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AND Financing Corporation , doing business under the name and style of “etomo”, a consumer finance company in the Philippines, today announced the capital alliance with Marubeni Corporation, a major Japanese trading and investment business conglomerate; Premium Group Co., Ltd. , an integrated car service provider listed in Japan; and AND Global Pte. Ltd. , a fintech – financial technology – startup in Singapore.
AFC was established in 2018 as a subsidiary of AND Global with its Online Lending Platform under the brand name “LendPinoy”. With the rapid expansion of domestic consumption driven by the middle-income class of financial consumers, AFC has differentiated itself by offering longer-term and multi-purpose personal loans to respond to the consumer’s various financial needs.
This alliance brings together Marubeni’s broad business experience and networks in the Philippines, Premium Group’s extensive experience and expertise with consumer finance business, and AND Global’ s advanced data analysis and fintech solutions.
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