Partnership
Their partnership combines BDO’s financial resources with Discovery’s technology-driven lending platform, allowing the non-bank financing company to deploy capital faster through its nationwide network covering Luzon, Visayas and Mindanao.
Discovery said its automated lending system, which includes digital customer onboarding, credit assessment, and loan administration, allows it to provide faster financing while maintaining risk controls and asset quality.
Discovery Capital Finance president and chief executive officer Diosdado C. Salang Jr. said the partnership with the country’s largest bank will help the company widen its reach and serve more local businesses.
Expand Discovery’s market throughout the country
“Through this partnership with the country’s number one bank, we can further cater to and expand our market throughout the country. This credit line provides us with crucial funding capacity to deepen our footprint in key regional growth areas and directly address the capital needs of local businesses,” Salang said.
He added that Discovery plans to open more satellite offices nationwide and expand its product offerings, including real estate loan solutions. The company targets opening an additional 10 offices by 2027.
More support to SMEs
The financing deal is expected to provide more support to small and medium enterprises, which account for more than 99 percent of businesses in the country and remain a key driver of employment and local economic activity.
By combining BDO’s funding capacity and Discovery’s digital lending capabilities, the companies aim to strengthen financing access for entrepreneurs and help accelerate business growth outside major urban centers.
