Plentina Lending, Inc.

Plentina Lending, Inc. is a financial technology company providing instant credit access through a mobile application, facilitating consumer purchases in the Philippines with quick loan approvals and repayment options. Founded in 2019 in Manila, Philippines, Plentina Lending, Inc. specializes in offering consumers access to credit for purchasing goods and services.

The company raised USD 2. 20 mn in a SEED funding round on November 15, 2021, led by TMV and participated by AV Ventures, Global Founders Capital, Techstars, and Unpopular Ventures. CEO Kevin Gabayan, along with co-founder Earl Valencia, has been pivotal in driving the company's growth. Plentina’s core offering is a mobile application enabling users to gain instant access to credit for various purchases from partner merchants such as 7-Eleven and Smart.

Users can qualify for loans within five minutes and repay through electronic wallets or over-the-counter payments, with the opportunity to increase credit limits through timely repayments, thus enhancing their purchasing capabilities. In 2023, Plentina reported a revenue of USD 242,644. 1, with an EBITDA of USD 1,225,088. 8.

The company generates revenue through a transactional model, wherein customers repay loans used for purchases, engaging with the app to manage their credit limits and making payments. Following its latest funding round in November 2021, Plentina Lending, Inc. plans to accelerate its growth in the Philippines, expand its product offerings, and explore market entries into countries such as Vietnam. The funding will assist in achieving these objectives, positioning the company for future expansion and innovation.