In a major move aimed at accelerating financial inclusion and boosting economic development across the country, Discovery Capital Finance Corporation (DCFC) and innovative fintech leader Kredit Hero, Inc. have officially announced a strategic partnership. The alliance is designed to dramatically increase the availability of financing for Small and Medium Enterprises (SMEs) and amplify the market visibility of both organizations.
The collaboration fuses the established lending experience of Discovery Capital with the cutting-edge technological agility and extensive reach of Kredit Hero, Inc., promising a streamlined and more accessible financing journey for entrepreneurs nationwide.
A Shared Vision for Nation-Building
This partnership transcends traditional business agreements; it is fundamentally geared towards nation-building. By pooling resources and leveraging distinct strengths, DCFC and Kredit Hero, Inc. aim to empower the SME sector, often referred to as the backbone of the Philippine economy. Discovery Capital already maintains a strong physical commitment to this mission with six strategically located offices nationwide to efficiently cater to clients’ diverse needs.
Diosdado C. Salang Jr., President of Discovery Capital Finance Corp., expressed immense enthusiasm for the future impact of the alliance.
“We are incredibly excited about this partnership with Kredit Hero, Inc. This is about more than generating volume for our balance sheets; it is about extending a crucial lifeline to our entrepreneurs and the communities they serve,” said President Salang “Our combined efforts will not only increase our market visibility across the country but, more importantly, will translate directly into palpable assistance for our borrowers, strengthening the community, and supporting the government’s goals in true nation-building.”
Amplifying Access and Inclusion
The strategic goals of the partnership are twofold: to significantly increase market visibility and to provide enhanced value to clients. The partnership is expected to have a massive impact, particularly in reaching the unbanked and underbanked clients who are often excluded from traditional financial systems.
For SMEs, the partnership means faster access to working capital, equipment loans, and other critical financial products needed for expansion and resilience. Kredit Hero’s digital platforms will serve as efficient origination and distribution channels, effectively reducing the time it takes for a deserving SME to secure funding from Discovery Capital.
By working together, both firms expect to:
- Expand Hybrid Footprint: Leverage DCFC’s six existing physical offices and Kredit Hero’s digital reach to service thousands of underserved SMEs across the country.
- Target Financial Inclusion: Specifically cater to the unbanked and underbanked, utilizing technology to provide necessary capital where it is most needed.
- Improve Borrower Experience: Offer quicker loan application processing and decision-making cycles.
- Fuel Local Economies: Inject necessary capital into local businesses, driving job creation and sustained economic activity.
This alliance marks a significant step forward in simplifying the often-complex process of obtaining formal financing, ensuring that high growth potential is never hampered by a lack of capital access.
