Cashalo, a pioneer in digital financial services in the Philippines, has announced a significant milestone—securing a loan facility of up to USD75 million from Community Investment Management (CIM), a global private investment firm. This funding is set to supercharge Cashalo’s mission to provide fair and accessible credit to millions of underserved Filipinos.
“This partnership will enable us to accelerate our mission to expand financial inclusion and social mobility throughout the Philippines,” said Luke Stidham, President of Cashalo. “With CIM’s backing, we have an incredible opportunity to uplift even more Filipino communities by scaling our impact and ensuring more Filipinos are included in the financial system.”
CIM Partner Bernhard Eikenberg echoed the sentiment, highlighting Cashalo’s forward-thinking strategy: “We’re proud to support Cashalo’s mission in the Philippines. Their data-driven approach, commitment to transparency, and inclusive strategy reflect the future of responsible digital lending.”
The funding boost coincides with Cashalo’s first anniversary as a member of Empower Finance, a U.S.-based fintech company focused on democratizing access to credit. Within just a year under Empower’s umbrella, Cashalo has enhanced its digital lending services, making significant strides in customer experience and national reach. The result? Nearly five million loans extended to Filipinos across the country.
Marking this new chapter, Cashalo has also unveiled a refreshed brand identity. The updated logo features bold blue lettering, representing trust and stability, alongside golden-yellow sun rays that symbolize hope and the enduring resilience of the Filipino people.
Looking ahead, Cashalo plans to use the USD75 million facility to bolster its core digital lending business, roll out new financial products, and penetrate deeper into underserved areas.
“We look forward to continuing our investments in the Philippines to drive financial inclusion,” said Warren Hogarth, co-founder and CEO of Empower Finance. “Cashalo is uniquely positioned to lead the way in delivering scalable, data-driven credit solutions that truly make a difference in people’s lives.”
Filipinos can expect more inclusive financial solutions from Cashalo as it continues to expand its reach and impact.
For more updates, visit cashalo.com and follow Cashalo on Facebook, Instagram, and TikTok.
