About Tendopay
Tendopay is a company based in Manila (Philippines) founded in 2018 was acquired by TONIK in December 2022.. Tendopay has raised $150 thousand across 1 funding round from investors including TONIK and Iterative. Tendopay offers products and services including Automated Savings, Premium Insurance, Financial Management, Financial Assistance, and Bills Payments. Tendopay operates in a competitive market with competitors including Akulaku, PayJoy, Billease, Plentina and PayRemit, among others.
- Headquarter Manila, Philippines
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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
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- Legal Name Templetech Finance Corp
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Products & Services of Tendopay
Tendopay offers a comprehensive portfolio of products and services, including Automated Savings, Premium Insurance, Financial Management, Financial Assistance, and Bills Payments. 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.
Platform for earning interest on savings up to 6 percent annually.
Variety of insurance products for employees and relatives.
Tools to track budgets and maintain financial health.
Provides salary advances and installment purchases at zero percent interest.
App for tracking and paying recurring bills with discounts.
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Funding Insights of Tendopay
Tendopay has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in June 2020. 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 1
- Last Round Seed — $150,000
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First Round
First Round
(01 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Seed - Tendopay | Valuation | Iterative |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Tendopay
Tendopay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TONIK and Iterative. 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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Early-stage tech startups are funded and accelerated by Iterative.
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Founded Year | Domain | Location | |
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Digital banking solutions for individuals are provided by TONIK.
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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 Tendopay
| 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 - Tendopay
| 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 |
Tendopay Comparisons
Competitors of Tendopay
Tendopay 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 Akulaku, PayJoy, Billease, Plentina and PayRemit, 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 |
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| domain | founded_year | HQ Location |
Point-of-sale financing is provided for various consumer products via installments.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Point-of-sale financing is enabled via an online installment platform.
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Online platform for purchase financing
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Operates an app-based platform for cross-border payments targeted at migrant workers.
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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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On-demand services are booked through an app-based platform.
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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 Tendopay
Frequently Asked Questions about Tendopay
When was Tendopay founded?
Tendopay was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Tendopay located?
Tendopay is headquartered in Manila, Philippines.
Is Tendopay a funded company?
Tendopay is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Jun 01, 2020.
What does Tendopay do?
Tendopay was founded in 2018 in Manila, Philippines, within the fintech sector. An app-based solution is provided for point-of-sale financing, allowing users to select it as a payment option during online purchases. Transactions are divided into customizable installments based on user needs, with flexible purchase limits applied. The application is accessible on both Android and iOS platforms, supporting buy-now-pay-later arrangements.
Who are the top competitors of Tendopay?
What products or services does Tendopay offer?
Tendopay offers Automated Savings, Premium Insurance, Financial Management, Financial Assistance, and Bills Payments.
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