Plentina offers a mobile application that provides an alternative credit scoring system, enabling users to qualify for instant store credit to purchase essential goods. The platform facilitates repayments through electronic wallets or over-the-counter transactions, addressing the challenge of limited access to traditional credit for consumers in the Philippines.
Funding
$5.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CPFounders
Product
Problem
Many consumers in the Philippines lack access to traditional credit scoring systems, hindering their ability to obtain credit for essential goods and services. This limited access restricts their purchasing power and financial flexibility.
Solution
Plentina offers a mobile application that provides an alternative credit scoring system, enabling users to qualify for instant store credit. Users can utilize this credit to purchase essential goods and services from partner merchants, including 7-Eleven and Smart. The platform facilitates repayments through electronic wallets or over-the-counter transactions at 7-Eleven locations throughout the Philippines. By consistently making timely repayments, users can increase their credit limit over time, fostering financial growth and stability.
Target Audience
The primary target audience is consumers in the Philippines who lack access to traditional credit and seek a convenient way to obtain credit for essential goods and services.
Features
- Mobile application available on Android, iOS, and Huawei devices
- Alternative credit scoring system based on device permissions and repayment history
- Instant store credit for purchasing goods and services from partner merchants
- Repayment options via electronic wallets or over-the-counter at 7-Eleven
- Credit limit increases based on good repayment behavior
- Fast and easy approval process within minutes