Funding

Coins.ph Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence

Philippines’ fiat and crypto wallet services provider Coins.ph 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

Read More

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

Read More

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

Read More

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

Read More

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,

Read More

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

Read More

Crypto Exchange PDAX Secures US$50 Million in Series B Led by Tiger Global

The Philippine Digital Asset Exchange (PDAX) announced that it has raised more than US$50 million in funding led by Tiger Global. Tiger’s investment completes the company’s Series B funding round which began with US$12.5 million in August 2021. Other investors include

Read More

Tonik Pulls in US$131 Million From Series B Fundraise Led by Mizuho Bank

Philippines’ digital bank Tonik announced that it closed a US$131 million Series B equity funding round led by Japan’s Mizuho Bank which has been active in the country since 1981. Other significant new investors in the round included Prosus Ventures

Read More

B2B Platform GrowSari Bags US$45 Million in Ongoing Series C Fundraise From KKR

GrowSari, a Philippines’ B2B e-commerce platform serving micro, small and medium-sized enterprises (MSMEs), has secured US$45 million in a Series C funding round from global investment firm KKR. According to GrowSari, the ongoing Series C round is significantly oversubscribed as

Read More

Philippines’ BNPL Platform BillEase Closes US$11 Million Series B

Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has closed its Series B funding round with US$ 11 million in fresh equity. The round was led by BurdaPrincipal Investments, the growth capital arm of German media and

Read More