ProCredit, an SME lender in the Philippines, secured a US$4.1 million pre-seed funding round led by Integra Partners to enhance credit access for underserved businesses.

Target Information

ProCredit is a Philippines-based lender specializing in small and medium-sized enterprises (SMEs). Founded by a team with over 50 years of collective experience in emerging market SME lending, ProCredit aims to become a leading SME lender in the Philippines. The founding team has held senior lending positions at notable organizations such as Citigroup, Standard Chartered, ANZ, and the Asian Development Bank. By leveraging their extensive expertise, ProCredit utilizes a technology-driven approach to enhance credit access for SMEs.

The company employs a unique credit-first client engagement strategy, supported by a rules-based underwriting and portfolio management system. Through flexible and risk-based pricing for its lending products, ProCredit intends to optimize operating costs while significantly improving the customer experience. The startup plans to grow its loan portfolio through both organic expansion and potential acquisitions, alongside considering entry into the banking sector to provide a more comprehensive suite of financial solutions for mid-market SME clients.

Industry Overview

The SME sector is a crucial driver of the Philippine economy, accounting for approximately 99.5% of all registered businesses. However, access to finance remains a significant hurdle for many SMEs, with around 8