Netbank partners with Jia Financing to offer SME loans

Jia will assign their invoice financing loans to Netbank.

Netbank has entered into a “loan channelling” partnership with fintech innovator Jia Financing.

To implement the loan channeling, Jia assigns their invoice financing loans to Netbank using a streamlined batch file upload process. Netbank will also enhance Jia’s Know Your Customer (KYC) processes through Kaiser Check sanctions screening services.

Jia will scale its invoice financial solutions using the Philippine bank’s banking infrastructure, with the goal of bringing more loans to small and medium enterprises (SMEs).

Jia provides SMEs with access to capital locked in their receivables, using blockchain technology to tokenized receivables.