Finacore, a finance company offering structured finance and leasing solutions, inks a partnership with CRIF in the Philippines, aiming to strengthen and accelerate the quality of credit review process.
Finacore is currently scaling its capital and funding resources with global investors, to address the market demand. Therefore it needs to standardize its credit review processes, to ensure an optimal portfolio credit quality, and facilitate access to global capital markets.
CRIF in the Philippines and Finacore are united by their commitment of leveraging data to make informed decisions and promote the practice of risk assessments for every business.
CRIF’s credit risk management expertise reinforces the assessment procedure of Finacore, as the company has always been in partnership with both local and international investors and creditors. This collaboration will help analyze the credit worthiness of Finacore’s business partners with the help of CRIF’s data coverage, business information, and scoring capabilities. CRIF’s consolidated experience in risk evaluation enables Finacore to develop and customize its various services as it designs and provides optimal asset-based financing to corporate customers.
Cyril Rocke, CEO of Finacore Technology Finance, said, “We at Finacore are excited to work with CRIF. Closely working with CRIF increases our credibility to engage with both local and international investors and will allow our company to rapidly scale ongoing and upcoming transactions.”
Cris Matunan, EVP – General Manager of CRIF in the Philippines, highlighted, “CRIF looks forward to a fruitful partnership with Finacore, enabling us to expand the reach of our potential to assess business and eventually, create data-driven business relationships.”