Discovery Capital Finance Corp. and PETNET, Inc. announced their strategic partnership aimed at expanding financial access for Small and Medium Enterprises (SMEs) across the Philippines. SMEs account for over 99% of businesses in the country, highlighting the growing need for flexible financing solutions that can better support their expansion and long-term success.
Business owners across the country can avail loans and other financing options to support and expand their business. “Our alliance with PETNET, Inc. marks a pivotal moment in our mission to bring inclusive financing directly to Filipino entrepreneurs,” said Diosdado C. Salang Jr., President and CEO of Discovery Capital Finance Corp. “By combining PETNET’s massive physical network with our specialized business loan solutions, we are ensuring that no SME is left behind in the country.”
Ian T. Ocampo added that the partnership strengthens PETNET’s long-standing commitment to providing secure and reliable financial services focused on empowering every Filipino’s financial growth. “For over 27 years, PETNET has remained steadfast in its commitment to empowering Filipinos with their financial growth,” Ocampo said. “Our partnership with Discovery Capital opens more opportunities for Filipino businesses to access financing solutions that can help expand their businesses and contribute to economic development nationwide.”
This partnership is expected to empower more Filipino businesses by providing greater financial support and essential capital, helping stimulate regional economic activity and strengthen the continued growth of the country’s SME sector—the backbone of the Philippine economy.