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SeekCap, an online lending marketplace built by leading open finance platform UBx, gears for a fourfold increase in loans processed and six-fold increase in value of credit in 2022.
In a statement, SeekCap said it processed over P6 billion in loans from more than 40,000 micro, small and medium enterprises (MSMEs).
This year, SeekCap aims to process roughly P33.5 billion in loans, six times higher than last year.
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The company has been strengthening partnerships with online communities, platforms, and governments to reach MSMEs that need access to business loans, said Marcy Pilar-Inajada, UBX managing director for lending.
