Funding
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
Read MorePhilippines’ 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
Read MoreFilipino 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 MoreCoins.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 MorePhilippines’ 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 MorePayMaya’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 MoreTop 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 MoreFintech 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 MorePayMongo 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 MoreCrypto 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
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