Tech Company Financing Transactions
ProCredit Funding Round
On 2/26/2024, ProCredit received $4.1 million in Seed funding from Integra Partners, Cento Ventures and Gobi Partners.
Transaction Overview
Company Name
Announced On
2/26/2024
Transaction Type
Venture Equity
Amount
$4,100,000
Round
Seed
Investors
Proceeds Purpose
ProCredit plans to expand its loan book to raise additional capital, the company said in a statement.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Makati, Undisclosed
Philippines
Makati, Undisclosed
Philippines
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
ProCredit is a tech-enabled SME lender started by a senior founding team with over 50 years of combined emerging markets SME-lending experience, having held senior credit roles at Citigroup, Standard Chartered, ANZ, and the Asian Development Bank. Leveraging this deep domain expertise, ProCredit aims to become one of the largest SME lenders in the Philippines, employing a credit-first client engagement model, rules-based underwriting and portfolio management architecture, and flexible product offerings with risk-based pricing, all in service of providing best-in-class customer experience and closing the credit cap in the Philippines mid-market SME segment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adnan Agha
Browse more venture capital transactions:
Prev: 2/26/2024: Tsubame BHB venture capital transaction
Next: 2/26/2024: Altilium Clean Technology venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs