Financing firm Asialink Finance Corp. has tied up with Creador, a Southeast Asian private equity firm, has invested P4 billion in local financing firm Asialink Finance Corp. which will enable the latter broaden access to funding to small and medium enterprises in the country.
Omar Mahmoud, managing director and country head of the Philippines at Creador said through its investment, the company aims to unlock new avenues of growth and opportunity as Asialink expands its footprint, particularly in Visayas and Mindanao, diversifies its offerings, and harnesses data-driven approaches to digitize its services.
Asialink said its affiliates Global Dominion Financing Inc. and South Asialink Finance Corp. will also benefit from Creador’s investment.
Robert Jordan Jr., Asialink chief executive officer of Asialink, said the company aims to open 97 new stores across the country by the end of the year.
Currently, with 153 branches nationwide, Asialink offers a diverse range of financial products tailored to meet various needs, including mortgage of existing cars and trucks (sangla OR/CR), financing of used and brand-new vehicles, and mortgage and financing of real estate properties.
Its diverse consumer base include food businesses, comprising 20 percent of borrowers, followed by retail and services at 15 percent each and the remaining 50 across all sectors.
