GCash Advisory on Impostor Entity “Fuse Lending” shut down by SEC for illegally using former name of GCash lending arm

Image Courtesy: GCash

The Securities and Exchange Commission (SEC) recently shut down fake "Fuse Lending" after a complaint from GCash official lending arm, Fuse Financing Incorporated, on July 22, 2025.

To clarify, Fuse Lending was the former name of Fuse Financing Inc., which formally updated its registration and license on January 30, 2025. The fraudulent group illegally used this previous name to mislead the public.
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GCash would like to advise that FUSE FINANCING INC. is the sole legitimate lending arm of GCash. It is NOT connected to the fraudulent group “Fuse Lending,” recently halted by the SEC.
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Fuse Financing Inc. is FULLY operational and SEC-registered. Its products and services are only accessible through the GCash App. We remain committed to full legal compliance, transparency, and the highest standards of integrity in all operations.

Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology.  Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.

GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.

Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.