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

**BusinessWorld -** "Venio provides unbanked consumers with nano-credit assistance by making credit facilities accessible through a smartphone app. Users enter their details in the app to apply for a loan and then wait for the app’s decision. 

Approved nano-sized loans—typically between US$1 and US$5 or the market currency equivalent—can be used 'same as cash' within the Venio Marketplace to purchase goods and services such as food, communication, transportation, and medicine from partner merchants."

The full article may be read [here](https://www.bworldonline.com/venio-provides-nano-credit-assistance-to-the-unbanked/).

Venio provides nano-credit assistance to the unbanked - BusinessWorld

**MSN Money -** "Venio provides unbanked consumers with nano-credit assistance by making credit facilities accessible through a smartphone app. Users enter their details in the app to apply for a loan and then wait for the app’s decision. 

Approved nano-sized loans—typically between US$1 and US$5 or the market currency equivalent—can be used “same as cash” within the Venio Marketplace to purchase goods and services such as food, communication, transportation, and medicine from partner merchants."

The full article may be read [here](https://www.msn.com/en-ph/money/business/venio-provides-nano-credit-assistance-to-the-unbanked/ar-BB1aVJZF)

Venio provides nano-credit assistance to the unbanked - MSN Money

**MartinTFWong.com -** "Venio provides unbanked consumers with nano-credit assistance by making credit facilities accessible through a smartphone app. Users enter their details in the app to apply for a loan and then wait for the app’s decision.

Approved nano-sized loans—typically between US$1 and US$5 or the market currency equivalent—can be used 'same as cash' within the Venio Marketplace to purchase goods and services such as food, communication, transportation, and medicine from partner merchants."

The full article may be read [here](https://martintfwong.com/venio-provides-nano-credit-assistance-to-the-unbanked/).

Venio provides nano-credit assistance to the unbanked - MartinTFWong.com

**Fintech Finance -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico. Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market.

Venio’s international rollout has been expedited on the back of an oversubscribed and successful debut in the Philippines. The Venio app has now been translated into Spanish and will be available to consumers across Mexico with a strong foothold in Mexico City, Guadalajara, and Monterrey."

The full article may be read [here](https://www.fintechf.com/01-news/venio-launches-operations-in-mexico-in-support-of-its-international-expansion/).

Venio launches operations in Mexico in support of its international expansion - Fintech Finance

**New York, October 13,  2020:** Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico. Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market.

Venio’s international rollout has been expedited on the back of an oversubscribed and successful debut in the Philippines. The Venio app has now been translated into Spanish and will be available to consumers across Mexico with a strong foothold in Mexico City, Guadalajara, and Monterrey.

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 Mexican market is well placed to benefit from Venio’s “nano credit” loan facilities due to underlying demographic trends and high mobile penetration alongside the unmet demand for fintech payments in the population, where rates of financial exclusion remain high. 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 Mexico a high proportion of the population is unbanked with 63% of its 126 million inhabitants without access to a bank account.

Venio offers its customers responsible loans without the need for upfront collateral, this will revolutionize Mexico’s existing credit culture and improve people’s ability to access financial support with ease. At launch, loans with a value of US$1.20 - US$7.00 (MXP25.00 - MXP150.00) will be available to Venio customers. In Mexico 25.00 Pesos can cover the cost of a meal, basic medicine or transportation to and from work.

Venio’s highly scalable app is easily transferable to the Mexican market as the country’s retail landscape is highly developed and therefore similar to what can be found in the Philippines, where Venio proved its model following a launch earlier this year. Venio will leverage Mexico’s extensive network of local Changarro stores that are akin to the Philippines’ ‘mom-and-pop’ Sari-Sari convenience stores, again placing accessible local community retail at the core of Venio’s redemption network model.  

Strategic partnerships for billing and fulfillment have been developed to enable Venio to accept payments and to cement the Company in the Mexican retail marketplace with national retail partners bolstering Venio’s presence. The app’s credit facilities will be redeemable with partners across retail, transportation, and healthcare. 

Venio’s local team which is already operational is highly experienced, featuring senior leadership from Venio’s core management team alongside local expertise. Due to Venio’s strong emerging market focus the Company’s strategy is to deepen relationships across Latin America. The company is poised to establish itself as a leading provider of nano credit across multiple emerging markets tackling endemic financial exclusion.

In the post-COVID era financial inclusion must be ensured for the economic development of communities impacted by the pandemic. In its wake there has been an increased demand for both credit facilities and for digital financial solutions that allow for services to be accessed remotely and for contactless transactions. Credit can help users meet needs for emergency cash flow shortages, food, transportation, communication and home expenses. 

