Last February 20, 2021, Cashalo posted on their official Facebook page that part of their database archives were access by an unauthorized entity. These archives mainly contained customer personal data.
The National Privacy Commission (NPC) initiated the investigation but no further details or information was provided.
Cashalo is one of the popular and aggressive lending apps and has a broad customer base in Metro Manila. The Lending process does not involve any collateral and is considered one of the fastest-growing micro-financing companies in 2020.
You may see the official posts down in the screenshot down below: