back Back

Turnkey Lender & Peppermint Innovation enable financial inclusion for unbanked Filipinos

By Leandra Monteiro

July 02, 2021

  • America
  • Turnkey
Share

Peppermint Innovation, Turnkey Lender, financial inclusion, unbanked, Filipinos, Fintech, AsiaTurnKey Lender has announced the addition of Peppermint Innovation to its rapidly expanding client family in Asia. Peppermint Innovation is an ASX-listed FinTech company focused on the commercialization of the Peppermint Platform, a proprietary technology platform targeting four key business sectors – mobile payments, eCommerce, delivery and logistics, and mobile financial services.

The Peppermint Platform is a financial technology solution aimed at delivering financial inclusion to the unbanked and underbanked, facilitating mobile micro-business enterprises and providing consumer confidence. It is powering the company’s own bizmoto non-bank mobile micro-enterprise platform in the Philippines.

This new partnership with TurnKey Lender will assist Peppermint Innovation to deliver all the ‘back-end’ support services and functionality required to deliver its micro-enterprise lending product, bizmoPay, via its bizmoto App.

Peppermint Innovation’s Managing Director and CEO, Chris Kain said, “The agreement will allow any of bizmoto’s 55,000+ qualified agents, bizmoGo riders and registered network members to seamlessly apply for micro-enterprise loans to grow their business. Our Company objective has always been to deliver an innovative technology solution to facilitate financial inclusion, micro-business enterprise and consumer convenience to the people of the Philippines. We look forward to working with TurnKey Lender to assist us to execute our Company objective.”

Peppermint is awaiting final approval from the Philippines’ Securities Exchange Commission (SEC) for its financial lending license which will be a significant milestone in the Company’s strategy to provide an alternative non-bank micro-enterprise lending platform made available via the bizmoto mobile App. Once approved, micro-enterprise loans will be made available to qualified bizmoto agents, bizmoGo riders and registered network members.

For its part, TurnKey Lender is “excited to help bizmoto’s user base scale their businesses by means of the smartest and most seamless lending experience available,” said TurnKey Lender CEO Dmitry Voronenko. “We know how important this service is for millions of unbanked and underbanked Filipinos and we are honored to help Peppermint Innovation fulfill a vital mandate.”

Previous Article

July 02, 2021

Codat secures $40 million in Series B led by Tiger Global

Read More
Next Article

July 02, 2021

coinpass launched its new crypto trading platform coinpass Trade

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

America

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 19, 2024

Dineo Crédito taps Mambu to bolster lending capabilities in Spain

Read More

June 19, 2024

Ant International unveils ‘bettr’, a global SME digital lending service

Read More

June 18, 2024

4 FinTech startups driving Financial Inclusion for Indian Enterprises

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023