Case Study: Express Pay Finance.
Express Pay Finance (PH) is using Lendsum’s end-to-end solution to offer bill financing to over 1 million of their existing clients. While current banking solutions accept only 2-3% of applicants and take days to process a loan, Express Pay Finance is disrupting the market by rating clients based on their previous remittance and bill payment transactionality. Now bill payment financing is approved in seconds, not days. As the business grows Express Pay Finance is finding correlations in secondary data sources allowing them to move into new markets such as the vast unbanked population.
A nationwide leader in The Philippines’ bill payment and remittance industry launches Bill Pay Financing. Built on data, built for speed.