**Warren Platt, Founder & CEO at Venio commented:** “Mexico is a dynamic market  where we have established key contacts and excellent partnerships and we now look forward to capitalizing on this to build Venio’s growth and achieve our targets for the Mexican market . Venio’s arrival in Mexico will have an immediate impact on the country’s underbanked where there is growing demand among customers for new products that meet their needs. Venio wants to change how people access financial services by making access to responsible loans easier and fairer, this will offer a whole segment of the population the chance to build a credit profile and take the first step on the journey to financial inclusion. Access to financial products and services opens economic opportunities for individuals and entire communities.”


**About Venio**
Venio is a global company specializing 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, Colombia and Mexico. 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](mailto:helen@tancredigroup.com)

**Salamander Davoudi**  
T: +442034342334  
M: +447957549906   
[salamander@tancredigroup.com](mailto:salamander@tancredigroup.com)


Venio launches operations in Mexico in support of its international expansion

**Finextra -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico.

Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market."

The full article may be read [here](https://www.finextra.com/pressarticle/84486/venio-goes-to-mexico).

Venio goes to Mexico - Finextra

**CCRMagazine.com -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico. Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market.

Venio’s international rollout has been expedited on the back of an oversubscribed and successful debut in the Philippines. The Venio app has now been translated into Spanish and will be available to consumers across Mexico with a strong foothold in Mexico City, Guadalajara, and Monterrey."

The full article may be read [here](http://www.ccrmagazine.com/venio-launches-operations-in-mexico-in-support-of-its/).

Venio launches operations in Mexico in support of its international expansion - CCRMagazine.com

**Financial IT -** "Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico. Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market.

Venio’s international rollout has been expedited on the back of an oversubscribed and successful debut in the Philippines. The Venio app has now been translated into Spanish and will be available to consumers across Mexico with a strong foothold in Mexico City, Guadalajara, and Monterrey."

The full article may be read [here](https://financialit.net/news/lending/venio-launches-operations-mexico).

Venio launches operations in Mexico - Financial IT

**Telecompaper -** "Mobile application developer Venio announced the launch of its "nano-credit" service for unbanked consumers in Mexico. Venio Aplicaciones de Mexico, the company’s Mexican business arm, has been set up to support Venio’s expansion across the emerging market following a successful debut in the Philippines. The Venio app has now been translated into Spanish and will be available to consumers across Mexico with a strong foothold in Mexico City, Guadalajara and Monterrey.

Venio said the Mexican market is well placed to benefit from its “nano credit” loan facilities due to underlying demographic trends and high mobile penetration alongside the unmet demand for fintech payments in the population, where rates of financial exclusion remain high. The company said a high proportion of the Mexican population remains unbanked, with 63 percent of its 126 million inhabitants currently without access to a bank account."

The full article may be read [here](https://www.telecompaper.com/news/venio-brings-nano-credit-mobile-service-to-mexico--1357554).

Venio brings 'nano-credit' mobile service to Mexico - Telecompaper

**African Eye Report -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico.

Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market."

The full article may be read [here](https://africaneyereport.com/venio-launches-operations-in-mexico-in-support-of-its-international-expansion/).

Venio launches operations in Mexico in support of its international expansion - African Eye Report

**The Money Cloud Blog -** "Mobile app Venio, that provides”nano-credit” facilities to unbanked consumers in emerging markets via smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now increasing its availability across the Philippines with new international markets planned. The app is expanding its reach via its network of retail partners with users able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila."

The full article may be read [here](https://blog.themoneycloud.com/digital-currencies/nano-credit-app-venio-expands-nationwide-in-thephilippines/).

Nano-Credit App Venio Expands Nationwide in the Philippines - The Money Cloud Blog

**Upgrade -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao.

Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighborhood store access across Manila."

The full article may be read [here](http://www.upgrademag.com/web/2020/10/07/venio-expands-in-phl/).

Venio expands in Philippines - Upgrade

**The Fintech Times -** "Mobile app Venio, that provides”nano-credit” facilities to unbanked consumers in emerging markets via smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now increasing its availability across the Philippines with new international markets planned. The app is expanding its reach via its network of retail partners with users able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila."

The full article may be read [here](https://thefintechtimes.com/nano-credit-app-venio-expands-nationwide-in-the-philippines/).

Nano-Credit App Venio Expands Nationwide in the Philippines - The Fintech Times

**Fintech Finance -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now ramping up its availability across the Philippines with new international markets planned. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila. This is in line with Venio’s strategy to pinpoint the most crucial regions of the Philippines."

