Back from
left: Mr. Akio Yamato,
Chief Financial Officer of AND Financing Corporation; Mr. Mitsushiga Kanaya, Chief
Strategic Officer of AND Financing Corporation; Mr. Hideyuki Matsuda, General
Manager Finance and Leasing Department of Marubeni Corporation;
Front from left: Mr. Taro Kawabe, Executive Officer, Chief Operating Officer, Finance, Leasing & Real Estate Business Division of Marubeni Corporation; Mr. Katsuhiko Madono, President and CEO of AND Financing Corporation; Atty. Cherryl Carbonell, Officer-in-Charge Director of Consumer Affairs and Advocacy Bureau - Department of Trade and Industry Philippines; Mr. Yohichi Shibata, President & CEO of Premium Group Company Limited; Ms. Rosemarie Estellar, Chief Operating Officer and Chief Corporate Officer of AND Financing Corporation; Mr. Khos-Eedene Baatarkthuu, Chief Executive Officer of AND Global Private Limited; Mr. Batbaatar Purev-Ochir, Sales Head of AND Solutions Private Limited
AND Financing Corporation (hereinafter “AFC”)
doing business under the name and style of “etomo”, a consumer finance company
in the Philippines, today announced the capital alliance with Marubeni
Corporation (hereinafter “Marubeni”), a major Japanese trading and investment
business conglomerate; Premium Group Co., Ltd. (hereinafter “Premium Group”), an
integrated car service provider listed in Japan; and AND Global Pte. Ltd. (hereinafter
“AND Global”), a fintech – financial technology – startup in Singapore. This
alliance aims to strengthen AFC's position in the rapidly evolving Philippine
consumer finance market.
AFC was established in 2018 as a subsidiary
of AND Global with its Online Lending Platform (“OLP”) under the brand name
“LendPinoy”. Since then, the company has
engaged in the microloan business by leveraging AND Global’s fintech solutions
and mobile-based microloan expertise in the global market. With the rapid
expansion of domestic consumption driven by the middle-income class of
financial consumers, AFC has differentiated itself by offering longer-term and
multi-purpose personal loans to respond to the consumer’s various financial needs.
In 2023, AFC invited Marubeni
and Premium Group as its new shareholders in order to enhance its business and
finance products. And in June 2024, these two companies successfully completed
the joint acquisition of AFC’s majority shares along with new capital injections. This alliance brings together Marubeni's broad
business experience and networks in the Philippines, Premium Group's extensive experience
and expertise with consumer finance business, and AND Global’ s advanced data
analysis and fintech solutions.
L-R: Mr. Akio
Yamato, Chief Financial Officer of AND Financing Corporation; Ms. Rosemarie
Estellar, Chief Operating Officer and Chief Corporate Officer of AND Financing
Corporation; Mr. Katsuhiko Madono, President and CEO of AND Financing
Corporation, Mr. Mitsushiga Kanaya, Chief Strategic Officer of AND Financing
Corporation; Ms. Miyuki Sugawara, Corporate Strategic Manager – AND Financing
Corporation
In July 2024, AFC launched “etomo” as the new
brand of its OLP and personal loan products. This rebranding, along with the alliance’s
full support, enables “etomo” to enhance its brand recognition across the Philippines,
expand its customer base through strategic local partnerships, and develop
cutting-edge digital financial services. These initiatives are expected to
significantly boost the competitive edge of “etomo” in the Philippine market.
AFC’s vision as a company is to become an
excellent partner in the Philippine society by providing innovative financial
products and services. The company is fully committed to have a positive social
and economic impact on the lives of the Filipino people.
”etomo” currently offers the etomo
Term Loan to its customers. Soon, it will launch the etomo Revolving Loan,
which offers greater flexibility in monthly amortization and schedule of
payments. These collateral-free and competitive
interest loans and credit facilities are intended for salaried workers and their
families to help address their financial
needs, such as medical expenses, tuition fees, utility bills, and the like. With
the use of fintech solutions such as machine learning and Artificial Intelligence,
“etomo” delivers these financial
products through its etomo App, which is conveniently accessible through
the customers’ smartphones at anytime and anywhere. The loan application using
the etomo App is fully digital and hassle-free with a quick turnaround
time. This combination of competitive rates and a low barrier to entry for
customers promotes financial inclusiveness to the unbanked or those who do not
have access to traditional financial services.
This leverage and use of advanced
technology allows AFC to reach out to underserved segments of the population
and fulfill their financial needs, thus contributing to the country's economic growth
and development.
For inquiries,
please send an e-mail to contact@etomo.ph.
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