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March 05, 2024

GoTyme Bank and PayMongo join forces to revolutionize SME financing with up to P500,000 accessible business loans

GoTyme Bank and PayMongo Philippines Inc. have entered a partnership aimed at enhancing financial inclusion for small and medium enterprises (SMEs).

Through this collaboration, business loans of up to P500,000 become more accessible within PayMongo’s merchant ecosystem.

GoTyme Bank’s CEO, Nate Clarke, emphasized the expansion of banking products and the pursuit of meaningful relationships to foster financial inclusion.

PayMongo Capital, powered by GoTyme Bank, introduces a fully digital financial program, streamlining the loan application process and ensuring swift disbursement for eligible PayMongo merchants.

This strategic alliance signifies both companies’ commitment to innovation, efficiency, and supporting SME growth.