Philippines FinTech Startups in Lending
Lendr is an end-to-end loans origination and loans management platform aimed at financial institutions and credit providers. The latest Lendr app was the result of the partnership between The Rural Bankers Association of the Philippines and PLDT-owned tech company Voyager Innovations. Lendr is the first 24/7 digital loans marketplace platform in Philippines.
Leverage.ph is an operating subsidiary of MicroGroup Lending Corporation that provides an online access to the Loans provided for SMEs. Since 2015, MicroGroup has provided lending services to SME’s in the Philippines who are considered “unbankable” by commercial financial institutions.
LoanSolutions.ph is the largest network of lenders in the Philippines. They’ve so far serviced over 2,000 borrowers, with average loan value of PHP 100,000 (US$2,220), and the numbers continue to grow. In 2014, LoanSolution raised an undisclosed amount of seed funding from a group of international and local investors, led by Singaporean VC KK Fund.
LendMe.ph is a platform providing advising for personal, home, vehicle and business loans. It analyzes users’ needs to determine the most suitable product. LendMe.ph aims at serving as a bridge between borrowers and lenders and be the “one-stop loan solutions.”
Philippines FinTech Startups in Online Wealth Management
Acudeen is an online P2P marketplace for discounted invoices that helps small and SMEs with cash flow problems. This representative from Philippines will present itself at the Seedstars Summit in Switzerland on March 2017 for the prize of $1 million in equity investment.
Robur was originally founded as a means to meet the needs of two professional private investors who required access to quality financial data to assess them in their investment decisions. It’s modelled as the “Bloomberg for the individual investor”.
PawnHero is the first online pawn shop in Southeast Asia and aims to reshape the industry by providing an affordable personal loan off a wide range of items. In 2015, PawnHero won Judge’s Choice in the Top 100 Startups Philippine Qualifiers and the Most Promising Startup in Asia at Echelon Asia Summit 2015. The online pawnshop startup has also won the 2016 Hack Osaka pitch contest in Japan held recently
Philippines FinTech Startups in Data Management
Salarium provides varied industries with a cloud-based payroll software that is innovative and dependable. This payroll service tech startup Salarium, leaded by Judah Hirsch, won the grand prize of $500,000 at the global Seedstars World Competition 2015 held in Geneva, Switzerland.
Lenddo, one of Technology Pioneers 2014 by The WEF, empowers the middle class to use online social connections to demonstrate creditworthiness & access affordable, life-improving financial services.
Total Equity Funding $14M in 3 Rounds from 11 Investors
Most Recent Funding Series B on October 14, 2015 / Undisclosed Amount
MyFinB is a spin-off tech start-up from VSC Group’s venture builder arm to provide credit bureau analytics platform to organizations globally. It is the world’s first to allow organizations to have their own credit bureau platform/analytics and have total control of their own data and transactions within their own firm to make credit decisions.
Philippines FinTech Startups in Payment
Tagcash is a digital wallet which you can top up either at a local 7-Eleven convenience store in the Philippines, by bank transfers, via a local agent and by using bitcoins. Transactions on Tagcash are made via SMS, web, mobile or API integrations, and are free of charge.
Total Equity Funding: $3M in 1 Round
Most Recent Funding: $3M Angel on June 29, 2015
BeamAndGo.com provides Filipinos and overseas Filipinos a better way to purchase life’s essentials – groceries, supplies, care and prescription medicines – for their loved ones within the Philippines. In partnership with stores throughout the Philippines, the BeamAndGo way of giving is secure, efficient, convenient and digital.
Coins.ph is a money transfer platform with mobile devices, powered by blockchain technology. The mobile wallet empowers consumers and small businesses by giving them direct access to world class financial services.
PaidUp is a new mobile phone app that allows small and medium sized businesses to gain more customers and revenue by strengthening the trust they have with their top fans – who can now invest in their favorite stores in return for special discounts and offers.
