THE Securities and Exchange Commission (SEC) has reaffirmed a decision revoking the corporate registration and financing license of Digido Finance Corp. and directed the online lender to permanently cease operations.
In a Feb. 18, 2026 order, the SEC’s Financing and Lending Companies Department (FLCD) ruled that Digido was administratively liable for violating key provisions of Republic Act 8556 and its implementing rules and regulations.
The company was said to be engaged in financing activities and presented itself as a financing entity without the required certificate of authority and valid corporate registration.
Under the law, entities are prohibited from operating as financing companies without proper licensing, while noncompliance with lawful and immediately executory orders of the commission is subject to sanctions.
The SEC said Digido continued processing and approving loan applications, disbursed proceeds, issued disclosure statements and promissory notes and maintained active loan accounts even after the commission revoked its certificate of incorporation and authority to operate on May 9, 2025.
“Each post-revocation loan transaction constitutes a discrete and independent act of engaging the business of a financing company without authority. The statutory violation is not theoretical; it attaches to every extension of credit made after revocation,” the order read.
Digido also continued servicing and collecting loan payments through Fingertip Finance Corp., a wholly owned subsidiary of Robocash Pte. Ltd.
“The continuation of collection operations through Fingertip is particularly telling,” the order read, adding that collection and servicing activities executed through structured payment channels and borrower communications are integral to financing operations and sustain the company’s business despite the commission’s withdrawal of authority.
The regulator dismissed Digido’s claim that the revocation order was not yet final and remained subject to appeal, noting that revocation orders are classified as immediately executory under the 2016 SEC rules of procedure and must be complied with pending appeal.
The SEC also imposed fines totaling P600,000, consisting of P100,000 each against the company and its five officers, namely president Aleksei Kosenko, corporate secretary Juan Solomon, Jr., independent director Leonardo Serrano Jr., treasurer Aries Felipe, and compliance officer Leo Cezar Caballes.
