About Mynt
Mynt is a company based in Cabanatuan City (Philippines) founded in 2015. It operates as a FinTech. Mynt has raised $475 million across 4 funding rounds from investors including Ant Group, Warburg Pincus and Mitsubishi Corporation. Mynt offers products and services including GCash, Fuse, Ryse, and Digico. Mynt operates in a competitive market with competitors including MoneyGram, GCash, Salmon, Ascend Money and CarePay, among others.
- Headquarter Cabanatuan City, Philippines
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mynt
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Annual Revenue
$78.79 M (USD)105as on Dec 31, 2024
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Net Profit
$6.57 M (USD)42as on Dec 31, 2024
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EBITDA
$5.55 M (USD)17as on Dec 31, 2024
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Total Equity Funding
$475 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Ant Group
& 7 more
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Employee Count
Employee Count
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Products & Services of Mynt
Mynt offers a comprehensive portfolio of products and services, including GCash, Fuse, Ryse, and Digico. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An e-wallet service is provided for financial inclusion.
Lending solutions are offered to empower economic growth.
Financial products are made accessible for Filipino success.
Digital solutions are provided to enhance business growth.
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Software Development Team
80 people
Sales and Marketing
47 people
Leadership Team
19 people
Head Team
18 people
Operations Team
15 people
Creative and Marketing Team
14 people
Product Management Team
13 people
Legal and Compliance
11 people
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Funding Insights of Mynt
Mynt has successfully raised a total of $475M across 4 strategic funding rounds. 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 Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - Mynt | Valuation | Mitsubishi Corporation |
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| Nov, 2021 | Amount | Series B - Mynt | Valuation | Warburg Pincus , Insight Partners | |
| Jan, 2021 | Amount | Series A - Mynt | Valuation | Bow Wave Capital Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mynt
Mynt has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Ant Group, Warburg Pincus and Mitsubishi Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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African software startups are funded by Amplo venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mynt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mynt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mynt Comparisons
Competitors of Mynt
Mynt 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 MoneyGram, GCash, Salmon, Ascend Money and CarePay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
App-based & card-linked wallet for consumers
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| domain | founded_year | HQ Location |
Business and consumer loans are provided via an online platform.
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| domain | founded_year | HQ Location |
Financial services platform for individuals
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mynt
Frequently Asked Questions about Mynt
When was Mynt founded?
Mynt was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Mynt located?
Mynt is headquartered in Cabanatuan City, Philippines. It is registered at Cabanatuan City, Nueva Ecija, Philippines.
Who is the current CEO of Mynt?
Martha Sazon is the current CEO of Mynt.
Is Mynt a funded company?
Mynt is a funded company, having raised a total of $475M across 4 funding rounds to date. The company's 1st funding round was a Series A of $175M, raised on Feb 17, 2017.
What is the annual revenue of Mynt?
Annual revenue of Mynt is $78.79M as on Dec 31, 2024.
What does Mynt do?
Mynt is engaged in delivering innovative financial services through technology in the Philippines. Various solutions such as GCash for e-wallet services, Fuse for lending, Ryse for accessible financial products, and Digico for digital business solutions are offered. The focus is placed on building an inclusive financial ecosystem for Filipinos, covering sectors like digital payments and lending. Support is extended to both individuals and businesses to foster economic growth and financial security.
What products or services does Mynt offer?
Mynt offers GCash, Fuse, Ryse, and Digico.
Who are Mynt's investors?
Mynt has 8 investors. Key investors include Ant Group, Warburg Pincus, Mitsubishi Corporation, Ayala, and Amplo.
What is Mynt's valuation?
The valuation of Mynt is $2B as of Nov 2021.
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