Discovery Capital Finance Corp. (DCFC), one of the fastest-growing financing companies in the Philippines, has officially secured a strategic credit facility with Union Bank of the Philippines (UnionBank), one of the country’s largest and most technologically advanced banking institutions.
Discovery Capital Finance Corp. and UnionBank executives formally sign a strategic credit facility agreement aimed at expanding SME financing and advancing financial inclusion nationwide. Shown in photo from left are Engr. Allan L. Yumul, CTO; Trizza Anne Marie D. Martino, CFO; Diosdado C. Salang Jr., President & CEO of Discovery Capital Finance Corp.; Raquel N. Sevidal, EVP and Center Head – Commercial Banking Center; and John Basil O. Sace, VP and Group Head – Commercial Banking 7 of UnionBank.
This landmark agreement is set to significantly boost financial inclusion and fuel the growth of small and medium enterprises (SMEs) nationwide, which serve as the vital backbone of the Philippine economy.
Amplifying Credit Support for Philippine SMEs
The credit facility provides Discovery Capital with substantial funding capacity to extend flexible, accessible, and non-collateralized working capital solutions to local businesses. Backed by the financial muscle of UnionBank, Discovery Capital is positioned to bridge the critical funding gaps that frequently hinder small businesses from expanding, purchasing equipment, and managing everyday cash flows.
With this new facility, Discovery Capital is actively accelerating its physical and operational footprint. The company plans to establish multiple new satellite offices across the entire country, specifically targeting underserved, unbanked, and underbanked clients in regions outside major metropolitan hubs.
Deepening Institutional Trust and Nationwide Visibility
Industry experts note that major financial institutions continue to place immense trust in Discovery Capital due to the financing company’s institutional maturity. The company’s foundation rests on a strict corporate structure and sophisticated risk management models that consistently keep credit exposure safe. This strong governance enables its disbursement operations, which utilize a diverse mix of traditional banking channels and agile digital networks to deploy capital rapidly into rural and provincial areas. Finally, this entire ecosystem is reinforced by an unparalleled, boots-on-the-ground physical presence. By operating as the only financing company with deep, localized visibility across various provinces, Discovery Capital effectively translates its institutional strength into real-time solutions that cater directly to grassroots client needs.
Vision of Becoming the Industry First-Choice
The partnership marks a massive milestone for Discovery Capital as it transitions from a high-growth lender into a dominant name for business financing.
“Our ultimate goal is to become the definitive top-of-mind choice for any entrepreneur or business owner seeking financial support in the Philippines,” said Diosdado C. Salang, Jr., President and CEO of Discovery Capital Finance Corp. “When clients look for a reliable partner to sustain and scale their dreams, we want Discovery to be the very first name they think of.”
The collaboration will help Discovery Capital to deliver a sustainable financial stimulus designed to empower provincial economies and local enterprises across the Philippines.”
