This article showcases our top picks for the best Philippines based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Philippines Fintech (Financial Technology) Companies
Mynt is a FinTech startup wholly-owned by Globe Telecom. Mynt’s five key services include payments, remittance, loans, business solutions, and platforms.
Mynt invents new solutions to solve important problems, perfecting those solutions, and delighting its customers.. .
PayMongo is providing modern payments for forward-thinking businesses. It helps businesses in the Philippines accept online payments from multiple channels fast and easy, in just minutes.
It aims to become the invisible engine of commerce that gives everyone the opportunity to participate and succeed in the rapidly transforming digital economy. The company was founded in 2019 by Francis Plaza, Luis Sia, Jaime Hing, and Edwin Lacierda..
Coins.ph is a Blockchain-backed platform that provides consumers with direct access to banking and digital payment services, local and international remittances, bill payments, game credits, and online shopping. It makes money transfer frictionless and accessible through the use of mobile devices and Blockchain technology.
Founded in 2014, Coins.ph’s mobile wallet empowers customers and small businesses by giving them direct access to financial services.. .
PDAX | Philippine Digital Asset Exchange
PDAX is the first order-book based digital currency exchange in The Philippines that enables users to buy, sell, trade and digital assets such as Bitcoin against the Philippine Peso. Its trade matching engine ensures liquidity and globally competitive prices in a market that has historically been too costly for the average Filipino to access.
For more information please visit pdax.ph.. .
First Circle exists to radically improve the course of opportunity for SMEs across South East Asia; to help business owners achieve growth beyond their wildest dreams; to expand their First Circle past their family and friends. They are creating great technology which allows us to bring together the best businesses.
We provide them with the funding and support they need to grow for many years to come. They do this with a simple online account, advanced data analytics, dedicated customer success representatives, and a community of business owners complete with a host of useful resources..
UnionBank of the Philippines
Union Bank of the Philippines (UnionBank) is a publicly-listed universal bank. The Bank distinguishes itself through superior technology, unique branch sales and service culture, and centralized backroom operations.
UnionBank’s superior technology allows delivery of online, real time business solutions to meet the customers’ changing and diverse needs through innovative and customized cash management products and service offerings. The Bank’s unique branch culture ensures efficient and quality service as well as mitigates operational risk.
Its centralized operations enables the Bank to provide responsive, scalable, and secure transaction processing.. .
Uploan is a fintech company operating in South East Asia which provides a end-to-end “Salary Loan Management Platform” to employers. Uploan’s mission is to build a financially inclusive world with access to economic opportunities for all.
We leverage people employment history and HR data to provide them with better credit scores and conditions. We serve our customers by providing fast, convenient and affordable financing through the use of technology.
The company was founded early 2017 by a British citizen, former IFC (International Finance Corporation) top-executive. Since then, we have built a leadership team with deep experience in finance, management and technology, with proven track-records in fast growing environments in Europe and Asia.
Thanks to a strong market-fit, over the last 12 months, we have sustained a significant 25% month-on-month growth and reach profitability. Our team of 100+ people is a mix of Filipinos and Europeans, and we are constantly investing to build out our tech product, hiring key profiles and forging partnerships that will prepare us to scale our business by 10x as we expand across Philippines and SE Asia..
Ayannah is a leading provider of digital financial services to the world’s emerging middle class, most of whom are migrants or unbanked coming from the base of the pyramid. For unbanked residents in emerging markets, they provide affordable and accessible digital commerce and payment services to spur financial inclusion and literacy, and give access to products and services that improve quality of life.
For unbanked migrants, they provide greater control over their hard-earned remittances by helping them find better ways to support their beneficiaries in their home countries. They have built and operate a stack of innovative digital financial services from payments, commerce and analytics on the social and mobile web.
They have enabled millions of online and mobile transactions. They have a great team of seasoned veterans and young innovators in web and mobile application development.
More importantly, they have a growing and loyal customer base around the world providing us with recurring and quality revenue streams.. .
Its business to small and medium enterprises (SMEs) looking to boost cash flows. thereby answering an unsolved business need.
The service Acudeen provides through facilitating an invoice factoring procedure is a dynamic solution that can be utilized to improve and develop companies to help reach business potential. The quality of the service is backed by robust framework embedded on consumer satisfaction and experience..
