SNAPCASH LENDING INC. operated a mobile application named Snapcash, providing fast, short-term, unsecured microloans to individuals in the Philippines. The company targeted consumers needing quick access to cash, leveraging a digital-only application and approval process. However, the company was found to be operating without the necessary licenses from the Philippine Securities and Exchange Commission (SEC) and was subsequently issued a Cease and Desist Order for its illegal lending activities and unfair debt collection practices.

Founded in

Philippines