Digido challenges SEC's license revocation order in the Philippines

Digido Finance Corp. is challenging the SEC's decision to revoke its operating license, disputing the claim of unauthorized operations. The company has filed a motion for reconsideration. The SEC cancelled Digido's certificates, alleging the fintech platform operated four branches in Cavite without proper permits. Digido denies the allegation, stating the locations were temporary marketing booths in 2021. Digido respects the SEC's regulatory role but believes the order deviates from established facts. The company is seeking to have the decision overturned.