Philippines-based SME lender ProCredit secures $4.1M in Pre-Seed funding led by Integra Partners

Feb 26, 2024•over 1 year ago

Amount Raised

$4.1 Million

Round Type

seed

MakatiFinancial Services

Investors

Gobi Partners (Gobi Core Philippine Fund)Cento VenturesM Venture Partners (Mvp)Menardo Jimenez Family OfficeIntegra Partners

Description

Philippines-based SME lender ProCredit secures $4.1M in Pre-Seed funding led by Integra Partners. ProCredit closed a $4.1 million pre-seed round, with participation from the Menardo Jimenez Family Office, M Venture Partners (MVP), Cento Ventures, Gobi Partners (Gobi-Core Philippine Fund), and several local angels. ProCredit will expand its loan book through organic and inorganic growth and raise additional capital. The fintech startup is also considering expansion into the banking sector.

Company Information

Company

ProCredit

Location

Makati, Metro Manila, Philippines

About

Procredit Financing Corp is a Fintech start up which is part of a lending group funded by prominent VCs and business family offices based in Singapore and the Philippines. Our founders have over 50 years of MSME a lending experience across 20 different emerging countries, a very unique profile in the start up space. Procredit plans to focus on lending to small and medium sized businesses. Our goal is to become the premier MSME lender in the Philippines in 5 years We rely heavily on technology and a rules based lending architecture for a very lean and efficient operation model with small but highly productive and motivated team.

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