Cashalo, a digital financial services provider in the Philippines, has secured a loan facility of up to $75 million from global investment firm Community Investment Management (CIM) to support its lending operations and reach more underserved Filipinos.
“This partnership will enable us to accelerate our mission to expand financial inclusion and social mobility throughout the Philippines,” said Luke Stidham, president of Cashalo. “With CIM’s backing, we have an incredible opportunity to uplift even more Filipino communities by scaling our impact and ensuring more Filipinos are included in the financial system.”
The deal comes as Cashalo marks its first year under Empower Finance, a US-based fintech focused on expanding access to fair credit. Since joining Empower, Cashalo has grown its digital lending services, improved customer experience, and granted nearly 5 million loans to Filipinos.
“We’re proud to support Cashalo’s mission in the Philippines,” said Bernhard Eikenberg, a partner at CIM for its emerging markets strategy. “Their data-driven approach, commitment to transparency, and inclusive strategy reflect the future of responsible digital lending.”
To mark this milestone, Cashalo also unveiled a new brand identity. The updated logo features bold blue typography to reflect trust and stability, while golden-yellow sun rays represent optimism and resilience, qualities the company associates with the Filipino community.
“We look forward to continuing our investments in the Philippines to drive financial inclusion,” said Warren Hogarth, co-founder and CEO of Empower Finance. “Cashalo is uniquely positioned to lead the way in delivering scalable, data-driven credit solutions that truly make a difference in people’s lives.”
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