UBX, the financial technology venture studio and fund under Union Bank of the Philippines, has entered into a partnership agreement with UNO Digital Bank, aiming to enhance access to credit for micro, small, and medium enterprises (MSMEs).
This collaboration is set to revolutionize the financing landscape for MSMEs by providing a solution called SeekCap, which addresses the common challenges of limited access to funding due to stringent banking requirements.
John Januszczak, president and CEO of UBX, expressed the company’s commitment to supporting MSMEs and their growth aspirations.
SeekCap allows MSME players to secure financing even without formal financial data, thereby democratizing access to loans.
The partnership with UNO Digital Bank further strengthens this mission, fostering inclusivity in loan processing for MSMEs and making a significant contribution to the economic development of the Philippines.
UNOBank, being one of the select digital banks licensed by the Bangko Sentral ng Pilipinas, offers borrowers the flexibility to obtain loans of up to P250,000 with a loan term of 12 months.