Say hi to ProCredit. They’re an SME lender based in the Philippines on a mission to speed up the loan application process. And they just raised a $4.1M pre-seed!

Investor check. Integra Partners led the round. The Menardo Jimenez Family Office, M Venture Partners, Cento Ventures, Gobi Partners, and several local angels joined in!

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💳 What’s different about ProCredit

SMEs, we all know applying for loans is a pain. You need to fill out forms, fix your documentation, and talk to different administrative agents, making the process way too long. 

• With ProCredit, you can engage with senior decision-makers upfront in your very first meeting.
• Plus, they have a rules-based underwriting, portfolio management architecture, and flexible product offerings, which are all powered by proprietary technology.

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🔢 How they manage loans? 

ProCredit doesn’t operate a lending platform, so they don’t accept or process loan applications and approvals online. 

• They manage loans through face-to-face interactions at their office. 
• Oh, and they also conduct physical visits to a customer’s place of business to reduce the risk of bad loans. 

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⏭️ What’s next? 

They’ll expand their loan book and raise additional capital. 

• Oh, and they’re also considering expanding into the banking sector, which would allow them to offer a fuller suite of lending solutions!