FinTech startups in Philippines
There are 671 FinTech startups in Philippines which include Coins.ph, PDAX, Salmon, GCash, UNO Digital Bank. Out of these, 113 startups are funded, with 45 having secured Series A+ funding, and 2 achieving unicorn status.
Over the past 10 years, an average of 32 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard Business School, Stanford University and Harvard University.
Here is the list of top FinTech startups in Philippines
1. Coins.ph
Coins.ph is a digital wallet for Bitcoin assets. Allows users to transfer cash, bill payments, and phone recharge. It enables merchants to accept payments for multiple goods and services. It also facilitates buying and selling of Bitcoins.
Key facts about Coins.ph
- Founded Year: 2014
- Location: Pasig (Philippines)
- Stage: Acquired
- Total Funding till date: $40M
- Investors: Naspers, Ribbit Capital and 15 Others
- Latest Funding Round: Series C, May 19, 2022, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 4 of 2,597 Competitors
2. PDAX
PDAX is an online exchange platform for cryptocurrencies. Allows users to buy, sell, and manage cryptocurrencies and utility tokens. Supports Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
Key facts about PDAX
- Founded Year: 2017
- Location: Makati (Philippines)
- Stage: Series B
- Total Funding till date: $62.5M
- Investors: Tiger Global Management, Ripple and 13 Others
- Latest Funding Round: Series B, Feb 10, 2022, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 4 of 4,437 Competitors
3. Salmon
Key facts about Salmon
- Founded Year: 2022
- Location: Taguig (Philippines)
- Stage: Series A
- Total Funding till date: $83M
- Investors: IFC, Spice and 7 Others
- Latest Funding Round: Conventional Debt, Jun 17, 2025, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 13 Competitors
4. GCash
App-based & card-linked wallet for consumers. It offers services such as money transfers, bill payments, remittance, wallet topup, QR-based payments, book movie tickets, and more. App is available on iOS & Android devices.
Key facts about GCash
- Founded Year: 2015
- Location: Taguig (Philippines)
- Stage: Series D
- Total Funding till date: $175M
- Investors: Bow Wave Capital Management, Warburg Pincus and 1 Other
- Latest Funding Round: Series D, Jan 08, 2021, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 3 of 21 Competitors
Digital banking platform offering users a unified interface to manage various financial needs. It provides users with a digital bank that offers a range of banking services and products to customers. It also provides users with a comprehensive and convenient banking solution for its customers, emphasizing accessibility, security, and financial growth opportunities.
Key facts about UNO Digital Bank
- Founded Year: 2021
- Location: Taguig (Philippines)
- Stage: Series A
- Total Funding till date: $47.5M
- Investors: Creador, Gateway Partners and 20 Others
- Latest Funding Round: Series A, Feb 20, 2024, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 2 of 6 Competitors
