PH bank RCBC teams up with fintech startup Acudeen for new $2b fund

PH bank RCBC teams up with fintech startup Acudeen for new $2b fund

Manila, Philippines. Photo by Bash Carlos on Unsplash

Philippine-listed bank Rizal Commercial Banking Corporation (RCBC) has partnered with 500 Startups-backed fintech firm Acudeen Technologies Inc to launch a new 100-billion pesos ($2 billion) fund that targets the country’s micro, small, and medium enterprises (mSMEs) and farmers, according to an announcement.