Advance

Advance, operating as Advance Tech Lending Inc., is a Philippines-based financial technology lender that provides working capital credit lines and disbursement solutions to businesses, together with financial wellness products for their employees. Its stated purpose is to help companies bridge cash flow gaps without requiring collateral, so that financing is available both for immediate needs and on a standby basis.

The product set is organised around two customer groups. For small and medium enterprises, Advance offers "Business Advance" products: Direct Disbursement, which unlocks funds tied up in unpaid receivables, and Payroll Disbursement, which funds payroll on time during cash flow gaps. For large enterprises, Advance offers Salary Advance, an employee benefit that extends financial assistance to staff — described as a flexible credit line — without adding risk to the employer.

The company operates under Philippine regulatory registrations, citing SEC Company Registration No. CS201819635 and Certificate of Authority No. 2765, and directs prospective customers to a disclosure statement with loan terms and conditions.

Business model

Advance extends credit to businesses through revolving working capital credit lines and receivable- and payroll-linked disbursement products, and distributes an employee salary advance credit line via employer clients as a workplace benefit. Facilities are offered without collateral.

Revenue derives from lending activity — credit lines and disbursement facilities extended to businesses and salary advances to employees of enterprise clients — under its Philippine lending authority.

Traction

Press coverage quoted on the company's site refers to a $16 million pre-Series A raise and to the company catering to half a million employees across the Philippines.