Philippines – SB Finance Inc., a Security Bank affiliate, has teamed up with delivery app Lalamove Automotive to empower Lalamove drivers with financial solutions.
As part of the partnership, SB Finance is extending its OR/CR for Cash loan offering to Lalamove’s network of drivers. This allows the delivery platform’s partner drivers to make necessary upgrades to their vehicles, manage expenses, and unlock ways to increase income.
Lalamove drivers can access an exclusive channel for financing and get a maximum of Php 2 million loan. With the goal of promoting economic stability to drivers, the initiative streamlines how they can be supported financially.
Through the partnership, usual delays in securing loans will be avoided, allowing the drivers to focus on their work.
The initiative reflects both companies’ vision of uplifting Filipino drivers’ lives, coming at a time when the delivery industry in the Philippines is continuing its growth.
“Our mission at SB Finance is to support hardworking Filipinos in building better lives. Delivery drivers are an essential part of our economy, and this partnership with Lalamove Automotive allows us to provide the financial tools they need to succeed. By making financing simple, accessible, and reliable, we’re helping drivers unlock new possibilities for growth and stability,” Abbie Dans-Casanova, SB Finance president and chief executive officer, said.
Djon Nacario, Lalamove Philippines managing director, commented, “At Lalamove, we always look for ways to support our dedicated partner drivers, who are the backbone of our platform, ensuring every delivery is a success. Partnering with SB Finance gives them access to financial solutions that can help enhance their livelihood, and provide long-term stability. This is more than a partnership—it’s a commitment to the partner driver community’s growth and future.”
