SB Finance Inc. has announced a strategic partnership with Delivery Hero Philippines Inc. (formerly Foodpanda Philippines Inc.) to introduce personal loan services to over 15,000 partner merchants affiliated with the foodpanda brand.
In accordance with SB Finance, the loan amounts available will range from P30,000 to P2 million.
Recognizing the vital role played by last-mile services like foodpanda in supporting the growth and reach of micro-scale, small-sized, and medium-scale enterprises (MSMEs), Michael Albert R. Rallonza, Head of Sales and Distribution for Consumer Finance at SB Finance, emphasized the significance of this collaboration. He stated in a press release, “It was only logical for SB Finance to augment the value proposition by offering accessible and affordable credit access to foodpanda’s partner merchants, thereby fostering a positive cycle for the entire ecosystem.”
The move by SB Finance aims to provide financial support and foster growth opportunities for the foodpanda network of merchants, thereby strengthening the overall food delivery ecosystem. By extending credit access to these partner merchants, SB Finance seeks to empower them with the necessary resources to enhance their businesses and expand their operations.
This collaboration comes at a crucial time when the food delivery sector has witnessed significant growth and MSMEs play a pivotal role in meeting the rising demand for food services. The partnership between SB Finance and Delivery Hero Philippines Inc. demonstrates a commitment to supporting these enterprises and enabling them to thrive in the competitive market.
With the implementation of accessible and affordable credit solutions, SB Finance aims to create a positive impact on the entire foodpanda ecosystem. By facilitating financial stability and growth opportunities for partner merchants, SB Finance envisions a mutually beneficial relationship that contributes to the success of both parties involved.
As the partnership between SB Finance and Delivery Hero Philippines Inc. takes shape, it is expected to bring about a positive transformation in the food delivery industry, empowering MSMEs and fostering a sustainable and thriving business environment.
SB Finance’s initiative to offer personal loans to foodpanda’s partner merchants is aligned with its commitment to financial inclusion and empowering small businesses. By providing accessible credit solutions, SB Finance aims to enable these merchants to overcome financial hurdles and drive their businesses forward.
This collaboration between SB Finance and Delivery Hero Philippines Inc. reflects a shared vision of supporting the growth and prosperity of MSMEs, thereby contributing to the overall development of the food delivery sector in the Philippines.
Through this strategic alliance, SB Finance and Delivery Hero Philippines Inc. are poised to revolutionize the food delivery landscape, ensuring that partner merchants have the necessary financial tools to thrive and succeed in a dynamic market.