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Digido SEC Revocation: What Borrowers Should Do
The SEC revoked Digido's licence in May 2025 and ordered it to permanently stop financing operations in February 2026. Here is the timeline, what it means for an open loan, and how to avoid scams.
Published October 27, 2026
Digido was one of the best-known loan apps in the Philippines. In 2026 it is also one of the clearest examples of what happens when a lender loses its licence: the SEC revoked Digido Finance Corp.'s registration in May 2025, found that it kept lending anyway, and in February 2026 ordered it to stop all financing operations for good.
If you have an open Digido loan, the questions that matter are practical ones. Is the loan still valid, who should you pay, and how do you avoid people who use a lender's trouble to run a scam? This guide sets out what the SEC actually decided, with dates and sources, and what a borrower can sensibly do now.
Everything below comes from published SEC actions as reported by BusinessWorld, Inquirer, Manila Bulletin and The Manila Times, the SEC's list of recorded online lending platforms as of 20 October 2026, and Digido's own website as checked on 27 October 2026. We are not affiliated with Digido.
What the SEC decided, in order
Digido's case has two separate orders. The first took away its licence. The second punished it for carrying on after that.
| Date | What happened |
|---|---|
| 9 May 2025 | SEC revokes Digido's certificate of incorporation and its authority to operate as a financing company |
| May 2025 | Digido denies the findings and asks the SEC to reconsider |
| 18 Feb 2026 | FLCD orders Digido to permanently stop all financing operations · ₱600,000 in fines |
| Early Mar 2026 | Digido says it has appealed and that the relevant operations are suspended |
| 20 Oct 2026 | Digido is not on the SEC list of recorded online lending platforms |
The May 2025 revocation
According to Inquirer's report of the order dated 9 May 2025, the SEC found that Digido had opened and operated four locations in Cavite — in General Trias, Dasmariñas, Bacoor and Kawit — without the certificate of authority that financing companies need for any branch, extension office or unit. Digido said these were small, temporary exhibit booths used for marketing, not branches. The SEC rejected that, pointing to Digido's own Facebook posts offering cash loans of up to ₱10,000 to people who applied at the booths.
The order revoked both Digido Finance Corp.'s corporate registration and its licence. Inquirer reported that the online lending platforms tied to it — UnaPay, UnaCash and Digido Philippines Online Loan — were cancelled along with it.
The February 2026 order
The SEC's Financing and Lending Companies Department (FLCD) then looked at what Digido did after May 2025. In an order dated 18 February 2026, reported on 2 March 2026, it found that Digido had continued to process and approve loan applications, release loan proceeds, issue disclosure statements and promissory notes, and keep loan accounts active.
The FLCD also found that Digido serviced and collected loans through Fingertip Finance Corp., a wholly owned subsidiary of Singapore-based Robocash Pte. Ltd. The SEC said these collection activities were an integral part of financing operations, not leftover tasks from old transactions.
Digido was found liable under Sections 12(b)(1) and 12(b)(2) of the implementing rules of the Financing Company Act (Republic Act 8556), which bar operating as a financing company without valid certificates, and Section 14, for not complying with a lawful SEC order. The fine totalled ₱600,000: ₱100,000 on the company and ₱100,000 on each of five officers, according to Inquirer.
The appeal
Digido argued that the 2025 revocation was not yet final because it could still be appealed. The FLCD rejected that argument, saying revocation orders are immediately executory under the SEC's 2016 Rules of Procedure. In other words, a pending appeal does not let a company keep lending.
BusinessWorld reported on 5 March 2026 that Digido had submitted an appeal of the February order, disputing the fine and the cited violations, and said it had complied with the May 2025 directives and suspended the relevant operations. The report did not say which body is hearing the appeal. We found no published decision on it as of 27 October 2026.
Key point. A revoked lender is not a "legit" lender while its appeal is pending. Under the SEC's rules, as the FLCD applied them in February 2026, a revocation takes effect immediately. Unless the SEC or a court reverses it, Digido may not grant new loans.
Is Digido still operating?
On the SEC's list of recorded online lending platforms dated 20 October 2026, there is no entry for Digido Finance Corp., Digido, UnaCash or UnaPay. That list is the SEC's own record of which companies may lend through apps and websites, and it is the first thing to check for any lender — our guide on how to check if a lender is SEC-registered shows how.
When we opened digido.ph on 27 October 2026, the site displayed a "temporarily unavailable" notice. Its footer still carried the company's old registration details. A footer is not a licence: the SEC's current list is what counts.
Fingertip Finance Corp. does appear on the 20 October 2026 list, under SEC No. 2020070001053-00, with one recorded platform: Big Loan. That listing covers Big Loan. It does not change the SEC's finding that collecting Digido's loans through Fingertip was part of Digido's unauthorised financing operations.
If you still have a Digido loan
This is the part most borrowers want answered, and the honest answer is that no published SEC advisory we found tells Digido borrowers where to pay or whether to pay. The orders deal with what the company may do, not with individual loan contracts. So the safest approach is to stay careful, stay documented and avoid both extremes: ignoring the loan entirely, or paying anyone who claims to be collecting it.
