Fintech company Advance has secured P100 million loan facility from Cebuana Lhuillier to expand its lending services for individual and small and medium-sized businesses across the country, the company said in a statement last week.

The finalization of a P100- million lending deal enables Advance to provide more credit, not only to thousands of individual employees but to hundreds of small and medium-sized businesses across the Philippines.

This new facility supports Advance and Cebuana Lhuillier’s shared vision of uplifting growing businesses and improving the lives of their employees by providing funding access to a segment that remains highly underserved.

Advance is a regional fintech company operating out of the Philippines and Vietnam. The company aims to elevate both businesses and employees across Southeast Asia through responsible access to finance.