Foodpanda, the online food and grocery delivery platform, linked with Jia Financing Inc. (Jia) to provide a financial boost to its partner merchants.
The collaboration falls under foodpanda’s “Negosyo Like a Panda” program, offering business loans to help merchants stock up and meet growing customer demand.
“Both foodpanda and Jia worked on crafting the loan offering to make sure that the application process is easy, repayment is hassle-free, and more importantly, the interest rate is affordable and designed to really help the business owners,” said foodpanda Philippines’ director of finance Lhecks De Castro.
The partnership specifically targets Jia’s small business vendor network who require financial resources to scale their operations.
Jia highlights the partnership as a key step in supporting their partners’ financial needs. The aim is to equip them with the tools and guidance necessary for business expansion.
Jia country manager Mark Sy Quimsiam said the financing platform intends to empower foodpanda’s merchants to thrive by making access to finance easy, affordable, and impactful.
Both startups aim to serve a wider range of partner merchants and extend loan offerings to foodpanda’s logistics delivery partners.