Venio CEO Warren Platt was featured in a recent article published in Euromoney. There he talked about Venio's aim of extending short lines of credit to the unbanked and eventually bridging them to broader financial services further on. 

Mr. Platt also talked about how the Philippines was a prime market to launch the new smartphone-based nano credit lending business in considering how about 81% of Filipino consumers are unbanked yet the country still remains incredibly tech-savvy. The Philippines was previously known as the SMS capital of the world and currently has very high internet and smartphone penetration.

The full article may be read [here](https://www.euromoney.com/article/b1mpj3t7mq7zjl/venio-has-big-ambitions-for-nano-credits-to-the-unbanked).

CEO Warren Platt speaks with Euromoney about promoting financial inclusion

Newsroom

**EmergingMarkets.me** - "New York-based financial technology company Venio has developed a smartphone app for making nano loans, primarily for people in developing countries who do not use banks, and has launched the device in the Philippines.

The app is expected to promote financial inclusion by giving unbanked people access to financial services that are normally closed to those who are not bank clients but are more important now than ever before for ordinary people in the developing world because of Covid-19."

Read the full article [here](http://emergingmarkets.me/u-s-based-fintech-venio-launches-developing-world-focused-smartphone-app-to-make-nano-loans/).



U.S.-based fintech Venio launches developing world-focused smartphone app to make nano loans - EmergingMarkets.me

International Finance - "Venio has recently started offering easy-to-access credit facilities to unbanked consumers in the Philippines. The company aims to increase financial access to the unbanked population in emerging markets.

It is reported that Venio is the first nano credit service available on smartphones for emerging markets and in the Philippines. The Venio App saw 10,000 downloads within the first of operations. The initial roll out for the app came ahead of the company;s expansion plans into high growth emerging markets in Asia and Latin America."

The full article may be read [here](https://internationalfinance.com/venio-offers-credit-facilities-to-unbanked-adults-in-emerging-markets/).

Venio offers credit facilities to unbanked adults in emerging markets - International Finance

Finovate Blog - “The coronavirus pandemic has had devastating financial effects on low-income populations in Latin America... Now more than ever, tech-driven innovation can be at the forefront of helping small businesses stay afloat, families manage their income, and the region embark on what is bound to be a challenging recovery.”

The full article may be read [here](https://finovate.com/colombian-fintech-startups-dominate-accelerators-incoming-class/).

Venio, a mobile app that specializes in providing financing in emerging markets, goes live in the Philippines with eyes towards towards Colombia - Finovate Blog

Telecompaper - "Mobile application developer Venio has introduced credit facilities to unbanked consumers in the Philippines. Venio provides a mobile application offering ‘nano-credit’ facilities via smartphones to consumers in emerging markets. According to Venio, in the first week of operations the Venio App saw 10,000 downloads."

The full article may be read [here](https://www.telecompaper.com/news/venio-launches-credit-facilities-for-unbanked-smartphone-users-in-philippines--1348764).

Venio launches credit facilities for unbanked smartphone users in Philippines - Telecompaper

IBS Intelligence - "New York-based Venio, the mobile application providing ‘nano-credit’ facilities to consumers in emerging markets, has begun offering easy-to-access credit facilities to unbanked consumers in the Philippines. The company stated that within the first week of operations, the Venio App saw 10,000 downloads. The initial rollout for the fast-growing app comes ahead of wider regional expansion plans for high growth emerging markets in Asia and Latin America."

The full article may be read [here](https://ibsintelligence.com/ibs-journal/ibs-news/5-important-fintech-developments-in-july-2020-that-promote-financial-inclusion/).

5 important FinTech developments in July 2020 that promoted financial inclusion in the Philippines - IBS Intelligence

The Paypers - "Venio, a mobile app providing nano-credit facilities to consumers in emerging markets, has begun offering credit facilities to unbanked consumers in Philippines. 

Venio’s aim is to lift unbanked people into the financial system, help them to achieve financial discipline and a credit footprint in order to open up their access to financial services.

According to the latest report from the World Bank Group, 1.7 billion adults are unbanked globally, a figure approaching one fourth of the global population, with most of these cases coming from emerging markets."

The full article may be read [here](https://thepaypers.com/online-mobile-banking/venio-launches-nano-credit-mobile-app-in-philippines--1243792).

Venio launches nano-credit mobile app in Philippines - The Paypers

Fintech Direct - "It’s coming! In fact, it’s here. Fintech firm Venio has launched its mobile app providing 'nano-credit' facilities in its maiden market of the Philippines.

Venio (Latin for ‘coming’) is aiming for action in emerging markets and the unbanked sector.

Warren Platt, Founder and CEO at Venio, says the app has been designed to 'encourage responsible lending and borrowing and will allow customers to build their own credit history opening a gateway of financial services.'"

The full article may be read [here](https://www.fintechdirect.net/2020/07/28/venio-unveils-nano-credit-lending-app-for-big-dreams/).



Venio Unveils Nano Credit Lending App For Big Dreams - Fintech Direct

Fintech Finance - "Venio, the mobile application providing 'nano-credit' facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines."

The full article may be read [here](https://www.fintechf.com/01-news/venio-launches-nano-credit-lending-app-to-boost-financial-inclusion-in-emerging-markets/.)

Venio launches nano credit lending app to boost financial inclusion in emerging markets - Fintech Finance

"Venio, the mobile application providing "nano-credit" facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines."

The full article may be read [here](https://financialit.net/news/lending/venio-launches-nano-credit-lending-app-boost-financial-inclusion-emerging-markets).

Venio Launches Nano Credit Lending App to Boost Financial Inclusion in Emerging Markets - Financial IT

"Venio, the mobile application providing “nano-credit” facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines."

The full article may be read [here](https://africaneyereport.com/venio-unveils-credit-lending-app-to-boost-financial-inclusion-in-emerging-markets/?utm_source=rss&utm_medium=rss&utm_campaign=venio-unveils-credit-lending-app-to-boost-financial-inclusion-in-emerging-markets).

Venio Unveils Credit Lending App to Boost Financial Inclusion in Emerging Markets - African Eye Report

"Venio, the mobile application providing “nano-credit” facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines.

Venio’s aim is to lift a generation of unbanked people into the financial system, help them to achieve financial discipline and a credit footprint in order to open up fair and equal access to useful financial services that wouldn’t otherwise be available to them. The need for these services has become more acute as COVID-19 has caused unprecedented impacts, increasing hardships and difficulties in accessing basic necessities."

The full article may be read [here](http://www.ccrmagazine.com/venio-launches-nano-credit-lending-app/).

Venio launches nano credit lending app - CCRMagazine.com

"New York-based Venio, the mobile application providing ‘nano-credit’ facilities to consumers in emerging markets, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market – the Philippines. The company stated that within the first week of operations, the Venio App saw 10,000 downloads. The initial rollout for the fast-growing app comes ahead of wider regional expansion plans for high growth emerging markets in Asia and Latin America."

The full article may be read [here](https://ibsintelligence.com/ibs-journal/ibs-news/venio-launches-nano-credit-lending-app-in-the-philippines/).

Venio launches ‘nano credit’ lending app in the Philippines - IBS Intelligence

"‘Nano-credit’ mobile application company Venio has begun offering credit facilities for the unbanked consumers in the Philippines. 

According to the press release, Venio’s aim is to lift a generation of unbanked people into the financial system, help them to achieve financial discipline and a credit footprint in order to open up fair and equal access to useful financial services that wouldn’t otherwise be available to them."

The full article may be read [here](https://thepaypers.com/mobile-payments/venio-launches-nano-credit-lending-app-to-boost-financial-inclusion-in-emerging-markets--1243781).

