When was Ongo founded?

Ongo was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is Ongo located?

Ongo is headquartered in Yangon, Myanmar.

How many employees does Ongo have?

As of Jul 01, 2024, the latest employee count at Ongo is 44.

Is Ongo a funded company?

Ongo is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Apr 20, 2017.

When was the latest funding round of Ongo?

Ongo's latest funding was a $***** Series A round on Apr 20, 2017, with participation from 1 investor.

Where does Ongo rank among its competitors?

Ongo ranks 188th amongst 1525 active competitors, of which 166 are funded. The most recent competitor to raise funding was Zilch, which secured $175M in Nov, 2025.

Who are the top competitors of Ongo?

Ongo's top competitors include Grab, PhonePe and MobiKwik. Among them, Zilch secured the most recent funding round in November, 2025.

Ongo - 2026 Company Profile, Team, Funding & Competitors

Company Details

Ongo offers a semi-closed mobile wallet that can be used without linking it to any bank account. users can deposit and withdraw cash from any Ongo Cash Agent. Different features include utility bill payment, airtime top-up, P2P transfer, B2B payments, transaction history etc. The company has partnered with MOB Bank, Myanmar. As of Apr'17, the app is available on Android platform and has around 200 cash agents around Yangon. In Apr'17, the National Bank of Canada (NBC) acquired a 22% shareholding in the company.

Website: ongo.com.mm
Social
Email ID: *****@ongo.asia
Phone Number: +95 **********
Part Of: Ronoc

Key Metrics

Founded Year

2015

Location

Yangon, Myanmar

Stage

Series A

Latest Funding Round

Series A, Apr 20, 2017, $*****

Investors

National Bank of Canada & 1 more

Ranked

188^th among 1525 active competitors

Employee Count

44 as on Jul 01, 2024

Similar Companies

Grab & 1950 more

View Ongo's full profile

Ongo has raised funding over 1 round. Its latest funding round was a Series A round on Apr 20, 2017 for $*****. 1 investor participated in its latest round. Ongo has 2 institutional investors.

Here is the list of recent funding rounds of Ongo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 20, 2017	1935790	Series A	6854566	5413398	6494041	7438970

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View details of Ongo's funding rounds and investors

Ongo's employee count trend

Ongo has 44 employees as of Jul 24. Here is Ongo's employee count trend over the years:

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Top competitors of Ongo include Grab, PhonePe and MobiKwik. Here is the list of Top 10 competitors of Ongo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride, food, mart, and express services	$10.4B	Didi, Tokyo Century & 104 others	88/100
2nd	PhonePe 2012, Bengaluru (India), Acquired	Provider of payment, financial, investment, lending, and related technology services	$1.01B	Walmart, General Atlantic & 27 others	86/100
3rd	MobiKwik 2009, Gurugram (India), Public	Provider of mobile payment solutions, digital financial services, and loan products	$284M	Peak XV Partners, Dosch Pharmaceuticals ... & 125 others	84/100
4th	Paytm 2000, Noida (India), Public	Provider of online payment, recharge, financial, travel, and business solutions	$3.16B	Alibaba Group, Ant Group & 75 others	82/100
5th	FamApp 2019, Bengaluru (India), Series A	Provider of teen and adult spending accounts with UPI and card payments	$42.7M	Global Founders Capital, Y Combinator & 15 others	77/100
6th	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Digital wallet to all age groups for financial independence	$50M	Monashees, VOX Capital & 11 others	75/100
7th	Venmo 2009, New York City (United States), Acquired	App-based digital wallet platform for consumer payments	$1.3M	Betaworks, Accel & 7 others	75/100
8th	MoneyGram 1940, Dallas (United States), Acquired	Wallet-enabled cross-border payment solution for consumers	-	Thomas H Lee Partners, Goldman Sachs & 3 others	75/100
9th	MoMo 2007, Ho Chi Minh City (Vietnam), Series E	Wallet for consumer payments	$434M	Warburg Pincus, Goldman Sachs Investment Partners ... & 12 others	74/100
10th	Mercado Pago 2003, Buenos Aires (Argentina), Series D	App-based wallet for consumer payments	$233M	Goldman Sachs, Citi & 1 others	74/100
188th	Ongo 2015, Yangon (Myanmar), Series A	Semi-closed mobile wallet with agent network	-	National Bank of Canada, Ronoc	43/100