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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Report of Philippines FinTech Startups !Philippines Digital Marketing Overview!
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101.47 m
Popula'on
46.45%
InternetPenetra'on
@44%
56%
Urban Rural
Urbaniza'on
48 m
Ac'veSocialMediaUsers Ac'veMobileSocialUsers
41 m
TheFilipinodailyspend
5.2hoursontheInternet.
Source:WeAreSocial
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Report of Philippines FinTech Startups !Philippines Digital Marketing Overview!
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26%
23%
17%
16%
14%
13%
12%
11%
9%
9%
Facebook Messenger
Google|
Skype
Viber
TopAc'veSocialPla>orm
87%
55%
43%
24%
8%
5%
5%
Mobile Phone
Smartphone
Laptop/Desktop
Tablet
TV Streaming
E-reader
Wearable Tech Device
DigitalDeviceOwnership
Source:WeAreSocial
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Report of Philippines FinTech Startups !Global Index!
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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 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
Report of Philippines FinTech Startups !Overview!
Powered by!
@FintechSIN!
Powered by!
meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!Lending! Powered by!
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!Lending! Powered by!
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!Lending! Powered by!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
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!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!Online Wealth Management! Powered by!
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!Online Wealth Management! Powered by!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!Data Management! Powered by!
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!Data Management! Powered by!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!Money Transfer! Powered by!
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!Money Transfer! Powered by!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!Mobile Payment ! Powered by!
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!Mobile Payment ! Powered by!
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!Mobile Payment ! Powered by!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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!Payment Gate! Powered by!
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!Payment Gate! Powered by!
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!Payment Gate! Powered by!
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!Payment Gate! Powered by!
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meetup.com/Fintech-Vietnam-Meetup/!
@FintechVN!
Philippines
FinTech Startup Report!
August 2016LENDING!
BITCOIN/BLOCKCHAIN!
MPOS/PAYMENT GATE!
CROWDFUNDING!
PERSONAL FINANCE MANAGEMENT!
MOBILE PAYMENT!
OVERVIEW!
DATA MANAGEMENT!
MONEY TRANSFER!
Agenda!
ONLINE WEALTH MANAGEMENT!
COMPARISON SITES!
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 [email protected]