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Tuesday, February 27, 2024

FundSpace, BPC Lending sign partnership agreement

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FundSpace, a leading loan aggregator, signed a strategic partnership with BPC Lending Inc. to boost financing options for micro, small and medium-sized enterprises (MSMEs) and individual borrowers in the country.

The partnership marks a milestone for the 917Ventures startup company as it continues to broaden its suite of financial products, demonstrating its commitment to empowering economic growth and financial inclusion.

With BPC Lending Inc., FundSpace can now offer tailored loan options ranging from P5,000 to P200,000, addressing the needs of small sole proprietorships for more substantial business operations.

“We are beyond ecstatic for this new chapter for FundSpace, as the platform expands its services to personal loans and MSMEs,” said Martin Luchangco, entrepreneur-in-residence at 917Ventures.

Luchangco said the partnership with BPC Lending Inc. would encourage more individuals and business owners to seek financial assistance via FundSpace.

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“BPC Lending Inc. is proud to partner with FundSpace in providing customers new sources of financial aid and expanding its reach via the introduction of personal loans to the platform,” said Alain Grey Silva, managing director at BPC Lending.

“We hope that this newly forged partnership will continue to benefit us, the economy, and the Filipino people,” he said.

Alisa Bermudez, venture builder for FundSpace at 917Ventures said FundSpace has grown to become the preferred source of financial assistance for numerous Filipino SME owners.

“Hence, we express our excitement for the venture now that it has opened to personal loans, thanks to its new partnership with BPC Lending Inc.,” she said.

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