AND Financing Corporation (AFC), a subsidiary of AND Global, has announced a game-changing alliance with Marubeni Corporation and Premium Group Co., Ltd. to empower etomo, an inclusive digital lending platform.
Strategic Alliance for Growth
This powerhouse partnership aims to turbocharge etomo in the rapidly evolving consumer finance market in the Philippines. AND Global, a fintech innovator headquartered in Singapore with tech roots in Mongolia, is known for promoting financial inclusion across Southeast Asia.
New Capital and Expertise
Marubeni and Premium Group are bringing fresh capital and expertise to the table. This collaboration combines AND Global’s advanced data analytics and fintech solutions, Marubeni’s extensive business networks in the Philippines, and Premium Group’s consumer finance know-how.
Expanding etomo’s Capabilities
The alliance will launch new features for etomo, boosting its presence in the Philippines, expanding its customer base through local partnerships, and enhancing digital financial services. AND Global will power etomo with cutting-edge data analytics and fintech solutions.
Innovative Loan Solutions
etomo currently offers Term Loans and plans to introduce Revolving Loans, providing greater flexibility in monthly payments. These collateral-free, competitive interest loans are designed to help salaried workers and their families manage expenses like medical bills, tuition fees, and utility bills.
CEO’s Vision
Khos-Erdene Baatarkhuu, CEO of AND Global, stated, “etomo’s vision is to become an essential partner to Filipino society by providing innovative financial products and services. Our strategic alliance with Marubeni and Premium Group will help us deliver top-notch financial services and positively impact the lives of the Filipino people. This endorsement by renowned companies proves the value of Mongolian technology on the global stage.
Get ready for a fintech frenzy at Your Ledger!
