The Securities and Exchange Commission (SEC) has lifted the suspension of Jia Financing Inc.’s Certificate of Authority after admitting that it had failed to observe due process by not first notifying the firm of its violations.

In moving for a partial reconsideration, Jia said the order issued by the SEC’s Financing and Lending Companies Department violated its right to due process since it was not notified that it was being charged with the violation and was not given an opportunity to explain or defend itself against the charge.

The SEC had issued a show-cause letter to the company for its use of the website Jia.ph despite a moratorium on new online lending platforms, but the SEC said it was not able to explicitly mention “the violation pertaining to the implementation of new products and services without amending its Business Plan.”

“Due to the inadvertent failure of specifically informing (Jia Financing) of its alleged violation on MC (Memorandum Circular) 3 Series of 2022, in the SCLs (show-cause letters)..., the procedural technicalities were not complied with,” the SEC said.

Thus, the SEC issued a Resolution dated Sept. 9, 2025, lifting the temporary suspension of Jia Financing’s Certificate of Authority, which had been imposed in July.

With this, Jia stated that it is fully authorized to operate and continues to provide SME financing, invoice financing, and receivables financing solutions to entrepreneurs nationwide.

“The SEC’s action followed Jia’s Motion for Partial Reconsideration and confirmed that the matter was purely administrative, not substantive. In its Resolution, the Commission confirmed that the issue was purely procedural and not related to Jia’s lending practices, borrower conduct, or business model,” the firm said.

Despite this, Jia had already paid the penalty of ₱10,000 for late submission of its Business Plan under the Implementing Rules and Regulations of the Financing Company Act and removed its website Jia.ph.

Jia Financing emphasized that it is not an Online Lending Platform (OLP), but a duly licensed Financing Company focused exclusively on SME lending, offering business financing products such as invoice financing, receivables financing, purchase order financing, and working capital financing.

“We respect the SEC’s role in ensuring proper governance for financing companies, and we are grateful for their guidance,” said Krizanne Ty, Country Head of Jia Financing Inc.

She added, “This Resolution closes a temporary chapter and gives us clarity to move forward with renewed focus on expanding access to SME financing.”

Jia continues to be supported by reputable venture capital investors and credit funds, ensuring strong capitalization for its growing SME loan portfolio.

“Our mission has always been to help SMEs thrive. With this matter resolved, we are in a stronger position than ever to serve our borrowers, partners, and investors. At the end of the day, our focus is simple — helping Filipino entrepreneurs get faster access to the capital they need to grow,” Ty said.