PawnHero – the 1st online pawnshop in Southeast Asia, will solve this problem of expensive credit and interest rates. We provide an easy, fair and convenient way of overcoming short-term cash needs.
This is a completely new way of doing business in the industry, truly revolutionary, created by genuine visionaries.. .
JAZZYPAY is a web and mobile app that enables customers to pay Clinics, Hospitals, and Schools directly using Credit Cards, Debit Cards, Online Banking, Digital Wallets, and Over-the-counter cash deposits. Our vision is to provide world-class unified payment gateway and invoicing solutions in the Philippines and other developing countries across Southeast Asia and beyond.
JAZZYPAY, INC. is a company owned by JAZZYPAY GLOBAL PTE.
LTD (“JAZZYPAY GLOBAL”), which is a Singapore based company invested by RAKUTEN (Japan), TechStars (US), and Cocoon Capital (Singapore). JazzyPay Inc is also a registered Operator of Payments System (OPS) regulated by Bangko Sentral ng Pilipinas (BSP)..
TendoPay is an installment solution for online shopping in the Philippines. TendoPay is working on the financial inclusion of the underbanked in the Philippines.
Our product is the perfect way to spread the cost of online purchases in a country where e-commerce is limited to Cash on Delivery as a means of payment.. .
Satoshi Citadel Industries
Satoshi Citadel Industries Inc. is a FinTech startup company that builds Bitcoin solutions to reduce the costs of using and transferring money.
The company’s products include Rebit.ph: a rebittance site; Bitbit: an e-wallet; BuyBitcoin.ph: a consumer exchange to buy, sell, and learn about Bitcoin in the Philippines; Bitmarket.ph: a Bitcoin payment processor; and Prepaid Bitcoin Cards: a solution that enables people to purchase Bitcoin cards and load up their Bitcoin wallets. Satoshi Citadel Industries Inc.
was founded by [Miguel Cuneta](https://www.crunchbase.com/person/miguel-cuneta), [Jardine Gerodias](https://www.crunchbase.com/person/jardine-gerodias), and [John Bailon](https://www.crunchbase.com/person/john-bailon-2) in 2014 and is based in Manila, Philippines.. .
Y Finance Inc.
LoanChamp is the loan arm of Y Finance Inc. established near the end of 2017.
LoanChamp is an online lending platform geared towards financial inclusion for all Filipinos. With a team of international banking professionals, FinTech pioneers, and local financial consultants, LoanChamp is all about breaking boundaries on access to Financial Technology, giving Filipinos better options to enhance their quality of life..
FairMarket Exchange Corporation
FairMarket Exchange Corporation Our company was founded in 2020 based on our passion for finance, and blockchain technology. Our team has extensive experience with both traditional finance, money remittances, economics and digital assets.
Our management team understands exactly how to craft products that will bring utility and value to an incredible user experience. We like to listen to our users and supporters.
This mindset gives us long term relationships where we solve problems and develop products designed for the future of our society.. .
Salarium is an end-to-end payroll platform working to provide global cross-border payroll services. Providing time & attendance, expense reimbursement, computation, disbursement and compliance either for companies to work in-house or with partners for fully outsourced solutions.
Currently offering payroll services in the Philippines.. .
Sometimes, unexpected expenses come up and you need some extra cash. With Lendeez you can borrow from your friends and family easily and quickly! Lendeez lets you choose your own terms to pay back the loan: How many payments do you need in order to return the money? Do you want to pay interest? How much? You send these terms to people from your social network, and they decide how much to contribute to your loan.
Lendeez takes it from here: It’s easy, safe and managed. No more awkward reminders! The funds are transferred digitally so it’s convenient for both sides.
Lendeez builds your own credit score, which then affects your future loan requests and limitations.. .
Metrobank is a financial service company that offers banking services to large local and multinational corporations. It also provides financial and banking services and products including commercial, consumer banking, corporate, as well as remittances, investment banking, credit card, trust banking, and leasing.
Metrobank became the first of the private banks to move into American territory when it opened its office in Guam. It established its own credit card company, Unibancard Corporation (now Metrobank Card Corporation) in 1986.
In 1981, Metrobank was listed in the Philippine Stock Exchange and acquired its universal banking license, gaining significant equity ownership in local and international subsidiaries. Metrobank was named Best Commercial Bank in the Philippines, Global Banking & Finance Review in 2015 and received the CFO Innovation Awards for Best Cash Management Provide in 2014.
Metrobank was founded on September 5, 1962, and is headquartered in Makati City, Manila, Philippines.. .
FinScore is an alternative credit scoring company that is powered by telco data and advanced analytics. Our credit scoring models and platform and fraud detection solutions help financial institutions reduce defaults, increase approval rates and combat fraud, while simultaneously empower more than 60 MILLION individuals achieve better financial inclusion through tapping non-traditional identity attributes.
Our mobile data credit scoring in the Philippines allows institutions to offer better services to existing customers, attract new ones, and approach untapped market segments. Through our Telco Scoring model, in parternship with leading telecom providers, we provide insights based on 400+ variables, including call patterns, transactions, social circle, location, loyalty, and profile.
As of May 2020, more than 2,300,000 successful credit scores have been delivered to Philippines-based financial institutions – p2p lenders, consumer lenders, commercial & digital banks, rural and thrift banks, credit bureaus, making the company the leading alternative data credit scoring provider in the country. Awarded as 2020 Fintech Startup of Year by The Asset Triple A Awards.
Cashalo’s fintech solutions are designed to create unprecedented value for its customers and merchant partners. Through its mobile-app, Cashalo provides millions of underserved and underbanked Filipinos with access to fast, transparent and secure access to credit – anytime, anywhere! This empowers more hardworking Filipinos to build financial identities, improve their financial health and realize their potential by enabling them to participate in the formal economy.
For our merchant partners, Cashalo’s technology and services unlock unprecedented economic value by enabling access to a vast untapped consumer base and is proven to have an immediate impact on conversion rates and sales by over 20%. As a proud Filipino company, deeply committed to improving the financial well-being and health of every person, Cashalo is investing heavily to build and scale grassroots financial literacy programs across the country in line with its vision to be the engine driving financial inclusion for the Philippines..
Moola Lending Corporation is a Philippine-based financial technology company powered by the Doctor Cash international line of fintech companies and focused in online micro- and consumer financing, one of the first to offer online loans in the Philippines. Moola Lending provide instant and premium financial solutions in response to the everyday and immediate financial needs of the Filipino people – without any collateral requirements, complex approval procedures, or long waiting time.
Other companies in the Doctor Cash line include Doctordong.vn (Vietnam), Drrupiah.com (Indonesia) and Doctorringgit.my (Malaysia). Moola Lending offers an innovative, seamless and fast approach to consumer loan products, allowing us to adapt to your varying needs – serving you with high business ethics and transparency..
Future Penny is a robo-advice platform that advises users how to plan their financial lives. It provides information across a broad range of areas including budgeting, superannuation, insurance, estate planning, and investments.
Future Penny is expected to create a big opportunity for banks to consider how they can provide online advice to not only their customers but also directly to their employees.. .
Navegar is a private equity fund that invests exclusively in Philippine companies. It is managed by Nori Poblador and Javier Infante in partnership with Brummer & Partners, a leading European alternative asset manager.
The fund’s investment team is based in Manila. Navegar provides growth capital to established businesses, with a target investment size up to PHP 1 billion.
In addition to investing capital, Navegar seeks to maximize the value of its portfolio companies by providing financial, operational and strategic guidance. The fund’s investors include development finance institutions and European family offices and has over PHP 5 billion in committed capital..
PearlPay is a Philippine-based Fintech company offering affordable and secured end-to-end banking solutions. PearlPay’s mission is to create a unified payment network in the Philippines.
They believe that all Filipinos should have access to world-class and up-to-date technological solutions to save their time and money and connect better with their loved ones. It was founded in 2018 and is headquartered in Manila, Philippines..
Snapcash Lending is a fintech startup delivering transparent services and products to the micro-lending market. They believe every customer deserves access to credit and build credit history no matter who they are and their circumstances.
It was incorporated in 2019 and is based in the Philippines.. .
Vesl Trade Finance
Vesl Trade Finance is an information technology company that provides a software platform that connects lenders and businesses. Its platform features insurance, financing marketplace, and risk management metrics.
Vesl Trade Finance provides solutions for insurers, reinsurers, and brokers. The company was founded in 2017 and headquartered in Pasig, Metro Manila, Philippines..
