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Fintech to represent PHL in US investment summit

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FINANCIAL technology (fintech) firm CreditBPO Tech Inc. announced recently that it has been selected to represent the Philippines in a program of a summit organized by the United States Department of Commerce on June 7, 2021, to June 11, 2021.

CreditBPO said in a statement issued last Monday that it will present its proprietary solution before a select audience of attendees, including venture capitalists, corporate investors, representatives from startup ecosystems, incubators, accelerators and industry experts.

The “SelectUSA Investment Summit” is the highest-profile event dedicated to promoting foreign direct investment in the US, the fintech said. After a stringent vetting process and besting hundreds of other startups, CreditBPO was recognized for its readiness to enter the US market and was offered a spot to pitch in the summit’s fintech panel, the firm said.

“The summit plays an important role in promoting and maintaining the US’ leading position in global competitiveness and innovation, thus selecting foreign startups who are seen to be able to fulfill a need in the US economy to participate in the 5-day gathering.”

CreditBPO Founder and CEO Maria Cecilia O. Francisco was quoted in the statement expressing her excitement “to present our robust financial technology solution and for the opportunity to become part of the US technology investment ecosystem.”

Doing so “will allow our successful expansion into the $23-trillion US market,” Francisco added.

CreditBPO said it will join other top financial technology startups representing Australia, Austria, Germany, Hungary, Israel, Romania, Singapore, Spain and Taiwan.

In its “Asian Economic Integration Report” issued last February, the Asian Development Bank said fintech “presents a unique opportunity to leapfrog for emerging economies, where traditional financial systems are rather underdeveloped.”

Read full article on BusinessMirror

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