UnaCash Supply Chain Financing expects a rapid increase in use of supply chain finance (SCF) among Philippine micro, small, and medium enterprises (MSMEs), forecasting that this set of solutions will cover about 15 percent of the cost of the entire volume of goods and services produced by the sector by 2024.
“Supply chain financing is steadily growing its presence in the country as short-term loans have proven to be effective to support small and medium scale businesses, and we are dedicated to cover operational expenses while making it as accessible as possible to business owners. UnaCash SCF is committed in enhancing the reach of its services and allocating proper channels to make disbursement more efficient for future partners,” said UnaCash head of product Joana Saplan-Mateo.
UnaCash, an app with a bespoke array of financing solutions for the underbanked, recognizes the potential of the MSME sector in the Philippines. The app provides a revolving credit line and bridge financing facility in addressing the gap between suppliers and the market’s demands.
As an emerging national solution in the supply chain finance market, UnaCash has 29 percent presence in retail, 12.95 percent in construction, and 8.93 percent in import-export trading industry. This secured collective growth in terms of successfully supporting the business continuity of MSMEs.
UnaCash also sees great potential in introducing supply chain financing in growing industries such as health and medical, manufacturing, IT solutions, e-commerce, and agriculture.