Pitaca Digital Services is a registered trademark of MobileVentures Inc based in Manila established in 2010 with a vision to enable emerging markets to benefit from the revolution in smartphones, mobile technology and information technology. Pitaca has raised a funding round led by boutique investment services and financial advisory company Carillion Partners.
The ZAPtag is the Philippines’ first smart sticker that lets consumers earn instant rewards such as Cash Back Points, Coupons and Jackpots with just a tap.
E-Peso, a product of Genuisys International Systems Corp (GISC) is a digital/virtual currency based on the Philippine Peso. E-Peso is structured to support features such as cashless products, high security, AMLA compliance, mobile money, E-Payment, E-Payroll, E-
Merchants, E-Attendants and ATMs.
PayMaya Philippines Inc. is the digital financial unit of PLDT and Smart Communications, Inc. It is backed by two global leaders in the converging Internet platforms, digital financial services, mobile money, and e-Commerce spaces – PayMaya and Rocket Internet.
Dragonpay, acting as a payment gateway, specializes in online payment solution that uses online and offline banking facilities, and other non-traditional brick-and-mortar outlets, to accept payments from a broader market base in a more secure and cost-effective manner.
Total Equity Funding: Undisclosed Amount in 1 Round from 1 Investor
Most Recent Funding: Series A on November 4, 2014 / Undisclosed Amount
PesoPay is the online payment gateway system, a product of AsiaPay in the Philippines. They provide secure and seamless electronic payment solutions for both SME’s and large enterprises.
WEEPAY is a subsidiary of Accord Capital Equities Corporation , the first local broker dealer in S.E.C history to abide by the SRC Ruling 28.1-1 which requires an UNIMPAIRED PAID-UP CAPITAL of 125 Million Pesos. This specializes in funding
BPI Globe BanKO Inc. (BanKO) is the first mobile-based, microfinance-focused savings bank. It aims to provide the low-income segment with secure and convenient access to affordable financial services by leveraging on its combined assets and infrastructure in banking & telecommunications. In the past two years, BanKO has extended over P2B in loans to its partner MFIs, successfully reaching over 400,000 micro-entrepreneurs in the Philippines.
GCash is a service for Globe & TM customers which allows you to do the following using your mobile phone: Send& receive money to & from another Globe/TM mobile phone anytime & anywhere. Buy Prepaid load with an instant 10% rebate. They’ve since added an online payment system to it and partnered with American Express. It can also be used to verify a PayPal account.
SMART Money is one of the first eWallet services in the Philippines, provided by telco Smart Communications. As an electronic wallet, Smart Money acts as a bank account that allows both merchants and online shoppers to make a payment service.
Qwikwire empowers travelers, expats, and immigrants to securely pay their real estate and other bills through multiple online channels (credit/debit card, ACH, or Bitcoin). Qwikwire provide administrators the ability to automate report generation for a more efficient management of payments enterprises receive
Ayannah aims to be the leading provider of mobile commerce and payment services to the unbanked in emerging markets and unbanked migrants in OECD countries.
Total Equity Funding: $7.5M in 4 Rounds from 8 Investors
Most Recent Funding: $3M Series B on December 29, 2015
Philippines FinTech Startusp in Blockchain/Bitcoin
Satoshi Citadel Industries is a ventures company that supports the emerging Bitcoin ecosystem in the Philippines. It has come up with a new digital payments technology made for the offline population. Dubbed Boom Cash, SCI’s new innovation is an SMS-based wallet that allows a person to send and receive money digitally without an Internet connection.
Top Philippines FinTech in Crowdfunding
Cropital is a crowdfunding platform connecting anyone to help finance farmers, be it private investors or individuals who just want to help.
Philippines FinTech Startups in Personal Finance
Mynt is a FinTech startup wholly-owned by Globe Telecom. They provide financial services – including payments, remittance, loans, business solutions and platforms – to the unbanked and underserved. This manages 2 other FinTech services. Those are the successful mobile money solution provider Gcash and Fuse Lending.