Billease is an online lease application that allows users to make purchases on e-commerce websites with flexible payment terms. This buy now pay later (BNPL) service allows users to divide their purchase into manageable installments, making it easy for anyone to access and repay. In addition, Billease uses alternative data sources to help users with poor credit scores.
Plentina
Plentina is a Silicon Valley-based fintech company that empowers emerging market consumers and businesses with financial services. The company offers an automated wealth management platform and leverages artificial intelligence to improve the delivery of financial services, including facilitating greater access, providing apt advice, and empowering more efficient communication.
The platform allows users to access buy now, pay later services at select merchants. https://loansforall.org/loan-antipolo/ Its easy-to-navigate app lets them apply for loans within minutes and get approved for a credit limit that grows through good repayments. It also provides a consolidated view of their payments and debts, helping them stay organized.
It uses alternate data sources to assess creditworthiness, including retail loyalty programs and mobile data (with user consent). The company has generated more than 10 million credit scores for loan applicants so far. The platform is available in a number of countries and has partnerships with major retailers and banks.
The platform will offer short-term loans for urgent needs like groceries, gas, and school fees. It will also offer long-term loans for larger expenses, such as home renovations and car purchases. In addition, the app will help Filipinos save and invest for their future goals, such as purchasing a new home or covering their children’s college tuition. This is an important step in building wealth and establishing financial stability for Filipinos living abroad.
TendoPay
TendoPay offers a variety of benefits for its customers including cashback on selected purchases, mobile credit top-ups, and rewards for making payments. Its platform allows you to make bill payments and remittances from your bank account. You can also use it to buy items online at partner merchants. All you need to do is log in to your TendoPay account, choose the payment method you want to use, and enter the required details. It’s a safe and convenient way to make payments online.
The Applicant/User/Active User authorizes TendoPay, directly or through its Partners to collect, retrieve, process and store his/her Personal Information for purposes including but not limited to, credit investigation, risk evaluation, data analytics, collections processes, data profiling, directly marketing of products and services of the Partner. The Applicant/User/Active Member is responsible for safeguarding his/her username, password and electronic signature to prevent unauthorized access and disclosure.
In partnership with FinScore, Tendo by Tonik now offers a proprietary telco credit scoring technology that is powered by more than four hundred (400) telco variables such as data and voice usage, top-up patterns, location, and more. This enables a borrower to be assessed in under a second and provides a robust prediction of the loan applicant’s creditworthiness. Tonik’s acquisition of TendoPay is a testament to its passion for accelerating financial and credit inclusion in the Philippines through mass-market digital credit products that are accessible, affordable, and easy to use.
Atome
Atome is a new app that offers 0% interest installment loans in partnership with online and offline merchants. Its user-friendly interface makes it easy to use. However, you should be aware of the risks associated with this type of loan and be careful to avoid getting into debt. If you don’t pay back your debt during the 0% period, you may be charged huge fines and interest charges.
Atome’s BNPL service is available at more than 10,000 offline and online merchants in Southeast Asia. The company is headquartered in Singapore and has partnerships with major retailers across the region. It also has a credit facility of US$80 million, which was recently expanded with the addition of BlackRock and InnoVen Capital as new consortium members.
The Atome app is free to download, and you can use it in any store where the payment option is available. Just select the option when you checkout and you’ll be able to split your purchase into three consecutive monthly interest-free payments. The first installment will be charged at the time of the sale, and the other two will be deducted 30 days later.
Another advantage of Atome is that you don’t have to worry about late payments, as the repayments are automatically deducted from your debit card. Additionally, if you are refunded for a purchase, the amount will be deducted from your next scheduled instalment.
Billease
Billease, which was founded by the fintech company First Digital Finance Corporation, offers a buy now pay later service that allows customers to split their purchases into easy-to-manage installments. It also offers credit limits that can be used at Billease’s partner merchants, including Lazada. It has achieved profitability and delivered a 47% return on equity in 2023. It is backed by $5m in investment from Saison Investment Management Private Limited, the offshore lending arm of Saison International. This enables Billease to expand its loan portfolio and launch new credit products tailored to the needs of consumers. Applicants must submit their proof of income and billing before they can be approved for a Billease installment plan.