Cashalo, a leading digital financial services provider in the Philippines, has secured a loan facility of up to US$75 million from global private investment firm Community Investment Management (CIM). The facility will support Cashalo’s rapidly growing business in the Philippines and further its mission to expand access to fair credit to millions of underserved Filipinos.
Cashalo
celebrates a major milestone with the signing of a US$75 million loan facility
from global investment firm Community Investment Management. The partnership
aims to expand access to fair and responsible digital lending for underserved
communities in the Philippines, supporting Cashalo’s mission to promote
financial inclusion and uplift more Filipino lives. (From L-R): Luke Stidham - President of Paloo Financing;
Mac Muir - CFO of Empower; Gabby Ayala - General Manager of Paloo Financing)
“This partnership will
enable us to accelerate our mission to expand financial inclusion and social
mobility throughout the Philippines,” said Luke Stidham, President of Cashalo. “With CIM's
backing, we have an incredible opportunity to uplift even more Filipino
communities by scaling our impact and ensuring more Filipinos are included in
the financial system.”
Bernhard Eikenberg, a
Partner at CIM for its emerging markets strategy, added: “We’re proud to
support Cashalo’s mission in the Philippines. Their data-driven approach,
commitment to transparency, and inclusive strategy reflect the future of
responsible digital lending.”
The CIM partnership comes as
Cashalo marks its first anniversary as part of Empower Finance, a US-based fintech committed to democratizing
access to fair credit. In the past year, Cashalo has significantly expanded its
digital lending capabilities, improving customer experiences and increasing
opportunities for financial inclusion across the country. To date, Cashalo has
granted almost 5 million loans to Filipinos.
As part of this new chapter,
Cashalo is introducing a refreshed
brand identity that reflects its growth, momentum, and enduring mission.
The redesigned logo features bold blue typography to convey stability and
trust, complemented by golden-yellow sun rays symbolizing the optimism and
resilience of the Filipino spirit.
With the new facility in
place, Cashalo will continue to invest in its core digital lending business,
expand product offerings, and reach deeper into underserved Filipino
communities.
“We look forward to
continuing our investments in the Philippines to drive financial inclusion,”
said Warren Hogarth, Co-Founder and CEO
of Empower Finance. “Cashalo is uniquely positioned to lead the way in
delivering scalable, data-driven credit solutions that truly make a difference
in people’s lives.”
To learn more, visit cashalo.com
and follow us on Facebook, Instagram, and TikTok.
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