The full article may be read [here](https://www.fintechf.com/01-news/venio-expands-offering-nationwide-across-the-philippines/).

Venio expands offering nationwide across the Philippines - Fintech Finance

**HT Digital Content Services -** "Mobile application developer Venio has expanded its services across the Philippines on the back of metro launches across Mega Manila, Cebu and Davao. Venio has also announced it has continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila. The Venio mobile application is designed to provide 'nano-credit' facilities to unbanked consumers in emerging markets via smartphones."

The full article may be read [here](https://www.htsyndication.com/pivotal-sources/article/venio-expands--nano-credit--facilities-for-mobile-users-across-the-philippines/45915354).

Venio expands 'nano-credit' facilities for mobile users across the Philippines - HT Digital Content Services

**Green Sheet -** "Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now ramping up its availability across the Philippines with new international markets planned. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila. This is in line with Venio’s strategy to pinpoint the most crucial regions of the Philippines."

The full article may be read [here](http://www.greensheet.com/newswire.php?newswire_id=52404).

Venio expands nationwide across Philippines - Green Sheet

**The Paypers -** "Venio, a mobile application providing ‘nano-credit’ facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines.

So far, the service was launched across Mega Manila, Cebu and Davao. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila."

The full article may be read [here](https://thepaypers.com/mobile-payments/venio-expands-mobile-payments-services-across-the-philippines--1244980).

Venio expands mobile payments services across the Philippines - The Paypers

**Emergingmarkets.me -** "A smartphone app for micro-borrowing developed by New York-headquartered company Venio primarily for unbanked individuals is now usable throughout the Philippines after an initial roll-out in its metropolitan areas in July.

The app provides access to loans starting from $1, Venio, which is a global financial technology company, said in a statement. The money can be picked up at retail shops."

The full article may be read [here](http://emergingmarkets.me/venio-says-its-micro-loan-app-now-usable-throughout-philippines/).

Venio says its micro-loan app now usable throughout Philippines - Emergingmarkets.me

**Telecompaper -** "Mobile application developer Venio has expanded its services across the Philippines on the back of metro launches across Mega Manila, Cebu and Davao. Venio has also announced it has continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila. The Venio mobile application is designed to provide ‘nano-credit’ facilities to unbanked consumers in emerging markets via smartphones. 

Following an initial roll out with over 30,000 downloads, Venio says it has expanded its core business model across its test markets and is now boosting its availability across the Philippines with new international markets planned. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila."

The full article may be read [here](https://www.telecompaper.com/news/venio-expands-nano-credit-facilities-for-mobile-users-across-the-philippines--1356558).

Venio expands 'nano-credit' facilities for mobile users across the Philippines - Telecompaper

**Fintech News Philipppines -** "Venio, “nano-credit” lending app, has expanded its services nationwide across the Philippines on the back of metro launches across Mega Manila, Cebu and Davao.

Venio has also continued its local convenience store and merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access."

The full article may be read [here](https://fintechnews.ph/43727/lending/lending-app-venio-extends-its-reach-nationwide-across-the-philippines/).

Lending App Venio Extends Its Reach Nationwide Across the Philippines - Fintech News Philippines

**CCRMagazine.com -** "Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now ramping up its availability across the Philippines with new international markets planned. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila. This is in line with Venio’s strategy to pinpoint the most crucial regions of the Philippines."

The full article may be read [here](http://www.ccrmagazine.com/venio-expands-offering-nationwide-across-the-philippines-increasing-market-reach/).

Venio expands offering nationwide across the Philippines increasing market reach - CCRMagazine.com

**Financial IT -** "Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now ramping up its availability across the Philippines with new international markets planned. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila. This is in line with Venio’s strategy to pinpoint the most crucial regions of the Philippines."

The full article may be read [here](https://financialit.net/news/lending/venio-expands-offering-nationwide-across-philippines).

Venio expands offering nationwide across the Philippines - Financial IT

**IBS Intelligence -** "Nano-credit facilities provider Venio, which focuses on unbanked consumers in emerging markets, has expanded its services nationwide across the Philippines on the back of metro launches across Mega Manila, Cebu and Davao. Venio has continued its local convenience store and merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to a complete nationwide availability and increasing local neighbourhood store access across Manila.

Following an initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now ramping up its availability across the Philippines with new international markets planned. The U.S. company is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as have local store access within the most populous municipalities in Metro Manila."

The full article may be read [here](https://ibsintelligence.com/ibsi-news/u-s-nano-credit-company-venio-expands-services-for-filipinos/).

U.S. nano credit company Venio expands services for Filipinos - IBS Intelligence

**Newsbytes.PH -** "Venio, a mobile app providing “nano-credit” facilities to unbanked consumers in emerging markets, said it has expanded its services nationwide across the Philippines after launching in key cities of Metro Manila, Cebu, and Davao.

The company said it has also continued its local convenience store and merchant acquisitions into six new municipalities within Metro Manila, bringing the app to full nationwide availability and increasing local neighborhood store access across the capital."

The full article may be read [here](https://newsbytes.ph/2020/10/05/ny-based-nano-credit-mobile-app-expands-outside-of-ph-cities/).

NY-based ‘nano-credit’ mobile app expands outside of PH cities - Newsbytes.PH

**New York, October 6,  2020:** Venio, the mobile application providing "nano-credit" facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded its services nationwide across the Philippines on the back of successful metro launches across Mega Manila, Cebu and Davao. Venio has also continued its Local Convenience Store and Merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store access across Manila.

Following a successful initial roll out with over 30,000 downloads, Venio has proven its core business model across its test markets and is now ramping up its availability across the Philippines with new markets planned. Venio is expanding its reach via its redemption network of retail partners. Venio app users will now be able to redeem credit facilities at stores and merchants across the country, as well as local store access within the most populous municipalities in Metro Manila. This is in line with Venio’s strategy to pinpoint the most crucial regions of the Philippines.

The expansion follows a steady increase in customer acquisition and the recruitment of additional partners to Venio’s extensive retail network. These include the Philippines’ Sari-Sari stores that are a central part of retail and local community life in the country along with the international retailers such as Grab and McDonald's to name a few of the merchants and brands that Venio customers can access via the Company’s App.

Venio’s strong growth has been supported by recent trends in the wake of the pandemic which has fast-tracked digitisation and the adoption of mobile payments as attitudes towards physical cash handling change. Venio has also iterated its product offering to accommodate the accelerated demand for airtime purchases and local transportation costs as a result of shifting customer behaviour.

Venio is driving financial inclusion and creating positive social impact in the Philippines, the nationwide expansion will allow the Company to introduce access to credit and financial support to communities that have been underserved by traditional financial institutions. In recent months there has been an increased demand for small lines of credit among the financially excluded. By increasing partnerships with retailers and ‘mom and pop’ Sari-Sari convenience stores Venio is better able to reach these unbanked groups. Venio’s “nano-credit” offering remains unique in the market as it enables users to access small loans starting at $1 and up to $5. This not only grants the unbanked consumer access to services that would otherwise be unavailable to them but also opens a gateway to more advanced forms of financial support, especially for those building a credit profile for the first time.

The nationwide expansion in the Philippines shows that Venio’s proprietary technology is fully scalable. Based on the positive response in the Philippines market Venio is preparing to grow internationally in target high growth emerging markets in Asia and Latin America.

**Warren Platt, Founder & CEO at Venio commented:** “Venio has successfully completed its launch and proven the business model. Our product has resonated with customers with acquisition rates that are performing above expected levels and our geographical expansion is in response to this demand. We are proud of the positive response from our customers and of the positive impact we have been able to make in the lives of many unbanked individuals. The fact that Venio is expanding its footprint means vital credit facilities are now available to more of the unbanked in Filipino society, reducing financial exclusion. We are now preparing to scale further and look forward to further positively impacting our user base in the Philippines and towards taking Venio into other new international emerging markets.”

**About Venio**
Venio is a global company specializing 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](mailto:helen@tancredigroup.com)

**Salamander Davoudi**  
T: +442034342334  
M: +447957549906   
[salamander@tancredigroup.com](mailto:salamander@tancredigroup.com)





Venio expands offering nationwide across the Philippines increasing market reach

**International Finance -** "A recent joint study conducted by Backbase and International Data Corporation found that fintechs will be largely responsible for bridging the financial gap in the Philippines. Interestingly, more Filipinos are expected to show interest in digital financial transactions by 2025, with 75 percent of the total payments expected to be carried out electronically and 80 percent of customers registering with new accounts in financial institutions besides their primary banks.

Warren Platt, Founder and CEO of Venio, in an exclusive interview with International Finance, talks about the company’s efforts in boosting financial inclusion in the Philippines and expanding its market presence to other emerging markets."

The full article may be read [here](https://internationalfinance.com/how-nano-credit-is-empowering-the-unbanked/).

How nano credit is empowering the unbanked - International Finance

**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**
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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

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