Telecom Asia Awards 2018: Frictionless lending has a new address

Telecom Asia staff writer
13 Aug 2018
00:00
News
Daily News
Most Innovative Partnership Strategy

Lendr (FINTQnologies)

In the Philippines, borrowing money can be onerous and time-consuming. Those needing emergency funds end up with informal lenders who charge exorbitant interests.

FINTQnologies’ Lendr offers a refreshing solution that helped it the Most Innovative Partnership Award. It is a fully digital, cloud-based, multi-channel, multi-device, telco and bank agnostic, loans solution. It removes the hassle of integrating bank and nonbank partners and speeds up loan applications within 1-3 days.

The platform is the first and only cloud-based loans marketplace platform approved by the Bangko Sentral ng Pilipinas (BSP). Over 200,000 borrowers from public and private sectors used the platform. It also provides over 11.2 million individuals in the country’s agricultural sector with access to ASEAN’s first digital agricultural loan.

This article first appeared on Telecom Asia December July 2018 Edition

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