ThursdayApril 22 2021
By Tun Yong Yap
Uploan, a Philippines-based fintech company providing payroll financial services, has raised a senior secured loan of up to US$15 million from debt financer Lendable.
As per a press note, US$6 million will be available for immediate usage to support Uploan’s “fast-growing” demand.
Uploan is Lendable’s first client in the Philippines. The long-term facility will allow Uploan to grow its loan book, redeploy Lendable’s capital and hold more exposure on-balance sheet.
Photo courtesy of Fiona Graham / WorldRemit Comms.
Source: e27 (link opens in a new window)