By Carl Rogel Inocentes
Lendr recently was recently named the “Best Consumer Finance Product” at the Asian Banker Philippine Country Awards 2017 held recently in Makati City.
Lendr developed by Voyager Innovations’ financial technology arm FINTQ, allows prospective borrowers to search for the best loan, file their applications and submit requirements online or via mobile phones, eliminating the need to go to a physical bank branch or to fill out long and complicated application forms.
“Lendr has been making inroads as the leading digital lending platform in the country today, and this accolade from The Asian Banker further illustrates how it has become a pervasive and useful platform for financial inclusion,” said Lito Villanueva, Managing Director at FINTQ.
This is the second time that The Asian Banker has recognized Voyager for its role in developing breakthrough digital innovations, with Voyager President and CEO Orlando B. Vea receiving the Asian Banker Innovation Leadership Achievement Award for the Philippines early this year.
Lendr was recognized for promoting financial inclusion among Filipinos nationwide, including those in far-flung provinces out of reach by the traditional banking system. At the same time, it helps enable banks and other financial institutions by providing a common platform where they can engage with new markets via digital and mobile technology.
The Asian Banker awarded Lendr for exhibiting “a sustainable business performance in 2016,” since it has so far helped disbursed more than P24 billion in loans to users in 100% of Philippine provinces, 91% of cities, and 26% of municipalities nationwide.
It is the first non-bank product to receive such a distinction from the prestigious institution. To date, Lendr has partnered with more than 50 bank and non-bank institutions in various stages of onboarding, among many others.