ASIA'S first AI-powered SME lending marketplace, Kredit Hero, has launched in the Philippines, revolutionizing access to financing for small and medium-sized enterprises (SMEs). By connecting borrowers with a network of partner lenders, the platform addresses the inefficiencies of traditional loan applications.

SMEs play a crucial role in the Philippine economy, contributing over 60% of employment and at least 40% of GDP. However, many Filipino entrepreneurs struggle to secure fast and competitive financing due to lengthy approval processes and high rejection rates.

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