PesoPay is a comprehensive and secure online payment gateway. It offers solutions and technologies to banks, payment service providers, and merchants, partnering with international card associations, banks, payment companies, and debit cards all over Asia.
The company was founded in 2000 and is based in Makati, Manila, Philippines.. .
First Digital Finance
First Digital Finance is a Fintech company based in Manila, Philippines. Their mission is to drive financial innovation in Philippines.
They leverage the most up to date technology to decrease operational cost and improve efficiency to bring their customers better, more affordable products. Their founders are a team of experienced professionals with both local and international experience in banking, consulting and technology..
JustPayto is a technology company that enables digital payments and money transfers for individuals and businesses. JustPayto offers convenient inter-bank, inter-institution, inter-platform, inter-currency money transfers.
The company creates a frictionless ecosystem with any bank, any financial institution, and any e-wallet. The company makes traditional cash-based and digital cash-less payment methods work together – credit/debit cards, bank fund transfer, online banking, over-the-counter, e-wallet, and cryptocurrency.
JustPayto is a money transfer platform that provides inter-bank, inter-platform, and inter-currency transactions, merging traditional and digital forms of financial services. JustPayto provides a platform for cash-based and cash-less transactions and financial services.
JustPayto’s online payment platform connects to payment methods across the world. Payment methods include international credit cards, local cash-based methods, and internet banking methods.
The technology platform acts as a payment aggregator, payment gateway, payment service provider and offers technology solutions to digitize bank offerings such as escrow, loans, and business services. JustPayto is built on the existing financial infrastructure of bank accounts and credit cards to create a global, robust, and reliable money transfer solution.
JustPayto delivers a product ideal for the banked, unbanked, and underbanked. The company’s combined payment solutions, including its Payment Address, Payment Page, Pay Button, Invoicing, QR Codes, Mass Payouts, Cash Card, Mobile Apps, Escrow, Logistics, Payment Gateway, Developer API and Business Services, compose its ecosystem, built on top of its Payments Platform.
Rebit.ph is a service of Satoshi Citadel Industries, a Philippine-based holdings company for Bitcoin-related ventures. It is our mission to further the growth of the Bitcoin network in the Philippines, by providing universal access to otherwise inaccessible financial services, enabling unemcumbered participation in the internet economy regardless of the size of your bank account, and fostering innovation without permission from central authorities.
The Philippines is the second largest recipient for remittances in Asia, with a total of US$26 billion transferred in 2013. The lion’s share of these remittances are enabled by conventional banks and money transfer agents, which charge hefty fees for international transactions.
Rebit aims to provide a comparable service at a significantly lower rate by leveraging the superior process that the Bitcoin platform enables. We strive for total transparency in both our business model and service fees, and offer the best BTC-to-PHP payout rates in the Philippines.
Our delivery options include forwarding to most local banks, as well as the most popular pawnshops and payment centers.. .
Pure Market Broker
Pure Market Brokers’ mission is to provide you the best possible trading environment so that you can focus on trading and become successful with us. Pure Market has been built by traders for traders.
Pure Market Brokers’ management has trading experience that goes back to 1999 and has successfully traded on all major financial markets in Europe.. .
Jumpstarting Philippine SMEs to digital world. Peddlr accelerates the ease of doing business online by eliminating entry barriers for micro and small business to perform digital transactions.
Our smart POS app allows the user to request and collect online and offline orders, request and send payment link, and protects online buyers and sellers with our escrow “SafeBox” link.. .
CoinDrop is a financial services platform powered by the ultimate wallet . Provides access to various financial verticals chosen by Enterprise HR to selected employees.
Employees are registered in the system have automatic access to the platform through their Company HR portal or the Coindrop App and Website.. .
VMoney Inc is a financial technology company that develops, operates, and markets payment processing solutions. The company’s solutions provide a financial transaction platform that enables businesses and consumers to instantly access, send, or receive money.
VMoney was founded with the initial drive towards catering to the needs of the Overseas Filipino Worker (OFW). Its interface enables users to make payment transactions across the board as it has expanded its reach in market and usability beyond OFW’s to merchants, travelers, government agencies, and the local online consumer.
VMoney Inc was founded in 2013 and is headquartered in Philippines.. .
