ProCredit secures US$4.1 million in pre-seed funding to propel tech-enabled SME lending
ProCredit, a Philippines-based small and medium enterprise (SME) lender, closed a US$4.1-million pre-seed round, led by Integra Partners, with participation from the Menardo Jimenez Family Office, M Venture Partners (MVP), Cento Ventures, Gobi Partners (Gobi-Core Philippine Fund), and several local angel investors.
ProCredit is a tech-enabled SME lender started by a founding team with over 50 years of combined emerging markets and SME-lending experience, having held senior lending roles at Citigroup, Standard Chartered, ANZ, and the Asian Development Bank. Leveraging this deep domain expertise, ProCredit aims to become one of the largest SME lenders in the Philippines, employing credit-first client engagements, a rules-based underwriting and portfolio management architecture, and flexible product offerings incorporating risk-based pricing, all powered by a proprietary technology back-end to significantly reduce operating costs and expenses, while drastically improving customer experience.
Read more at https://www.bworldonline.com/sparkup/2024/03/11/580533/procredit-secures-us4-1-million-in-pre-seed-funding-to-propel-tech-enabled-sme-lending/.
Empowering SMEs: Strategies for Growth and Resilience – A Successful Inaugural Event
On November 12th, Integra Partners, in collaboration with ProCredit Financing Corp, hosted our inaugural SME Finance Conference in the Philippines. The event brought together more than 100 participants, including startups, SMEs, lenders, investors, and policymakers, to explore strategies for enabling SME growth and resilience.
Read more at https://integrapartners.co/integra-news/sme-finance-conference-recap/.