders digitize and automate their lending processes shortens processing time and lowers lending costs. MSMEs complete their application and get approval quickly within the comfort of their home or workplace. By eliminating submission of physical documents and personal appearance at the bank, approvals, which used to take days if not weeks, are processed within the day.

Alliance is a tool that helps businesses manage all information from a single portal, access reports in real-time, encourage safe and convenient shopping experience for online and offline customers, and offer worry-free solutions inclusive of support and maintenance. Alliance also recently launched its e-commerce platform that aims to power online stores with an all-in-one cloud solution that is easy to deploy, provides enhanced security, and is packed with features to accelerate sales. 

SeekCap will serve as a bridge between MSMEs on the Alliance platform and the different reputable lenders with the best loan offers. For more information, visit https://www.seekcap.ph/

To read the original article from FinTech Alliance Philippines, click this link.

UnionBank lends P1.5 billion to MSMEs via SeekCap

MANILA, Philippines — Aboitiz-led Union Bank of the Philippines Inc. has disbursed P1.5 billion worth of loans to micro, small, and medium enterprises (MSMEs) particularly those affected by the pandemic through its online lending platform.

UnionBank’s fintech arm UBX and Chinese financial conglomerate Ping An’s OneConnect Financial Technology Co. Ltd have enticed 38,000 small business owners to register in SeekCap since the first online lending marketplace in the Philippines was established in late 2019.

SeekCap has been a supporting pillar to MSMEs during these unprecedented challenging times.

With SeekCap, applying for a loan is easy and entirely digital. Its capacity and capability to help lenders digitize and automate their lending processes shortens processing time and lowers lending costs.

MSME owners complete their application and get approval quickly within the comfort of their home or workplace.

By eliminating submission of physical documents and personal appearance at the bank amid the pandemic, approvals that used to take days if not weeks are processed within the day.

UBX’s end-to-end digital lending technology allows the partner lenders to offer business loans as high as P20 million and interest rates as low as two percent to businesses nationwide.

In just a few clicks, Filipino business owners can apply for a loan product tailored to their needs, including finance for their inventory, equipment, payroll, marketing, receivables, and similar activities.

SeekCap has partnered with popular platforms used by MSMEs such as Lazada, FoodPanda, Sprout HR & Payroll Solutions, AlliancePOS, Taxumo, and Moneygment to tap and serve more MSMEs.

New lenders are constantly being added to SeekCap such as Bangko Kabayan and RAFI Microfinance joining UnionBank, Esquire, SeedIn, Right Choice Finance, and Zenith Capital.

Other ventures of SeekCap include i2i, offering digital transformation to financial institutions and community based financial service providers; Bux, an embeddable end-to-end payment platform with the most extensive network of payment options and locations in the Philippines; Sentro, a free online shop builder and QLab that offers digital transformation services to businesses.

To read the original article from Philippine Star, click this link.

Visit https://bit.ly/3dSKVgo for more information about SeekCap.

No business is left behind with Sentro: Committed to teching-up e-Businesses in the Philippines

Since its launch, UBX has always been true to its mission— to develop digital platforms and actively support MSMEs in growing their businesses. Now that the demand for technology is rising, UBX showed that amidst the pandemic, they are ready and prepared to aid businesses by opening up new opportunities through innovation and technology, and by helping businesses bounce back and achieve success throughout a crisis. One of their initiatives is Sentro.

Sentro, UBX’s Online Shop Builder, was launched last April 27, 2020, to provide a free platform for anyone who is looking to showcase their products online, have their own website, or just want to venture online.

With Sentro being the first and only e-commerce platform that is truly end-to-end in the Philippines, Sentro is making sure that there’s no business left behind. Now, merchants don’t need to worry about accepting cash payments and going cashless because it already has a pre-integrated payment gateway that offers multiple payment options like cash, over-the-counter, and other various online payment methods. Driven by its goal to continuously improve its features, Sentro partnered with MrSpeedy as its logistics partner, making it an all-in-one online shop builder where payments and deliveries are already taken care of.

