About Advance
Advance is a company based in Taguig (Philippines) founded in 2019 by Addi Guevara, Stef Lim, and Jaime de los Angeles. It operates as a FinTech. Advance has raised $16 million across 2 funding rounds from investors including Wavemaker Partners, Accion and Lendable. Advance offers products and services including Business Advance Direct Disbursement, Business Advance Payroll Disbursement, and Salary Advance. Advance operates in a competitive market with competitors including GoAdvance, among others.
- Headquarter Taguig, Philippines
- Founders Addi Guevara, Stef Lim, Jaime de los Angeles
- SectorsFinancial Services
- Email••••••••
- Website advance.ph
- Social LinkedIn Facebook
- Legal Name Advance Tech Lending Inc.
- Total Equity Funding$16M (USD)
in 2 rounds
- Latest Funding Round$16M (USD), Seed
Mar 2023
- InvestorsWavemaker Partners
& 11 more
Products & Services of Advance
Advance offers a comprehensive portfolio of products and services, including Business Advance Direct Disbursement, Business Advance Payroll Disbursement, and Salary Advance.
Funds are unlocked from delayed receivables for businesses.
Timely payroll is ensured with working capital solutions.
Financial security is provided to employees through credit.
Funding Insights of Advance
Advance has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $16 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16M
- Total Rounds 2
- Last Round Seed — $16M
- Investors Count 12
All 2 funding rounds of Advance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $16M | Seed | – | Do Ventures, Lendable | |
| May 2020 | – | Seed | – | Next Billion Ventures |
12 investors in total: 12 institutional.
Investors in Advance
Advance has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Wavemaker Partners, Accion and Lendable.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital firm focused on early-stage startups in Vietnam. | – | doventures.vc | Ho Chi Minh City, Vietnam | |
Venture capital-backed startup studio focused on healthcare, food, eCommerce, and multiple sectors | – | kayafounders.com | Makati, Philippines | |
- | – | foxmontcapital.com | - | |
Tech startups are funded by Oyster Ventures venture capital firm. | – | oyster.vc | San Francisco, United States | |
Cross Ocean Ventures is recognized as an early-stage investment fund supporting international founders. | – | crossoceanfund.com | San Diego, USA | |
Investments in early-stage technology companies are made by Wavemaker Partners. | 2003 | wavemaker.vc | Los Angeles, United States | |
Venture capital firm focused on financial services and digital healthcare | – | integrapartners.co | - | |
- | – | phoenixholdings.com.vn | - | |
- | – | nextbillionvc.com | - | |
Working capital loans are provided to businesses by Lendable. | 2015 | lendable.io | New York, United States |
Investor details for Advance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Advance
25 people are tracked at Advance (10 in leadership, 15 in team).
| Name | Role | Group |
|---|---|---|
Addi Guevara | Co-Founder | Leadership |
Stef Lim | Co-Founder | Leadership |
Jaime de los Angeles | Co-Founder & CEO | Leadership |
Enzo Doromal | Chief Technology Officer | Leadership |
David Tran | Country Head | Leadership |
Trichie de Vera | Head of Customer Success | Leadership |
Stefanie Lim | Chief Operating Officer | Leadership |
Lou Daria-Urao | Partner Engagement Manager | Leadership |
Azalea A. | Head Of Operations | Leadership |
Cuong Nguyen | Head Of Business Development | Leadership |
Jianne Gabriel | Junior Front End Developer | Team |
Kenneth Von Noah Cruz | Engineering Manager | Team |
Vina Marie Bandoy - Eleosida | Customer Success Manager | Team |
Sydney Pauline Cargando-Entor | Sr. Customer Success Manager | Team |
Maryjo Gutierrez | QA Technical Lead | Team |
Thao Nguyen | Human Resources Executive | Team |
Michelle Sarenas | Credit Officer | Team |
Maria Regina Therese Pielago | Mid-level Software Developer | Team |
Honey Mea E. | Operations Manager | Team |
Zhairmagne Joi Isorena | QA Analyst | Team |
5 more people are available in the full profile.
Complete people profiles for Advance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Advance
3 dated milestones of Advance across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Advance is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $16.0M.
Competitors of Advance
Advance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GoAdvance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goadvance.cash | 2018 | Makati, Philippines | – | – | Delivers a reliable salary advance solution for employees. |
Detailed competitors of Advance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Advance
The website of Advance (advance.ph) receives about 6.5K visits a month.
- Monthly visits6.5K
▲ 74.2% vs previous month
Websites whose visitors overlap most with Advance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cashcat.ph | 100% | – | #3,755,239 | View details | |
acom.com.ph | acom.com.ph | 93% | – | #210,609 | – |
| savii.io | 91% | 38K | #554,209 | View details | |
| juanhand.com | 28% | 70K | #640,593 | View details | |
| asteria.com.ph | 26% | – | #5,470,680 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Advance
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Advance
Complete news archive for Advance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Advance
10 companies that operate in the same segment as Advance (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Advance
Advance was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Advance is headquartered in Taguig, Philippines. It is registered at Taguig, National Capital Region, Philippines.
Jaime de los Angeles is the current CEO of Advance. They have also founded this company.
Advance is a funded company, having raised a total of $16M across 2 funding rounds to date.
Working capital credit lines are offered by Advance to businesses in the Philippines to bridge cash flow gaps and manage financial obligations. Solutions such as Business Advance Direct Disbursement and Payroll Disbursement are designed to support small and medium enterprises as well as large corporations. Additionally, Salary Advance is provided as an employee benefit to ensure financial wellness. The company operates in the FinTech sector, focusing on innovative lending platforms across Southeast Asia.
Advance's top competitors include GoAdvance.
Advance offers Business Advance Direct Disbursement, Business Advance Payroll Disbursement, and Salary Advance.
Advance has 12 investors. Key investors include Wavemaker Partners, Accion, Lendable, Do Ventures, and Kaya Founders.
Advance operates through Advance Tech Lending Inc..