Thursday
April 22
2021

Uploan Secures US $15 Million From Lendable to Expand Its Payroll Financial Services Beyond Philippines

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)

Categories
Finance, Technology
Tags
financial inclusion, fintech