FinQuest Philippines (finquest.ph) has officially launched a new digital loan-matching platform designed to connect small and medium-sized enterprises (SMEs) with a network of banks and financial institutions. The goal is to accelerate access to business financing across the country.
Founded by Jose Carmelo Nograles, former president of the Philippine Deposit Insurance Corp. (PDIC), the platform operates as a secure, tech-driven marketplace—matching borrowers with lenders while simplifying the loan application process. Nograles emphasized the platform’s dual mission: “to empower SMEs with faster access to financing, while helping financial institutions reduce origination costs and administrative burden.”
Key features include:
- Single-application access to multiple lenders via one digital form;
- Automated workflows that reduce processing times and borrower effort;
- Real-time comparisons of loan terms and repayment options.
Financial institutions benefit from a pipeline of curated, vetted loan applicants and reduced onboarding costs. Notably, FinQuest operates solely as a matching platform, not as a lender, and is registered with the Securities and Exchange Commission (SEC). It complies with Bangko Sentral ng Pilipinas (BSP) data privacy guidelines, employing stringent cybersecurity protocols and anonymizing user data until final loan matching is completed.
Nograles underscored FinQuest’s commitment to trust and financial inclusion: “In a digital world where trust is paramount, I bring to this endeavor my lifelong commitment to financial stability, integrity, and inclusive growth.”
As fintech adoption rises in the Philippines, FinQuest aims to fill a critical gap by offering a transparent, secure, and efficient channel that fosters stronger connections between entrepreneurs and formal lenders.
