Cebuana Lhuillier Invested in Crypto Firm and BSP-Licensed SCI Ventures

The company has invested an undisclosed amount to acquire a stake in the local fintech firm as part of its bid to enter the digital financial services market.

Filipino-led blockchain and digital asset platform, Satoshi Citadel Industries (SCI) Ventures Inc., and Kakao Investment, virtual currency arm of Kakao Talk, Korea’s largest messaging app, announced an investment from P.J. Lhuillier, Inc. (PJLI), parent company of Cebuana Lhuillier, the largest non-bank financial services provider in the Philippines with 2,500 branches nationwide. The company has invested an undisclosed amount to acquire a stake in the local fintech firm as part of its bid to enter the digital financial services market.

For the full article click the link below.

Source of shared Link

---