Venio launches 'nano-credit' lending app to boost financial inclusion in emerging markets - The Paypers

- Venio empowers unbanked consumers through responsible lending and access to vital services
- COVID-19 has caused increased hardship and difficulty in accessing basic necessities
- 1.7 billion adults are unbanked globally

**New York, July 28th 2020:** Venio, the mobile application providing "nano-credit" facilities to consumers in emerging markets accessed via a smartphone, has begun offering easy-to-access credit facilities to unbanked consumers in its maiden emerging market, the Philippines. 

Venio’s aim is to lift a generation of unbanked people into the financial system, help them to achieve financial discipline and a credit footprint in order to open up fair and equal access to useful financial services that wouldn’t otherwise be available to them. The need for these services has become more acute as COVID-19 has caused unprecedented impacts, increasing hardships and difficulties in accessing basic necessities.

Venio is the first “nano credit” service available on smartphones for emerging markets and in the Philippines market the service is taking the lead in meeting the strong demand for credit products and services among communities who have historically been underserved by traditional financial services. Within the first week of operations the Venio App saw 10,000 downloads. The initial rollout for the fast-growing app comes ahead of wider regional expansion plans for high growth emerging markets in Asia and Latin America.

According to the latest report from the World Bank Group, as many as 1.7bn adults are unbanked globally, a figure approaching one fourth of the global population, the majority of these cases are in emerging markets. In the Philippines alone 54m adults are unbanked which is over 81% of consumers in the country. The unbanked do not have access to essential financial products and services such as bank accounts to meet their needs. Moreover, they are unable to participate in the cashless economy and have no access to credit or financial support.

Venio represents a viable solution to address this global challenge. Receiving approval for Venio’s product does not require collateral and offers Venio users immediate access to small or “nano” loans starting at US$1 – US$5.00. In the Philippines one dollar can cover the cost of two kilos of rice, basic medicine and transportation to and from work for a week.

Venio’s easily accessible financing and redemption is available via an extensive network of local and national retailers and service providers operating across retail, grocery, healthcare, transportation, leisure, and entertainment. The Venio network includes several global and multiple local brands as well as thousands of the Philippines’ Sari-Sari convenience stores that have partnered with Venio to offer credit facilities to customers.

The app reimagines financial services for the unbanked and those outside of the traditional financial system by providing them with a credit history and a pathway to financial inclusion and support services such as credit. In this way Venio creates a positive social impact making a real difference in people’s everyday lives.

Nano Credit can help users meet needs for emergency cash flow shortages, food, transportation, communication and home expenses.

The App’s underlying proprietary technology provides ease of use and efficiency in loan processing for consumers and merchants alike. The backend technology is sophisticated, scalable and proprietary.

**Warren Platt, Founder & CEO at Venio commented:** “Venio aims to revolutionize personal finance in emerging markets through a community grassroots approach facilitated by leading tech. The global payments industry is advancing at a fast pace, however, access to loans and other services has not been universal despite the strong demand. Venio is addressing this problem head-on and is bringing financial services to the unbanked in emerging markets where small loans are essential products for driving financial inclusion, which is critical for the vibrant growing economy of the Philippines and wider global markets. The Venio App has been designed to encourage responsible lending and borrowing and will allow customers to build their own credit history opening a gateway of financial services. In the post-Covid era financial inclusion must be ensured for the economic development of communities impacted by the pandemic.”

**Diego Jose Ramos, Founding Director of the Philippine Association for Digital Commerce and Decentralized Industries and a Board Trustee of the Fintech Philippines Association said:** “The health crisis is likely to exacerbate inequality as those already financially excluded have been disproportionately impacted. Fintechs such as Venio have a clear role to play in delivering financial inclusion and empowering more people economically, the journey begins with access to services and the start of a credit history, which in turn can open limitless possibilities for growth not just for individuals with access to financial services but the economies they participate in.”

