HC Consumer Finance Philippines, Inc.
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HC Consumer Finance Philippines, Inc. - overview
Established
2013
Location
Quezon City, -, Philippines
Primary Industry
Financial Services
About
Based in the Philippines, and founded in 2013, HC Consumer Finance Philippines, Inc. operates as a lending platform that offers loan solutions. In December 2022, the Bank of Ayudhya and MUFG Bank agreed to acquire HC Consumer Finance Philippines, Inc. from Home Credit Group for EUR 406 million.
The transaction is expected to be completed in the first half of 2023. Bank of Ayudhya and MUFG Bank will own a 75% majority stake and a 25% minority stake in the company, respectively. As of 2022, the company has more than 12,400 employees. Home Credit Philippines offers the My Home Credit App, which is a mobile application that enables users to get instant loans within one minute.
The company’s product line includes a home credit loan, which is a lending platform that allows users to purchase any products and return the money through monthly installments, and a home credit cash loan that enables users to get loans for starting a business.
Current Investors
MUFG Bank, Bank of Ayudhya
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Accounting/Finance Software
Website
www.homecredit.ph
Verticals
FinTech, FinTech, Mobile Apps
Total Amount Raised
Subscriber access only
HC Consumer Finance Philippines, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Completed | HC Consumer Finance Philippines, Inc. | - | ||||||||
| LP Direct | Completed | HC Consumer Finance Philippines, Inc. | - |
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