# Advance Tech Lending

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/advance-tech-lending

- Industry: Financial Services
- Headquarters: Makati City, Philippines
- Website: www.advance.ph
- Total disclosed funding: $6.8M
- Latest round: Seed (Dec 19, 2022)
- Investors on record: 11

## About

Advance Tech Lending Inc., based in the Philippines, provides innovative financial solutions aimed at overcoming cash flow challenges for businesses, enhancing their operational capacity through accessible funding options.Advance Tech Lending Inc. is a financial services company that focuses on lending solutions for businesses. Founded in 2018 in Makati City, Philippines, it has successfully completed three deals. Its most recent funding round was a VENTURE DEBT round in March 2023, raising USD 10.32 mn from investor Lendable. The company has raised a total of USD 5.68 mn to date. The CEO of the company is Jaime de los Angeles, who is also one of the founders alongside Addi Guevara.Advance Tech Lending Inc. specializes in innovative financial solutions designed to address cash flow disruptions for businesses in the Philippines. Their primary offerings include a working capital credit line and collateral-free disbursement solutions, tailored for Small and Medium Enterprises (SMEs) and large enterprises. The company also provides payroll disbursement solutions to ensure timely employee payments and salary advances, assisting over half a million employees across various sectors. These solutions are specifically developed to satisfy the financial needs of the Southeast Asian market.In the most recent fiscal year of 2023, Advance Tech Lending Inc. reported a revenue of USD 2,400,023.80, with an EBITDA of USD -636,757.10. The company generates revenue primarily through service fees associated with its financial solutions, ensuring efficient transactions for its clients.Following its most recent deal in March 2023, where Advance Tech Lending Inc. raised USD 10 mn in VENTURE DEBT funding, the company plans to utilize this capital to expand its business operations, particularly in Vietnam. They aim to promote their credit products and support their loan portfolio to enhance market penetration. Specific details on upcoming product launches have not been disclosed, but the focus remains on solidifying their presence in the Southeast Asian financial landscape.

## Funding rounds

- Seed, Dec 19, 2022, $5.7M — Accion, Wavemaker Partners, Lendable, Integra Partners, Oyster Ventures, Foxmont Capital Partners, Next Billion Capital Partners, Phoenix Holdings, Do Ventures, Kaya Founders, Cross Ocean Ventures
- Seed, May 12, 2020, $1.1M — Accion, Wavemaker Partners, Integra Partners, Next Billion Capital Partners

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Integra Partners (https://capitalatlas.ai/funds/integra-partners) — Seed
- Next Billion Capital Partners (https://capitalatlas.ai/funds/next-billion-capital-partners) — Seed
- Lendable — Seed
- Oyster Ventures — Seed
- Foxmont Capital Partners (https://capitalatlas.ai/funds/foxmont-capital-partners) — Seed
- Phoenix Holdings (https://capitalatlas.ai/funds/phoenix-holdings) — Seed
- Do Ventures (https://capitalatlas.ai/funds/do-ventures) — Seed
- Kaya Founders (https://capitalatlas.ai/funds/kaya-founders) — Seed
- Cross Ocean Ventures (https://capitalatlas.ai/funds/cross-ocean-ventures) — Seed