ASX listed fintech group Peppermint Innovation (ASX:PIL) has signed on several key partnerships since the 1st quarter of 2021.
The Caason Group, a top ten shareholder of Australian Fintech group; Peppermint Innovation Ltd has been a long term believer and supporter of the company.
A recent agreement with Turnkey Lender; an award winning leader in the global e-lending space that provides the only SaaS platform which automates the stages of the loan life cycle in real time, has been the latest addition to provide thrust to PIL’s fintech journey and continued success in the Philippines. “We are excited by the continued product and partner developments that have allowed PIL to provide the necessary tools for its users to be equipped and ready for a post pandemic economic resurgence”, said Caason Group’s Managing Director; Craig Astill.
Since the re-listing of the company on the ASX, PIL has been focused on shoring up its Bizmoto product suite with other strategic alliances such as ECPay, Cebuana Lhuillier and the Bank of the Philippine Islands (BPI). We are confident that each of these secured relationships which own extensive networks that PIL can tap into, would provide extra momentum for PIL’s expansion in the region. “The ECPay relationship gives PIL branded access to over 2,600 7-Eleven stores and Cebuana places Bizmoto in front of customers frequenting their 2,500 stores across the Philippines. These are partnerships which have been sealed in addition to PIL gaining access to over 8.8 million clients serviced by the oldest Philippine bank (BPI) in a deal signed off earlier this year. We are resolute in our unwavering support of the company which we believe will provide rich benefit in return for our patience and belief in the PIL model”.
This belief has now been further endorsed with the company being granted its Finance Licence by the Securities Exchange Commission of the Philippines on the 29th of July, 2021 allowing it to offer alternate non-bank micro-enterprise loans branded as bizmoPay.
