Fintech Startup Jungle Secures Philippine Lending License
Updated: 2 days ago
Jungle, a purchase lending startup in the Philippines secured its lending license from the Securities and Exchange Commission.
With its new status as a duly licensed lending company, Jungle will now be able to operate in the Philippines and start providing purchase loans to Filipino consumers in just a matter of days.
The company will also continue to pursue partnerships with the country's top brands and retailers in different verticals such as consumer electronics, home appliances & furniture, dental & medical, travel, education, sporting goods, apparel, and many more.
The company takes pride in being able to provide a fully digital purchase lending experience for both consumers and merchants as well as its competitive rates for borrowers by removing fees and other charges.
Jungle is founded by Alfred Cardenas and Alejandro Reyes Bradford in 2019 and closed its Pre-Seed round in the same year from notable investors in Singapore.