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Mynt Secures $300M In Funding From Lead Investors Warburg Pincus, Insight Partners And Bow Wave

Nov 02, 2021•almost 4 years ago

Amount Raised

$300 Million

Manila

Description

Mynt, the Philippines' #1 digital financial solutions provider and the company behind the popular GCash payment services app, has raised over $300 million in funding, valuing Mynt at over $2 billion. This solidifies its status as the Philippines' only unicorn, and as one of the leading fintech companies in Southeast Asia. The investment round was led by global investment giant Warburg Pincus, New York-based global private equity and venture capital firm Insight Partners, and Bow Wave Capital, one of Mynt's existing investors. The round also includes participation from Itai Tsiddon and Amplo Ventures as well as capital from Globe and Ayala.

Company Information

Company

Mynt

Location

Manila, National Capital Region, Philippines

About

GCash is the #1 Financial App in the Philippines. Through the GCash App, customers can easily purchase prepaid airtime; pay bills at over 600 partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 3M partner merchants and social sellers; and get access to savings, credit, insurance and invest money, all at the convenience of their smartphones. GCash has been a wholly owned subsidiary of Mynt (Globe Fintech Innovations, Inc.) since 2015. GCash was recognized by The Asian Banker (TAB) in 2021 for its outstanding digital financial inclusion programs, which impact more than 48 million Filipinos in the country today. To know more about Mynt, visit https://www.mynt.xyz.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech