The Philippine Securities and Exchange Commission ordered Digido Finance Corp. to permanently halt its financing operations and imposed a PHP 600,000 administrative fine after finding that it continued operating despite the May 9, 2025, revocation of its corporate registration and financing license. The fine comprises PHP 100,000 penalties against the company and each of five officers. The regulator found that Digido continued to process and approve loan applications, disburse proceeds, issue loan documents and maintain active accounts. It also serviced and collected payments through Fingertip Finance Corp. The commission rejected Digido’s argument that the revocation remained subject to appeal, noting that revocation orders are immediately executory under its procedural rules.
2026-02-28Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission orders Digido to halt financing permanently and imposes PHP 600,000 fine
The Philippine Securities and Exchange Commission ordered Digido Finance Corp. to halt financing permanently and imposed PHP 600,000 in fines for operating after its registration and license were revoked. The company continued lending and used Fingertip Finance Corp. to service and collect loan payments.