To give more financial access to those who need it the most, WeFund Lending Corp., owner of the JuanHand app, recently signed a loan channeling agreement with SeaBank Philippines Inc. (A Rural Bank) (“SeaBank”).
With this collaboration, SeaBank plans to provide around 300 million pesos of loan capital to eligible borrowers via the JuanHand app. SeaBank is a duly licensed rural bank by the BSP and is a subsidiary of SEA Limited, one of the largest consumer tech companies in Asia.
The agreement was signed last September 20, 2023 by WeFund Lending Corp. President and CEO, Francisco Mauricio and SeaBank EVP Executive Vice President of Operations and Philippines Country Manager, Siew Ghee Kung Lim. This marks a milestone as one of the first cross institution loans channeling financing structure 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,” said Francisco Mauricio. “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.”
Since the introduction of JuanHand in 2019, it has had over 10 million downloads, over 6 million registrations and has approved close to 3 million loans. JuanHand offers loans from ₱2,000 to up to ₱50,000, payable within 30 to 120 days. JuanHand can approve loans in less than 5 minutes and can disburse cash to the borrower’s bank or e-wallet in less than 45 seconds.
Juanhand is a leading fintech platform known among its loyal customers as an easy to use app with a friendly and always available customer service team. And with partners like SeaBank,
Juanhand continues to fulfill its noble mission of providing financial empowerment to every Juan.
The agreement was signed last September 20, 2023 by WeFund Lending Corp. President and CEO, Francisco Mauricio and SeaBank EVP Executive Vice President of Operations and Philippines Country Manager, Siew Ghee Kung Lim. This marks a milestone as one of the first cross institution loans channeling financing structure 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,” said Francisco Mauricio. “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.”
Since the introduction of JuanHand in 2019, it has had over 10 million downloads, over 6 million registrations and has approved close to 3 million loans. JuanHand offers loans from ₱2,000 to up to ₱50,000, payable within 30 to 120 days. JuanHand can approve loans in less than 5 minutes and can disburse cash to the borrower’s bank or e-wallet in less than 45 seconds.
Juanhand is a leading fintech platform known among its loyal customers as an easy to use app with a friendly and always available customer service team. And with partners like SeaBank,
Juanhand continues to fulfill its noble mission of providing financial empowerment to every Juan.
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