The Bank of the Philippine Islands (BPI) has entered into a strategic partnership with FundSpace, an online platform owned and operated by 917 Ventures, with the aim of providing SMEs with increased access to essential financing. This collaborative effort underscores BPI's commitment to expanding its reach and supporting the financial needs of small businesses.
Under this dynamic partnership, BPI Business Banking and FundSpace will work together to promote BPI's Ka-Negosyo Loan products through various digital channels. This collaborative approach includes newsletters, website features, and social media posts, ensuring that SMEs have easy access to valuable financing solutions.
FundSpace will also play a crucial role as a loan originator, facilitating the loan application process through its website. It will assist interested SMEs and endorse qualified clients to Business Banking as complete loan applications, streamlining the financing journey for businesses.
SMEs looking to secure financing can conveniently apply for a range of Ka-Negosyo Loans, including Ka-Negosyo SME Loans, Ka-Negosyo Ready Loan, and Ka-Negosyo Credit Line, directly through the FundSpace website.
Ococ Ocliasa, the Head of BPI Business Banking, expressed the bank's dedication to simplifying the financing process for SMEs, saying, "This partnership underscores our commitment to providing madali (easy), magaan (convenient), and mabilis (fast) solutions to support SMEs in realizing their growth plans."
"We are grateful for this opportunity to collaborate with FundSpace and leverage its user-friendly online portal to make our suite of affordable loan products more accessible to SMEs in need of funding," Ocliasa added. "This partnership allows us to deliver an improved customer experience and empower SMEs to scale their businesses successfully."
As BPI and FundSpace join forces, they are poised to make a significant impact on the SME landscape, making it easier for businesses to secure the financing they require to thrive and grow.