It’s always great to see financial institutions thinking outside the box, and this new partnership between Netbank and JuanHand is definitely one to watch. Netbank, a respected name in rural banking, is teaming up with JuanHand, the leading fintech lending app in the Philippines, to extend a financial lifeline to communities that often get left behind.
Think about it: combining the established network of a rural bank with the agile technology of a fintech platform. The goal? To empower Filipinos from all walks of life, helping them achieve their aspirations and fuel their businesses with innovative lending solutions tailored to their individual needs.
The announcement event saw key figures from both organizations come together, including Netbank’s Co-founder and CEO David Paulo Dela Paz and Head of Lenders Amiel De Sotto. High-profile representatives from FinVolution and WeFund Lending Corp., the force behind JuanHand, were also present, underscoring the significance of this collaboration.
Amiel de Sotto from Netbank highlighted the power of “embedded finance,” explaining how it enables partners like JuanHand to reach more underserved Filipinos effectively. He emphasized Netbank’s aim to empower their partners to scale rapidly and deliver crucial financial services directly to those who need them most.
JuanHand, operated by WeFund Lending Corp., has already made a significant impact, disbursing over ₱40 billion in loans to more than 12 million users. The app has gained popularity for its speedy approval process, minimal requirements, and user-friendly interface, earning its reputation as the country’s top loan app due to its innovation, compliance, and accessible customer service.
Francisco “Coco” Mauricio, President and CEO of WeFund Lending Corp., expressed his enthusiasm, stating that JuanHand is delighted to be Netbank’s chosen lending partner. He believes this collaboration will benefit millions of Filipinos, providing financial assistance whenever and wherever they need it. With Netbank, JuanHand aims to break through existing limitations and serve “every Juan” without boundaries.
This partnership signifies a promising step towards greater financial inclusion in the Philippines, leveraging technology and established networks to reach those who have traditionally been underserved by mainstream financial institutions.
