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    Date: 2021-09-02 18:38:54.069932

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    Date: 2021-09-06 12:20:08.919692

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    Date: 2021-09-12 22:50:00.865711

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LEGALITIES OF ONLINE LENDING PLATFORMS

Requested from SEC by J. ZAPATA at 06:38 PM on Sep 02, 2021.
Purpose: Research
Date of Coverage: 08/23/2021 - 09/02/2021
Tracking no: #SEC-663474067087

ZAPATA 06:38 PM, Sep 02, 2021 

I would like to request the duly issued SEC Registration Number and Certificate of Authority and their Company Name of the following Online Lending Platforms:
1. CAT CASH
2.TBAG
3. CASH COW
4. CASH GUARD
5. WISE CASH
6. PESO KWENTO
7. PESO HERE
8. EAST CASH
9. MORE GOLD
10. WEAGLE
11. TACO
THanks and God Bless!

Infante 12:20 PM, Sep 06, 2021 

September 6, 2021

Dear Ms. JULIET,

Thank you for your request dated Sep 02, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for LEGALITIES OF ONLINE LENDING PLATFORMS.

We received your request on Sep 02, 2021 and will respond on or before Sep 23, 2021 06:38:54 PM, in accordance with the Executive Order's implementing rules and regulations. Your request will undergo regular processing, subject to applicable fees.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy02NjM0NzQwNjcwODcM, for request with ticket number #SEC-663474067087.

Thank you.

Respectfully,

Violeta Infante
FOI Officer

Gumtang- Remalante 10:50 PM, Sep 12, 2021 

September 12, 2021

Dear JULIET ZAPATA,

Greetings!

Thank you for your request dated Sep 02, 2021 06:38:54 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for LEGALITIES OF ONLINE LENDING PLATFORMS.

Response to Request

Your FOI request is approved.

Out of the 11 names given, only CASHCOW appeared in our list of registered online lending platform.  Below are the details:

Platform name: CASHCOW
Company Name: FAST COIN LENDING CORP.	
SEC Registration No.: CS20190000277	
CA No.: 3140

You may further check in the link below the list of online lending companies that complied with the SEC requirements on the identification of Online Lending Platforms:

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-registered-online-lending-platforms/

As to the rest, it is strongly suggested that you email cgfd_md@sec.gov.ph and send your inquiry and provide further details or screenshots of these alleged online lending platforms in order for our Office to make the necessary verification.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
 
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
 
Thank you.

Respectfully,

Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer

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