UBX, the leading open finance platform in the Philippines, cemented its role in
empowering women in business by signing a groundbreaking partnership agreement
with Women’s Business Council Philippines (WomenBizPH), the leading voice of women
in Commerce, and mobile financing powerhouse SeedIn.
Under the memorandum of agreement, the three groups will collaborate to build a
Women-to-Women (W2W) Investment and Lending Portfolio, a basket of financial
assets that will help empower Filipino women to become successful entrepreneurs.
The W2W Investment and Lending Portfolio will provide beneficiaries with financial tools
such as investment products and credit lines to empower them in their journey to
Women in SME businesses will have the opportunity to borrow using AI credit scoring
fintech platforms starting with Seedin Philippines Inc. Qualified borrowers can be
chosen by women investors. The network of top women business leaders and
entrepreneurs of WomenbizPH will have priority to choose and act as investors for their
UBX’s SeekCap, an online lending marketplace, will facilitate the beneficiary onboarding,
while disbursements and payments will be coursed through i2i, the banking-as-a-service
venture of UBX, and BUx, the country’s leading payment gateway.
On the other hand, SeedIn will play the role of the primary lender. SeedIn will connect
female investors to the portfolio both from WomenBizPH and its existing investor pool.
Beneficiaries can request for a loan for as low as P300,000 or investment in a portfolio
with just P1,000.
“UBX recognizes the gender gaps that hinder women from reaching their maximum
potential. Thus, our vision of finance for all means eliminating these obstacles by
providing women with innovative digital business tools and credit options through Open
Finance,” UBX Chief Product Officer Anne Yosuico said.
WomenBizPH is the lead private sector partner of the government, particularly the
Department of Trade and Industry and the Philippine Commission on Women, and
represents the Philippines in APEC and ASEAN events.
“With the help of our fintech partners UBX and SeedIn, what we hope to do with is to
be able to provide opportunities for women led businesses to get funding and hence
would have a chance not only to survive but thrive,” said WomenBizPH
Trustee/Treasurer Ida Tiongson.
SeedIn, on the other hand, is a mobile and web-based P2B Financing Platform where
local businesses seeking short-term financing can match with individuals and institutions
seeking short-term investments and has been considered one of South East Asia's
largest Business Financing Platforms with funded projects in several countries
throughout the region.
“This partnership with UBX and SeedIn, fortifies our commitment to support local small
businesses and this extends to the elimination of gender disparity as well. Women play
a major role in the country’s microeconomy, and empowering them by providing
alternative financial solutions will undoubtedly make a big impact in improving the
economic landscape in the Philippines”, said Mylene Abiva, Chairperson of
In the Philippines, 54 percent of MSMEs are run by women. According to a study by the
Asian Development Bank, women-led businesses are less likely to get bank loans and
resort to reducing the number of employees. With the impact of COVID-19 on the
economy, these businesses suffered even more, as the majority of them faced lack of
funding and were forced to close down due to financial decline.
“This partnership will have a positive domino effect which will redound to boosting
economic growth in the Philippines. This is real financial inclusion,” Tiongson said.
More fintech players are expected to be included in this endeavor to truly achieve
finance for all. Soon enough, women entrepreneurs from across the archipelago will
have access to Fintech Financing and Education, Fintech Investments, Platform for
financial education through UBX.
To learn more about UBX, please visit www.ubx.ph.