EduCredit.ph is a financial institution that offers tuition fee finance and equipment leasing. They provide productive credit to fund tertiary education studies and related costs to the most talented individuals in the Philippines.
They believe that education has the power to transform the lives of millions and also that it is possible to build a commercially profitable business while doing well for others. EduCredit.ph’s mission is to change the lives of millions of Filipino students by empowering them through financing their college education and by providing them the critical skills necessary to flourish in the modern world.
EduCredit.ph was founded in 2018 and is based in Bonifacio Global City, Taguig, Philippines.. .
Metrobank Card Corporation (A Finance Company) [MCC], known then as Unibancard Corporation, was established in August 1985. Its maiden product was Unicard, a single currency credit card accepted in key establishments in the Philippines.
Over the years, Unicard evolved from a locally accepted card to an internationally recognized credit card when it rode on the MasterCard scheme in 1994 and the Visa scheme in 1998. In October 2003, Australia and New Zealand Banking Group Limited (ANZ) entered into a joint venture with Metropolitan Bank and Trust Corporation (MBTC) for the cards operation business of MCC.
Metrobank Card Corporation offers a range of credit card products suitable to meet the needs of the Philippine Market. Cardholders enjoy increased spending power and international purchasing convenience with acceptance in over 40 million establishments worldwide.
Their credit card products offer flexible payment schemes, installment programs, perks and privileges that allow cardholders to get maximum value for their money.. .
Electronic Network Cash Tellers, Inc. (ENCASH), is the first independent ATM deployer (IAD) in the Philippines.
Based in Makati, ENCASH provides ATM services to rural banks, cooperatives and MFIs. Its products enable these financial institutions to provide commercial bank-grade ATM services to the countryside.
Cardholders residing in rural areas benefit greatly from this service because ENCASH provides access to their finances via the ATM.. .
Paywise in Fintech new innovation. Developed using rock-solid blockchain technologies aims to deliver fully integrated secure financial and payments that enables B2B and B2C end-to-end payments capabilities.
It is a trusted payment platform which provides a secure and convenient solution that empowers the organization to offer financial and payment services. It is composed of fundamental solutions that suit every business’ needs to accelerate time to operate, reduce risk, grow revenues and control costs.
It is a set of technologies and a structure that arrange all aspects of financial services and processing.. .
IntelMutya Consortium Corporation
IntelMutya is a tech company focused on research and development as well as business management and marketing consulting. Over the years, the company has developed systems for travel, bills payment, remittance services, banking, and other platforms.
The company aims to innovate its offering through its fintech division. The founder was well-known as an Internet Consultant in the field for almost 8 years.
The company offers a wide array of web services on all aspects of business application in the internet world such as Web Strategy, E-Business Consulting, Web Development (Programming and Project Management), Web Design, Business App Development, Database Programming, Internet Marketing, Content Development, Graphic Designs, Video and Audio Making/Editing, and other aspect on the Internet and Web including Research and Development (R&D). IntelMutya is currently developing a new fintech platform that will solve the major problem of financial institutions in the Philippines in terms of Fund Transfer between small banks and commercial banks, easy and affordable remittance on both local and international transactions, and convenience of small banks’ clients to pay their bills in a most cost-effective way.
After its research and development (R&D), integration and investors funding, the project will be launch and will be incorporated. IntelMutya envisions its consortium to be successful during its first decade in business and the upcoming decades of its existence..
Libra Investment Services
Libra Investment Services is a regulated advisory firm that operates a systematic equity valuation product. Libra provides a partnership with its award-winning team to ensure to get the best out of Apollo.
This partnership leverages that for clients, in order to produce extraordinary value The company operates Apollo, a solution that provides an evaluation of expected return opportunities and risk of loss, which is central to the Apollo investment ethos. This enables users to address and rank investment opportunities within portfolios and watchlists.
Libra Investment Services was founded on 2010 and is headquartered in London, England.. .
Oroscas is an online platform that enables people without credit cards to get interest rates on installment purchases. The platform allows users to view, track, and manage pooled savings with friends.
The company was founded in 2014 and is headquartered in the Philippines.. .
LoyalChain is a loyalty points solution, including blockchain, platform and applications. They make it easy for companies to move loyalty points onto our digital asset platform.
Your clients can convert points to other loyalty programs, local currencies, USD, Amazon Gift Cards, Paypal, and more.. .
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