We are excited to welcome our latest Loan Originator, Mocasa, a fintech company founded in 2021 and based in the Philippines. Mocasa focuses on providing innovative credit payment services to the Filipino market, enabling users to experience the convenience of credit payment anytime and anywhere, whether online or offline, without needing a physical card. With partnerships with Mastercard and Asia United Bank (AUB), and accreditation by the Securities and Exchange Commission (SEC) and Credit Information Corporation (CIC), Mocasa has established itself as a trusted and regulated fintech lender in the Philippines.
Since its founding, Mocasa has grown rapidly to serve over 200,000 active users who have obtained credit limits. Users can make payments via QR code scanning or through the Mocasa Card (a virtual Mastercard), making credit accessible both online and at physical stores across the Philippines. Mocasa has already originated over €17.6 million in loans and currently manages a portfolio of approximately €2.3 million.
What sets Mocasa apart is its sophisticated risk management system. Led by an ex-Capital One risk management team leader, Mocasa uses a real-time intelligent credit assessment system that combines data from KYC verification, credit reporting agencies, social network data, and behavioural analysis to serve customers with strong risk performance while maintaining a low bad debt rate. The system also features a Constructive Account, enabling users to build their credit history from zero, expanding financial inclusion across the Philippines.
Here are some key details about Mocasa’s loans:
- Loan Type: Business loan
- Borrower APR Range: 108%
- Expected Maturities: 1–3 months
- Junior Share: 28–36% (estimated through pledges and parent guarantee)
To start the cooperation, Mocasa offers business loans with yields of 12–13% per year to investors on the Income marketplace. All listed loans come with a buyback obligation and an estimated Junior Share equivalent of 28–36%, derived through pledges and a parent guarantee. Loans have expected maturities of 1–3 months, making them an attractive short-term investment and a valuable addition to a well-diversified investment portfolio.
Don’t miss out and diversify your portfolio with Mocasa today!
Notes on security structure:
The company placing loans on the Income marketplace is Mocasa Holding Ltd, a Hong Kong-based entity. The structure is based on a secured Business Loan Agreement between Mocasa Holding Ltd and Philippine Cashtrout Lending Corporation, the licensed consumer lender operating in the Philippines under the brand Mocasa. The consumer loans issued by Philippine Cashtrout Lending Corporation to Philippine borrowers have been pledged as security to the business loan. In addition, a parent guarantee from Mocasa’s parent entity provides additional security. Pledges are made in weekly batches. Income EST SPV OÜ acts as fiduciary for Income investors, with a 100% assignment of the claim made from Mocasa Holding Ltd to the Income SPV, which then distributes fractional claims and repayments to investors. Due to the business loan structure, the advance rate on the loans is 100%. The pledges and parent guarantee are estimated to translate roughly to a Junior Share of 28–36%, which creates a sufficient buffer to protect investors in the case of LO default. Note that the performance of the underlying consumer loans issued in the Philippines is not directly linked to the performance of the business loan, and Mocasa Holding has the right to use other funds also to service the business loan.
