RCBC Receives US$460M Strategic Investment From SMBC

Sumitomo Mitsui Banking Corporation (SMBC) has increased its stake in Rizal Commercial Banking Corporation (RCBC) from 4.999% to 20.0%, providing an injection of PhP 27.126 billion (approximately US$ 460.78 million) in capital. SMBC’s strategic investment is said to be part

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BNPL Platform BillEase Raises US$20M Debt Facility from Singapore’s Helicap Securities

Consumer finance app BillEase has closed an up to US$20 million debt facility arranged by Singapore-based Helicap Securities, bringing the total raised by the lending platform to US$55 million in debt and equity. The company previously raised US$11 million in

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Philippines’ UNO Digital Bank Raises US$11 Million Led by Malaysia’s Creador

Singapore-headquartered financial technology company UNOAsia, the primary incorporator of UNO Digital Bank in the Philippines, has secured US$ 11 million in a pre-Series A funding round led by Creador Private Equity. Creador has already invested a total of US$ 21

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Filipino MSME Bookkeeping App Lista Raises Over US$5.1 Million

Lista, a bookkeeping app for MSMEs based in the Philippines, has raised over US$ 5.1 million in a recent funding round led by Singaporean VC firm Openspace Ventures. Existing investors East Ventures, Saison Capital, and 1982 Ventures had also participated

Read More Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence

Philippines’ fiat and crypto wallet services provider announced that it has closed a US$30 million Series C financing led by Ribbit Capital, and joined by other strategic investors. The company said that the new capital will be used to

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Philippines’ BNPL Firm BillEase Secures US$20 Million Debt Facility From Lendable

Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has secured a US$20 million debt facility from Lendable, an emerging market credit provider. This adds to the recent US$11 million Series B equity that it had raised from

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PayMaya’s Parent Company Voyager Raises US$210 Million, Vaulting It to Unicorn Status

Voyager Innovations, the company behind the Philippines digital wallet PayMaya and neobank Maya Bank, has raised US$210 million in new funds, vaulting it to unicorn status with a valuation of approximately US$1.4 billion. The round was led by Voyager’s first

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Top 5 Most Well-Funded Fintech Companies in the Philippines

In 2021, the Philippines’ fintech sector gained significant traction amid rapid adoption of digital financial services. This was supported by a conducive regulatory environment and investors’ growing interest in the prospect of technology to bring the country’s large population of

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Fintech Takes Lion’s Share of Philippines Tech Funding for Second Consecutive Year

The Philippines’ fintech industry is blossoming on the back of surging funding activity, a conducive regulatory environment, and rapid adoption of digital financial services, a new report by the Boston Consulting Group (BCG) and Foxmont Capital Partners shows. In 2021,

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PayMongo Secures US$31 Million Series B to Venture Into the BNPL Space

Philippines’ payment processing startup PayMongo announced that it has secured US$31 million in a Series B funding round. The round brings the company’s total funding to just under US$46 million, following a US$12 million Series A round in 2020 and

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