In the News

- onJune 18, 2018

In the same way that the app provides financial relief to the cash-strapped, the Cashalo office is designed to alleviate its employees of as much stress as possible. “The focus is on increasing the well-being and productivity of its employees”

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- Philstar onJune 14, 2018

Through the platform, proponents aim to enable millions of customers, including those with no credit history, to participate in the global economy by having access to financing.
Geoffrey said the venture targets to have half a million users by the end of the year and 1,000 employees to handle loan verification and processing, among others.

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- Philippine Daily Inquirer onJune 07, 2018

Gokongwei-led JG Summit Holdings and Hong Kong-based global financial services and technology firm Oriente are jointly investing at least P10 billion in rolling out Cashalo, a new mobile lending platform that offers cheaper credit to people who are not served by the formal banking system.

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- Bloomberg onJune 06, 2018

Billionaire John Gokongwei, owner of the Philippines’ largest snack maker and budget airline, and a Skype Inc.founder will invest as much as $200 million over three years to lend to millions of unbanked Filipinos.

The venture, set up last year by Gokongwei’s JG Summit Holdings Inc. and financial-technology startup Oriente, seeks to give credit through a digital platform to Filipinos who often resort to loan sharks because they lack access to formal banking services. Its expansion comes as the central bank encourages emerging technologies to spur financial inclusion in a country where more than 70 percent of adults have no bank accounts.

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- The Philippine Star onJune 07, 2018

Gokongwei-owned JG Summit Holdings Inc. and Hong Kong-based Oriente are pouring in P10 billion over the next three years to build and expand the reach of Cashalo, a mobile application that provides on-demand access to loans to Filipinos.
Cashalo, a mobile-first lender, is part of the joint venture of JG Summit subsidiary Express Holdings Inc. and Oriente, which seeks to accelerate financial inclusion in the Philippines by providing loans to the unbanked sectors in the country.

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- onAugust 01, 2017

Greater China-based Oriente and Express Holdings, Inc. (a subsidiary of JG Summit Holdings, Inc.), through an exclusive partnership, will address the financial exclusion problem of underbanked consumers and MSMEs in the Philippines.

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- Philstar onAugust 02, 2017

A subsidiary of JG Summit Holdings Inc. has formed a joint venture with China-based Oriente to set up a digital financial service company to serve underbanked consumers and micro, small and medium enterprises in the Philippines.
Specifically, the joint venture will put up a marketplace that will enable Filipinos to tap into credit facilities for their financial needs such as tuition, medical expenses or small business.

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