Don’t get intimidated by Sentro’s technology. Merchants, who are transitioning into the digital space, need not be tech-savvy. In fact, building your own Sentro online shop requires zero to no tech experience. Now, all you need is a mobile device to use Sentro. You can manage your business at your fingertips and enjoy all of its features 100% free.

Since its launch, Sentro has helped over 30,000 Filipino SMEs and business owners to tech-up their businesses and has been truly exceptional in making businesses naka-Sentro literally and figuratively amid the pandemic.

The new normal

As we enter a new year, online shopping, food deliveries, and cashless transactions are just some of the new normal we have to embrace. Individuals, communities, and businesses are all learning new ways to connect, with in-person conferences gone virtual.

The majority of the Filipino MSMEs were brought to the realization that in order to survive such an adverse crisis, they must combat it with resilience. And with the current situation that our economy is in, digital transformation has become key to achieve business resilience.

This pandemic is still far from over, but Sentro is committed to supporting MSMEs in building their resilience and sustainability. Sentro is seasoned enough to be able to provide the digital platform to SMEs to ensure that their operations are continuous even when faced with business continuity challenges.

To read original article, visit this link.

Visit Sentro now: https://bit.ly/2TH8bHt

UBX’s SeekCap among Phl’s top 7 fintech startups for 2020

Union Bank of the Philippines’ fintech unit UBX’s lending arm SeekCap was named as one of the top fintech firms in the country.

SeekCap, the lending marketplace of Union Bank of the Philippines (UnionBank)’s fintech arm UBX, has been cited as among top 7 fintech startups in the Philippines by  Startup Genome’s Global Startup Ecosystem Report.

This recognition comes barely six months after SeekCap was launched in November last year. SeekCap targets to cater to the underserved micro, small and medium enterprises (MSMES) who make up the backbone of the Philippine economy.

In partnership with Ping An’s associate firm OneConnect Financial Technology, SeekCap aims to shorten the turnaround time in loan application.

According to Startup Genome’s Global Startup Ecosystem Report, fintech companies now compose 15% of Manila’s startups.

SeekCap, being one of them, has made significant strides and is seen to perform even better in the coming months, the report said. Most recently, SeekCap partnered with e-commerce giant Lazada to help more MSMEs get access to financing. To date, over 6,000 MSMEs have signed up, with a 300% increase in loan applications posted during the first quarter.

Read the original article by The Tribune here.

UBX, Lazada team up on SME lending program

UBX, the fintech arm of UnionBank of the Philippines, has teamed up with e-commerce platform Lazada to offer credit lifeline to micro, small and medium enterprises (MSMEs) grappling with the coronavirus (COVID-19) pandemic.

UBX, through its lending marketplace, SeekCap, aims to help more MSMEs – such as vendors operating on Lazada’s platform – get access to financing.

To date, over 6,000 MSMEs have signed up on the lending marketplace, with a 300 percent increase in loans application posted during the first quarter, UBX announced.

In a statement, UBX said it’s “committed to assist MSMEs survive and get back on their feet after the pandemic,” adding that SeekCap would be a “vital instrument towards the achievement of this objective.”

SeekCap allows MSMEs to apply using a purely digital platform. They can complete their application and get updates on their approval remotely. There is no need to submit physical documents and appear at a bank to get approved.

This platform also seeks to allow MSMEs to apply for a loan product tailored to their needs, including financing for their inventory, payroll needs, expenses payables, and similar activities.

Loan applications through SeekCap can be initially approved the same day, which means that the documents submitted are still subject to review, and only until then will the disbursement take place. Currently, SeekCap offers business loans from P50,000 to P800,000 with a 2 to 3 percent monthly interest.

SeekCap continues to bring additional lenders to the platform. Progressive Bank, UnionBank and EON SME Credit Card are among the lenders to date.

For the original article from Inquirer.net, visit this link.

Try SeekCap Now: https://bit.ly/3xkSiVI