Fintech Sun Finance Launches Operations in the Philippines

Latvia-based fintech company, Sun Finance, continues its business expansion and starts operating in the Philippines. The online financing services of Sun Finance are now available in nine countries on three continents.

The company revealed that along with strengthening its positions in the existing markets, in 2023, the company will continue to expand geographically and to widen its product portfolio. The Philippines is the first step in this direction. The Philippines, with a population of 111 million, have become the second largest market of Sun Finance, with Mexico remaining first with a population of 128 million.

"Online payments and other online finance services are developing rapidly in the Philippines; therefore, this country is very attractive to different financial technology companies. We understand the specifics of the region and habits of consumers that will facilitate steady business development in the Philippines," said the founder & CEO of Sun Finance, Toms Jurjevs.

(Source: Finextra)