Oriente Has Raised US$20 million from an up to US$50 million Debt Funding Facility from Silverhorn
Wednesday, March 04, 2020
(Press Release) – Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset investment firm.
The facility, which can increase up to US$50 million, will be used to grow Oriente’s loan book and extend the reach of its fair, inclusive, and affordable digital-credit and Pay Later solutions to millions of undervalued and credit-starved consumers and micro-enterprises in the Philippines.
The deal marks a major milestone for Oriente as it is the largest debt financing with an institutional lender it has secured to date, which underlines the quality and bankability of its fast-growing loan book. For Silverhorn, this represents another high-potential investment in ASEAN and in the fintech sector. In addition, these funds will help diversify the funding mix of the company’s loan book.
