Everyone knows the proverb ‘Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.’

Earlier today we announced that Cashalo, our fintech venture committed to accelerating financial inclusion in the Philippines, had officially launched its standalone mobile app to unlock financial access for millions of consumers and MSMEs.

Oriente and JG Summit Holdings, Inc., today announced an initial investment of US$ 200 million (PHP 10 Billion) over 3 years to build and expand the reach of a bespoke suite of mobile-first, lending products, and other smart financial services under Cashalo, to millions of underserved and underbanked people in the Philippines.