In a directive issued on June 9, 2026, the SEC Enforcement and Investor Protection Department (EIPD) ordered Bridge Cash to immediately cease its online lending-related activities. This includes the operation of applications, online lending platforms (OLPs), and messaging channels under the name Bridge Cash or any related entities.
The SEC also sanctioned Bridge Cash to stop its deceptive, unfair, and unauthorized lending of money, including false claims of association with First Digital Finance Corporation or any legitimate financing or lending companies registered with the SEC.
The order was issued following complaints received by the SEC from borrowers alleging that the money returned to them was significantly less than the original loan due to undisclosed deductions or hidden charges by the company.
This comes in the wake of forced repayments within five to seven days after receiving the borrowed money.
Following an investigation by the SEC, it was found that Bridge Cash is not a registered corporation with the Commission. It was not given a certificate of authority to lend money or conduct any financial activities.
Bridge Cash is not registered as an Online Lending Platform (OLP), a violation of SEC Memorandum Circular (MC) No. 19, Series of 2019, which requires lending and financing companies to disclose all OLPs they operate. This also contravenes SEC MC No. 10, Series of 2021, which suspends the operations of new OLPs.
The SEC also discovered Bridge Cash's debt collection methods involve intimidation and unauthorized use and access to data of borrowers.
