SB Finance, Inc., a subsidiary of Security Bank, has joined forces with Lalamove Automotive to offer tailor-made financial solutions to Lalamove’s partner drivers. This collaboration aims to enhance economic stability and create growth opportunities for those who form the backbone of the on-demand delivery industry.
At the core of this partnership is SB Finance’s OR/CR for Cash loan product, now accessible to Lalamove’s extensive network of drivers. Designed to address the unique needs of delivery drivers, the financial solutions help them upgrade vehicles, manage daily operational costs, and ultimately expand their income streams.
“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,” according to SB Finance President and CEO Abbie Dans-Casanova.
Through a dedicated channel integrated under a special merchant code for Lalamove, drivers can avail of loans of up to PHP2 million with minimal delays. This streamlined approach ensures that financial support is accessible and hassle-free, allowing drivers to focus on their operations and livelihood.
Djon Nacario, Managing Director of Lalamove Philippines, echoed this sentiment, “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.”
The partnership comes as the logistics and on-demand delivery sectors in the Philippines experience rapid growth. By addressing the specific financial challenges faced by delivery drivers, SB Finance and Lalamove Automotive aim to uplift their community, fostering sustainable economic empowerment and success.