Ecofinance Begins Operations in the Philippines

Ecofinance, a financial technology company, has entered the Southeast Asian market by launching its operations in the Philippines. As part of the expansion strategy, Honey Loan, a new consumer brand, has been introduced to provide accessible and transparent financial services to local consumers online.

Ecofinance is a part of the Dyninno Group that has been operational in the Philippines for over 10 years in travel and entertainment industries. Entry into this market is a strategic move that adds to the existing presence of the group and allows to contribute to the continuously growing fintech landscape in Asia. The know-how in advanced technologies, including process automation, will ensure a smooth application procedure and delivery of great user experience, while flexible offers will satisfy the needs of different client segments.

“We believe in the benefits Honey Loan will bring to the Philippines market that is dynamic and fast-growing with a significant demand for reliable and accessible financial services,” says Rucsandra Larisa Stanciu, Group Chief Executive Officer of Ecofinance. “Honey Loan leverages our customer focused technology and expertise in innovation to provide customers of the Philippines with convenient, secure, and fast access to the credit they need to achieve their financial goals.”

Honey Loan, licensed in the Philippines with SEC registration no. 2021030009095-02, offers financial products tailored to the specific needs of local consumers by leveraging user friendly technology and a streamlined application process for great customer experience. It provides loans from PHP 1,000 to PHP 10,000 for new customers and up to PHP 30,000 for returning ones with a lot of flexibility for repayment – up to 6 months. To qualify, the customer must be a citizen between the ages of 22 and 60, have a stable source of income and a valid Government issued ID.

“Honey Loan is committed to responsible lending practices and fostering financial inclusion in the Philippines,” explains General Manager of Honey Loan, Kirill Kalashnikov. “We are confident that our platform will provide Filipinos with financial tools needed to receive financing in a short amount of time. Our approach prioritizes people, which is why our call center with live agents ensures that customers receive the support they need at every step.”

In the future, Ecofinance plans to continue leveraging its expertise and technology to provide innovative financial solutions to an even wider audience, contributing to the financial well-being of different communities.