IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.

IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia.

5 Fast Growing FinTechs in the Philippines

ACUDEEN

Acudeen is a P2P invoice marketplace that allows SMEs to sell their receivables to its network of funders, enabling them to receive funds ahead of time. Acudeen’s online platform allows transactions to happen fast, from receivables uploaded to cash within days, in a secure and trustworthy environment.

COINS.PH

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.

FIRST CIRCLE

First Circle is a Philippine-based online lending startup that provides short-term working capital among small and medium-sized enterprises (SMEs).

MYNT

Mynt is a joint venture between Ayala Corporation, Globe Telecom and Ant Financial. It aims to address financial inclusion using mobile money, micro loans and technology solutions. Its products include GCash, a tech-based micropayments solution and Fuse, a microloans company to aid small and medium enterprises in the Philippines.

VOYAGER INNOVATIONS

Creating platforms and fusing them for every key digital activity — from Internet Access to eCommerce, Digital Marketing to Fintech — Voyager has established industry leadership in inclusive innovations, allowing millions more to participate and be productive in the new digital society.

Note: The list is arranged alphabetically. Source: IDC, 2020

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