About PayMongo
PayMongo is a company based in Manila (Philippines) founded in 2019 by Jaime Hing III, Francis Plaza, Luis Sia, and Edwin Lacierda.. PayMongo has raised $45.85 million across 4 funding rounds from investors including Stripe, JAM Fund and ICCP SBI Venture Partners. PayMongo offers products and services including Payment Links, Pages, API, QR Ph Standee, and Wallet. PayMongo operates in a competitive market with competitors including Cuanto, ExplaraBiz and TraxionPay, among others.
- Headquarter Manila, Philippines
- Founders Jaime Hing III, Francis Plaza, Luis Sia, Edwin Lacierda
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Paymongo Philippines, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.85 M (USD)
in 4 rounds
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Latest Funding Round
$31 M (USD), Series B
Feb 21, 2022
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Investors
Stripe
& 10 more
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Employee Count
Employee Count
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Products & Services of PayMongo
PayMongo offers a comprehensive portfolio of products and services, including Payment Links, Pages, API, QR Ph Standee, and Wallet. 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.
Enables easy money collection via shareable links for transactions.
Facilitates reusable payment pages without coding for businesses.
Allows seamless addition of payment methods to websites or apps.
Supports quick cashless transactions in physical retail environments.
Manages digital payments and funds for users and businesses.
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Funding Insights of PayMongo
PayMongo has successfully raised a total of $45.85M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $31 million completed in February 2022. 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 Series B — $31.0M
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First Round
First Round
(18 Jul 2019)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - PayMongo | Valuation | JAM Fund , ICCP SBI Venture Partners | |
| Sep, 2020 | Amount | Series A - PayMongo | Valuation | Stripe | |
| Sep, 2019 | Amount | Seed - PayMongo | Valuation | Founders Fund , Stripe |
| 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 PayMongo
PayMongo has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Stripe, JAM Fund and ICCP SBI Venture Partners. 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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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Tech companies are funded by corporate-backed venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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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 PayMongo
| 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 - PayMongo
| 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 |
Paymongo Comparisons
Competitors of PayMongo
PayMongo 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 Cuanto, ExplaraBiz and TraxionPay, 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 |
Mobile commerce solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Provides payment gateway software solutions for secure transactions.
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| domain | founded_year | HQ Location |
Provides digital payment tools, e-wallets, and banking services for businesses in the Philippines.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Paymongo
Frequently Asked Questions about PayMongo
When was PayMongo founded?
PayMongo was founded in 2019.
Where is PayMongo located?
PayMongo is headquartered in Manila, Philippines.
Is PayMongo a funded company?
PayMongo is a funded company, having raised a total of $45.85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.7M, raised on Jul 18, 2019.
What does PayMongo do?
Founded in 2019 and based in Manila, Philippines, PayMongo operates in the fintech sector by providing payment acceptance tools. Businesses are enabled to process transactions via credit cards, e-wallets, bank deposits, and cash. Payment links are generated for distribution through chat, private messages, and SMS. A dashboard is available for monitoring payments, while fraud detection systems are employed to identify and prevent unauthorized activities.
Who are the top competitors of PayMongo?
PayMongo's top competitors include Cuanto, ExplaraBiz and TraxionPay.
What products or services does PayMongo offer?
PayMongo offers Payment Links, Pages, API, QR Ph Standee, and Wallet.
Who are PayMongo's investors?
PayMongo has 11 investors. Key investors include Stripe, JAM Fund, ICCP SBI Venture Partners, Global Founders Capital, and Soma Capital.
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