How they describe themselves: VENTENY is HR/Fin Tech company which provides instant online micro financing to employees through the companies in Philippines as a part of their benefits. We are the ONLY service which connects employees directly to micro financing together with the other perks and benefits.
The personal loan market in PH has USD 800 million a year and it has been growing its size rapidly.
Over a year of its operations, VENTENY has 35,000 employees on board through the companies and we are expecting to have total of 120,000 employees by the end of 2017.
How they describe their product/innovation: One-stop destination for employees looking for small and short term financial solutions that match their specific needs. Provides 24 hour access to credit without having to go through the traditional financial intermediaries.
Our max limit of the each loan is $400 a time with repay up to 30 days, we will let the most of applications to go through as long as we receive all the collateral.
And the best feature of this service is that the Interest rates will be changed by their repay history and years of working at the same company. Meaning to say, longer they work, lower the interest rate will be. By providing this service, we can solve employees needs for urgent cash and also we can improve turnover rate.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
Bus. Dev., Press & Sales: Junichiro Waide, CEO & Founder, +63 998 547 1918