FinVolution Group (NYSE: FINV), a prominent fintech platform, has announced a strategic collaboration between its Philippines financial application, Juanhand, and UnionBank of the Philippines (UnionBank), a digital bank committed to leveraging technological advancements for customer empowerment. Through this partnership, UnionBank will extend a funding facility of approximately 45 million pesos to Juanhand, facilitating accelerated financial inclusion for its users.
This collaboration not only enriches FinVolution’s service portfolio in the Philippines but also aligns with the company’s objective of bridging the gap between underserved borrowers and financial institutions. It presents an opportunity for deeper future collaborations between the two entities.
Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, expressed gratitude for being UnionBank’s inaugural fintech partner to receive a credit facility. With a focus on their “Local Focus, Global Outlook” strategy and dedication to enhancing financial services through technology, the company remains committed to innovation, user experience enhancement, and expanding its customer base across all markets. Li’s confidence in forging such partnerships underscores FinVolution’s ambition to replicate its successes in China and Indonesia across the Philippines and other international markets, thereby amplifying financial solutions for a broader audience and fostering rapid fintech industry growth in Southeast Asia and beyond.
