Philippines Fintech Startup Report

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Philippines FinTech Startup Report
August 2016

IN THE WORLD
Population: 102.3 Million
GDP: $369.188 Billion nominal
(2016 est.)
Internet Penetration: 46.45%
Remittance:
•  2014 - 28 Billion $
•  2015 - 29.7 Billion $
IN ASIA
Internet Users: 6th
Mobile Penetration: 87%
Smartphone Penetration: 55%
Mobile payment adoption: 1st
Digital Banking Penetration
2014: 13%
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Philippines Digital Marketing Overview!
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101.47 m
Popula'on
46.45%
Internet Penetra'on
@ 44%
56%
Urban Rural
Urbaniza'on
48m
Ac've Social Media Users Ac've Mobile Social Users
41m
The Filipino daily spend
5.2 hours on
the Internet.
Source: We Are Social

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26%
23%
17%
16%
14%
13%
12%
11%
9%
9%
Facebook
Facebook Messenger
Google|
Skype
Viber
Twitter
Instagram
LinkedIn
Pinterest
Wechat
Top Ac've Social Pla>orm
87%
55%
43%
24%
8%
5%
5%
Mobile Phone
Smartphone
Laptop/Desktop
Tablet
TV Streaming
E-reader
Wearable Tech Device
Digital Device Ownership
Source: We Are Social

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Description
With the mission of daily updating the audience what is going on Fintech Industry, Fintechnews.sg works
beyond a blog of Fintech experts. Fintechnews provides Macro- and Micro-economics news related to
Fintech, Fintech events‘ information and other related contents. Some popularly-communicated topics:
Mobile Payment, Personal Finance, Bitcoin, Blockchain, Robo Advisor and Lending.
Category
fintechnews.sg/
philippines
Founded
2014
Topic
FinTech
Media
Fintech Singapore
Website
fintechnews.sg

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Philippines
FinTech Startup
Report!
August 2016
LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!

Overview!
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Website: http://www.lendr.com.ph/ | Location: Pasig City
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.
Lendr!
Lending! Powered by!

Founded: 2015 | Founder: Edgar Morfe | Website: http://lendme.ph/
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.”
Lendme!

Founded: 2014 | Founders: JP Bisson | Website: https://www.loansolutions.ph/ | Location: Cebu City
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.
LoanSolutions!

Founded: 2016 | Director: Francis Angelo Dolojan | Website: https://leverage.ph | Location: Makati City
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.
Leverage!

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meetup.com/Fintech-
Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup
Report!
August 2016
LENDING!
BITCOIN / BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!

Founded: 2014 | CEO: John Bailon | Website: http://www.sci.ph | Location: Makati City
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.
Satoshi Citadel Industries!
Blockchain / Bitcoin! Powered by!

Launch: 2015 | Founders: Nix Nolledo, Manny Ayala & David Margendorff | Website: https://pawnhero.ph/
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
PawnHero!
Online Wealth Management! Powered by!

Founded: 2012 | Website: https://www.roburir.com/
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”.
Robur!

Founded: 2016 | CEO: Mario Jordan Fetalino III | Website: https://www.acudeen.com/ | Location: Makati City
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.
Acudeen!

Founded: 2015 | CEO: Ruel Amparo | Website: https://www.cropital.com/ | Location: Quezon City
Cropital is a crowdfunding platform connecting anyone to help ﬁnance farmers, be it private
investors or individuals who just want to help.
Cropital!
Crowdfunding! Powered by!

Website: http://mynt.xyz/ | Location: Makati City
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.
Mynt!
Personal Finance Management! Powered by!

Founded: 2013 | CEO: Judah Hirsch | Website: https://www.salarium.com/ | Location: Makati City
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.
Salarium!
Data Management! Powered by!

Founded: 2011 | CEO: Jeff Stewart | Website: https://www.lenddo.com | Operation: Philippines
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
Lenddo!

Founded: 2016 | Founder: M. Nazri Muhd | Website: http://myfinb.com | Operation: Philippines
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.
Myfinb!

Founded: 2014 | Founders: Ron Hose & Runar Petursson | Website: https://coins.ph | Location: Manila City
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.
Coins!
Money Transfer! Powered by!

Launched: 2015 | CEO: Ralph Santos | Website: http://e-peso.ph/ | Location: Mataki City
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.
ePeso!

Founded: 2010 | CEO: Angel Mercado | Website: http://www.weepay.com/ | Location: Mataki City
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.
WeePay!

Founded: 2014 | Founder: Mark Vernon | Website: https://tagcash.com/ | Location: Makati City
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
TagCash!
Mobile Payment ! Powered by!

Founded: 2009 | CEO: John Rubio | Website: http://www.banko.com.ph/ | Location: Mataki City
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.
BPI Globe BanKO!

Launched: 2004 | Website: https://www.globe.com.ph/gcash/ | Location: Mataki City
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.
Gcash!

Founded: 2009 | Website: http://smart.com.ph/Money/ | Location: Mataki City
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.
Smart Money!
Mobile Payment! Powered by!

Founded: 2015 | CEO: Orlando Vea | Website: https://paymaya.com/ | Location: Mataki City
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.
PayMaya!
Mobile Payment! Powered by!

Founded: 2014 | CEO: Ray Edison Refundo | Website: http://www.qwikwire.com/ | Location: Mataki City
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
Qwikwire!

Founded: 2010 | Website: http://www.pitaca.com/ | Location: Manila City
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.
Pitaca!
Payment Gate! Powered by!

Founded: 2010 | CEO: Robertson Chiang | Website: https://www.dragonpay.ph/ | Location: Mataki City
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
DragonPay!

Founded: 2006 | CEO: Joseph Chan | Website: http://www.pesopay.com/ | Location: Mataki City
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.
PesoPay!

Founded: 2008 | CEO: Mikko Perez | Website: http://www.ayannah.com | Location: Makati City
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
Ayannah!

Founded: 2014 | Founder: Jonathan Chua & Mariliese Tan | Website: https://www.beamandgo.com/ |
Location: Makati City
BeamAndGo.com provides Philippines and overseas Philippines 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.
BeamAndGo!

Founded: 2015 | CEO: Afra Khan | Website: https://paidup.io | Location: Makati City
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.
Paidup!
Comparison sites! Powered by!

Founded: 2012 | CEO: Dustin Cheng | Website: https://www.zap.com.ph/ | Location: Pasig City
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.
Zap!
Comparison Sites! Powered by!

Contact
Christian König
Fintech Expert
Website fintechnews.sg
Twitter @fintechSIN
Email ck@finanzpro.ch

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