What the orders do and do not say
The orders take away Digido's right to operate as a financing company. None of the reports we read says the SEC cancelled existing borrowers' loans. Whether a particular loan, or a particular charge on it, can still be enforced is a legal question that depends on your contract and dates, and it is one to put to the SEC or a lawyer — not to a collector on the phone.
Who to pay
Pay only through a channel named in your own loan documents or in the official app, into an account in the lender's company name, and keep every receipt. Never pay into a personal GCash, Maya or bank account, however official the caller sounds. If someone says your loan has been transferred to another company, ask for that in writing, with the company's full name and SEC number, and check both against the SEC list before you send money.
| Situation | What to do |
|---|---|
| Caller asks for payment to a personal account | Do not pay · save the number and messages |
| A new company says it now holds your loan | Ask for written proof · check its SEC number |
| You were charged after the May 2025 revocation | Keep the statement · ask the SEC about it |
| Collectors threaten or shame you | Document everything · file a complaint |
Loans taken after 9 May 2025
The February 2026 order found that Digido kept approving and releasing loans after its licence was revoked. If your loan was released after 9 May 2025, keep your promissory note, disclosure statement and every payment record. These are exactly the documents the SEC described in its findings, and they are what you would need if you raise questions about your loan with the SEC.
Scams that follow a lender's collapse
A lender in the news is an opportunity for scammers. The patterns are predictable:
- Fake "Digido settlement" or "SEC clearance" offers that ask for a fee to close your account.
- Messages saying your loan was "sold" to a new company, with payment details for a personal account.
- Pages using the Digido name that offer new loans, which the company is not allowed to grant.
- "Agents" offering to remove your record from the Credit Information Corporation for a fee.
None of these is how a legitimate lender or the SEC works. The SEC does not collect loans or charge borrowers to settle them. Our list of loan scam red flags covers the wider pattern, including upfront-fee schemes.
Collection rules still apply
Whatever the company's status, the rules against abusive collection apply. SEC Memorandum Circular No. 18, series of 2019, bars threats, insults, false claims of criminal charges, disclosing your debt to people in your contact list, and contacting you at unreasonable hours. Our guide to what happens if you miss a loan payment sets out what collectors may and may not do, and where to complain.
If a collector shares your personal information or messages your contacts, that can also be a matter for the National Privacy Commission under the Data Privacy Act.
What to do now: a checklist
- Find your loan documents: promissory note, disclosure statement, release date and repayment schedule.
- Note the exact date your loan was released and whether it was before or after 9 May 2025.
- List every payment you have made, with receipts or screenshots.
- Check the SEC list of recorded online lending platforms for any company that contacts you about the loan.
- Pay only to a company-named account from your own documents, never to a person.
- Put any dispute or question in writing and keep copies of the replies.
- Report harassment, threats or contact-list shaming to the SEC, and data misuse to the National Privacy Commission.
- If you need a new loan, choose a lender that appears on the current SEC list — see our legit loan apps checked against the SEC list.
Quick answers
Is Digido legit in 2026? Digido Finance Corp. had its registration and licence revoked by an SEC order dated 9 May 2025, and an FLCD order dated 18 February 2026 directed it to permanently stop financing operations. It is not on the SEC's list of recorded online lending platforms dated 20 October 2026. It may not lend unless that decision is reversed.
Is Digido still operating? Digido told BusinessWorld in March 2026 that the relevant operations were suspended. On 27 October 2026, digido.ph showed a "temporarily unavailable" notice.
Do I still have to pay my Digido loan? No published SEC advisory we found cancels existing loans or tells borrowers to stop paying. How a specific loan should be handled is a question for the SEC or a lawyer. Do not ignore it, and do not pay anyone through a personal account.
Why did the SEC revoke Digido's licence? The SEC found that it operated four locations in Cavite without the certificate of authority required for branches. The February 2026 order added that Digido kept lending and collecting after the revocation.
Is UnaCash the same as Digido? Inquirer reported that UnaPay, UnaCash and Digido Philippines Online Loan were the platforms cancelled with Digido's registration in 2025. None of them is on the SEC list dated 20 October 2026.
Can Digido send me to jail for an unpaid loan? Not paying a debt is not by itself a crime in the Philippines; the Constitution prohibits imprisonment for debt. Threatening arrest over an unpaid loan is one of the collection practices the SEC prohibits.
Looking for a lender now
If you need to borrow, start with lenders that are on the current SEC list, read the total amount to repay before you accept, and compare more than one offer. How online loan interest rates work explains what to look for on a disclosure statement. You can also compare offers from our partners — and check each one's registration before you apply.
Sources: Inquirer Business, "SEC cancels Digido group's license" (May 2025) and "SEC orders Digido to stop operations" (March 2026); Manila Bulletin, "SEC permanently halts Digido lending operations" (2 March 2026); The Manila Times, "Revocation of Digido license affirmed by SEC" (2 March 2026); BusinessWorld, "Digido Finance files appeal after SEC order" (5 March 2026); Fintech News Philippines on Digido's motion for reconsideration (May 2025); SEC Memorandum Circular No. 18, series of 2019; SEC List of Recorded Online Lending Platforms as of 20 October 2026; digido.ph as checked on 27 October 2026. Online Loan in PH is not affiliated with Digido or Fingertip Finance. This article is general information, not legal or financial advice.
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