foodpanda, UBX’s SeekCap partner to support Odette-affected vendors
Leading online food delivery platform foodpanda announced a partnership with UBX, the Philippines’ leading Open Finance platform, through its lending solution SeekCap to provide loan assistance to thousands of foodpanda vendors in Visayas and Mindanao who were affected by Typhoon Odette.
Under the partnership, over 8,000 partner-vendors of foodpanda will be assisted in availing loans worth P50,000 to P1 million from SeekCap, which provides affordable and accessible credit to micro, small, and medium enterprises (MSMEs) through its online lending marketplace.
According to foodpanda managing director Daniel Marogy, the initiative is a continuation of foodpanda’s support for sectors affected by the December 2021 typhoon, with foodpanda having already donated over P6 million in aid to affected communities, foodpanda employees and riders shortly after Odette devastated many areas in Visayas and Mindanao.
“While Odette is long gone, the damage it caused continues to be seen and felt in many towns and cities in the country. And while we’ve seen many encouraging signs of recovery, there are still plenty of small businesses that have been hit hard and continue to struggle,” Marogy said. “We’re committed to help our affected partners in their rebuilding journey and provide the support they need to help them get back on their feet.”
Marogy noted that Typhoon relief is one of the company’s focus areas for this year, adding that “we know that rebuilding is a long, continuous process and not just a single step, and we are here for our partners for as long as they need our help.”
For its part, UBX reiterated its commitment to drive financial inclusion and help MSMEs to thrive despite the pandemic and disasters such as Typhoon Odette.
“With over 99 percent of businesses in the country considered as MSMEs, we recognize the importance of this sector to our country, and we know the challenges they face not only in getting loans, but also in being able to rebound from natural disasters,” UBX said.
“We are one with foodpanda in providing these valuable lifelines to their partners, and one with the country in helping as many of our kababayans to succeed in their businesses,” UBX added.
About foodpanda:
foodpanda is dedicated to bringing food lovers their favorite meals from curated local restaurants in the Philippines. Since its creation, the on-demand food delivery service has grown to more than 170,000 partner restaurants in more than 325 cities across 13 Asian and Central Europe markets. foodpanda Philippines currently operates in 150 cities and municipalities across the Philippines and continuously expanding. foodpanda is a subsidiary under Delivery Hero, a worldwide leader of the food delivery industry. For more information, visit www.foodpanda.ph.
How it works:
Through the foodpanda website or via the new iOS and Android apps, customers can enter their address and view a curated list of restaurants and shops serving their neighborhood. Once they have found their choice, they can place an order in the comfort of their home or office, paying online through foodpanda’s secure platform or via cash-on-delivery The order is then carefully prepared by the restaurant or shop, picked up by the foodpanda rider and delivered straight to their doorstep.
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About SeekCap – SeekCap is developed by UBX, the Philippines’ leading Open Finance platform. SeekCap is the country’s first same-day, digital lending marketplace made for micro, small, medium sized enterprises (MSMEs). SeekCap’s mission is to provide Filipino entrepreneurs a transparent, efficient and an all-digital way of applying for loans, making the access to funds truly 24/7. SeekCap works closely with lenders, credit bureaus and fintechs making applications seamless and approvals instant. For more information, please visit www.seekcap.ph or contact agnescasal@ubx.ph.
