SB Finance, the consumer finance subsidiary of bilyonaryo Frederick Dy’s Security Bank Corporation, has joined forces with Foodpanda, a leading online food and grocery platform, to provide personal loans to more than 15,000 partner merchants.
The partnership aims to facilitate the expansion of these merchants’ market presence through accessible and affordable loan products.
Through the Zukì mobile app, loans ranging from P30,000 to P2 million will be extended to Foodpanda partner merchants.
“We at SB Finance understand the value provided by last-mile services such as Foodpanda as they support MSMEs (micro, small, and medium enterprises) reach and growth,” said Mikal Rallonza, head of sales and distribution for consumer finance.
SB Finance, a joint venture between Security Bank and Thailand’s Bank of Ayudhya (Krungsri), offers multi-purpose loans through its four main product offerings, namely, Personal Loan, Car4Cash, and MotorsikLOAN, and eSALAD.
“It’s always our priority to help our partner vendors and merchants thrive in the online digital space, particularly small Filipino businesses,” Foodpanda Philippines Commercial Director Luis Antonio Yanga said.
