Research from Tech in Asia, Tech in Asia

Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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Private Capital Markets

ProCredit Financing Corp / Private Capital Markets

<ul>
<li>In the Philippines, a staggering <a href="https://www.bworldonline.com/corporate/2023/02/16/505141/sec-67-of-msmes-are-experiencing-credit-constraints/" target="_blank" rel="noopener">99.5%</a> of all businesses are SMEs.</li>
<li>As of last year, 67% of local SMEs grappled with credit constraints – a lot of business owners found the friction that comes with traditional bank loans too much of a hassle.</li>
<li>One startup looking to solve this issue is ProCredit, a Filipino lending firm that engages business owners with its senior decision-makers from the get-go.</li>
</ul>


In the Philippines, a staggering 99.5% of all businesses are SMEs.
As of last year, 67% of local SMEs grappled with credit constraints – a lot of business owners found the friction that comes with traditional bank loans too much of a hassle.
One startup looking to solve this issue is ProCredit, a Filipino lending firm that engages business owners with its senior decision-makers from the get-go.


ProCredit Financing Corp

ProCredit closes $4.1m pre-seed round