Launched in May 2018 and designed around the principles
of inclusion, responsibility, and transparency, the fintech firm is committed
to improving the lives of Filipinos by empowering them with the tools and
knowledge to nurture their financial well-being. “We are building a new
equitable financial services infrastructure that unlocks economic opportunity
for millions of unbanked and underserved Filipino consumers and businesses,”
explains Angluben.
Building Financial Identities
With over 77% of Filipinos remaining unbanked and over
90% of adults with no access to a credit bureau, Cashalo saw an unprecedented
opportunity to build solutions to help accelerate financial inclusion. The
company uses alternative data to help more Filipinos build financial identities
using their mobile devices and contribute to the local economy.