**About Venio**
Venio is a global company specialising in “nano credit” solutions and mobile payments. Established in 2018 in the USA, Venio is headquartered in New York and has further operations in the UK, Philippines, Singapore, India, and Colombia. Venio uses everyday smartphone technology and a mobile application to reach consumers and offers them access to needed credit facilities from that same device, delivering quick access to credit and providing ease of use for redemption and repayment. Venio empowers the growing consumer base in emerging markets with access to responsible credit so that users can access the services they need, when they need them.

**For more information please go to:**
[https://venio.com/corporate](https://venio.com/corporate)

Media Enquiries
**Helen Humphrey**
T: +442034342321
M: +447449226720
helen@tancredigroup.com

**Salamander Davoudi**
T: +442034342334
M: +447957549906
salamander@tancredigroup.com

Venio Successfully Launches Nano Credit Lending App to Boost Financial Inclusion in Emerging Markets

Venio is pleased to announce the initial launch date of July 1, 2020 for the introduction of services in the Philippines. Targeting Metro Manila as the first phase Venio will deliver a full set of lending and financial services including key retail brand and local store redemption as well as major repayment center partner outlets to the Manila consumer base. Timing of the launch is seen as key based upon current market conditions and consumer needs. Additional regional and national rollouts are scheduled to follow.

Venio Announces Philippine Launch Date - July 1, 2020

Venio launches both Consumer and Merchant applications in Google Play in support of the upcoming Venio Service launch. Providing ease of use, efficiency in loan processing, merchant fulfilment and payment, both applications use state-of-the-art design and functionality leveraging a sophisticated technological backend. Venio's iOS version applications will follow and be available very soon.

Venio Consumer & Merchant Application Google Play Launch - mid-June, 2020

Venio establishes and enhances its financial services repayment infrastructure through its partnerships and agreements with Bayad Center and ECP in the Philippines. Both partnerships deliver access to thousands of physical locations throughout Manila and across the Philippines. These include 7-11 locations, presence in the 7-11 CLIQQ Application, Bayad Center outlets, MLhuillier, Tambunting, LBC, Villarica, R&D and many others including digital wallets, malls and supermarkets.

Venio Expands Billing Capabilities - Bayad Center, ECP, 7-11 CLIQQ App – March, 2020

Venio in partnership with Visa provides a life changing financial tool for our Venio users and Venio Retail Merchant partners with the Venio Visa Card powered by PayMaya. Venio creates the opportunity for users and merchants to access a tool that may have previously been out of reach to them and open up access to a world of goods and services providing growth and a level of financial empowerment.

Venio Visa Card – October, 2019

Venio's major brand and retail partner portfolio acquisition expands significantly through its partnerships with 7-11 for convenience store access, PLDT for Airtime and Data Load distribution for Smart, Sun, TNT networks, PayMaya for digital wallet payments and Grab for transportation. Venio continues to build market presence by partnering with major brands. Venio's portfolio of partners and service providers is constantly expanding.

Venio Signs 7-11, PLDT, PayMaya, Grab for Major Brand Buildout – Q2, 2019

Venio establishes operations and builds out the Venio executive team in Manila to work on establishing and growing the Venio business in the Philippines and in support of wider regional expansion plans. Commercial, Technical and Operational team members are fully engaged in building the Venio business model and working on forming partnerships in the retail, payments and distribution channel sectors as well as designing and building the Venio technology required to deliver its suite of products

Newsroom

Featured News

CEO Warren Platt speaks with Euromoney about promoting financial inclusion

Recent News

Venio offers credit facilities to unbanked adults in emerging markets - International Finance

Venio, a mobile app that specializes in providing financing in emerging markets, goes live in the Philippines with eyes towards towards Colombia - Finovate Blog

Venio launches credit facilities for unbanked smartphone users in Philippines - Telecompaper

5 important FinTech developments in July 2020 that promoted financial inclusion in the Philippines - IBS Intelligence

Venio launches nano-credit mobile app in Philippines - The Paypers

Venio Platform

Venio Visa Card Consumer

Get the app