First Shoshin Solutions Inc. (FSSI), founded by ex-congressmen Jack and Sally Ponce-Enrile, which has invested to develop a US$5m Fintech Hub in 2020, announced its partnership with Bixie to empower Filipino women to become financially independent.
Bixie is Asia’s leading female finance platform, providing an AI-powered finance app that encourages savings and wealth generation through knowledge, network, and tools. It designs a user experience tailored to the unique needs and behavior of Filipino women such as a digital ledger/tracker that provides insights into its users’ spending activities. Bixie also features a digital community center that allows members to share their financial milestones.
Under the partnership, Bixie will leverage FSSI’s APIs and other integrations such as blockchain and banking partners as well its Operators of Payment Systems (OPS) license with Bangko Sentral ng Pilipinas (BSP). This collaboration with FSSI provides Bixie the ability to scale its offerings to become a central access point for its client’s convenience.
“We are thrilled to partner with Bixie and extend its mission of providing better finance management for Filipino women. Bixie and FFSI share the vision of banking the unbanked majority. With our digital payment capabilities, we are humbled to scale Bixie’s comprehensive app and be a part of their movement to provide better ways for women to manage their money,” said Sally Ponce-Enrile, co-chairperson of First Shoshin Holdings Corp. (FSHC).
The FSSI delivers digital innovation in the country through its financial technology JojoCare and financial technology solution JoJoPay which have been helping thousands shift to digital banking easily.
JoJoPay is a digital payment platform that allows users to move money instantly across borders and where transactions are powered by the Cloudchain blockchain, a first in the Philippines. On the other hand, JoJoCare is an online consultation platform where consumers and providers can safely access and deliver healthcare, a demand that has seen a surge due to the COVID-19 pandemic.
