FinQuest Philippines recently launched its technology-driven platform that connects small and medium‑sized enterprises (SMEs) with banks and financial institutions.
The platform functions as a secure and efficient marketplace for borrowers and lenders offering streamlined applications to access multiple financier options, the fintech firm said.
FinQuest founder and CEO, Jose Carmelo Nograles, said the objective is to “empower SMEs and business borrowers with faster access to financing, while helping formal financial institutions reduce origination costs and administrative burden.”
FinQuest said it will make the lending process more convenient via its single‑app usage, which will require SMEs to submit only one comprehensive loan application that FinQuest.ph will distribute to its network of partner banks and other financial institutions.
Meanwhile, the platform’s automated workflows reduce processing times and cut borrower effort, resulting in quicker loan processing and approvals.
The fintech firm said its app allows business owners and entrepreneurs to compare rates and repayment schedules from various lenders before choosing what is the best option for them.
Lenders, on the other hand, will gain access to curated applicant profiles, reduced origination costs, and a pipeline of vetted leads, it added.
As the Philippine fintech space continues to expand, FinQuest said it is aiming to bridge connections between entrepreneurs, banks, and other financial institutions through a secure, compliant, and efficient marketplace.
“FinQuest is transparent and direct in its role as merely a technological marketplace platform, a space that aims to bring together SMEs and financial institutions,” the company said.
The company itself does not engage in any kind of lending activities, as mandated by its registration with the Securities and Exchange Commission. Its cybersecurity measures are also compliant with the mandates of the Bangko Sentral ng Pilipinas as it anonymizes personal data until loan applications are finalized and deletes applicant data post-acceptance to protect users and their information.
