PayMongo operates as a financial technology company. It allows businesses to accept payments of all types. It offers one-time payment links, customizable checkout pages, payments for e-commerce builders, payments for any website or application, e-wallets, and more. The company was founded in 2019 and is based in Taguig City, Philippines.
Research containing PayMongo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned PayMongo in 6 CB Insights research briefs, most recently on Nov 23, 2022.
Expert Collections containing PayMongo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PayMongo is included in 6 Expert Collections, including Payments.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Excludes US-based companies
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Retail Tech 100
The most promising B2B tech startups transforming the retail industry.
Store tech (In-store retail tech)
Latest PayMongo News
Dec 4, 2023
Dec 4, 2023 07:14 AM Paymongo has partnered with another JG Summit Holdings’ banking unit, Robinsons Bank Corp. (RBank), in support of the digitalization of small and medium enterprises’ (SMEs) payments and transactions. Last Nov. 25, Paymongo also announced that it has teamed up with the Gokongwei’s digital bank, GoTyme Bank, for flexbile SME financing. In a statement, PayMongo said the collaboration will help SMEs “by providing simplified and innovative solutions for their digital payment needs.” "Our goal is to empower SMEs in their digital transition. Partnering with RBank as an acquirer solidifies our dedication to providing seamless support for SMEs as they navigate the online landscape,” said Jojo Malolos, CEO of PayMongo. For his part, RBank CEO Elfren Sarte said the partnership with PayMongo aligns with the bank’s digital program for SMEs. “We will offer a robust suite of digital payment solutions, empowering businesses to thrive in the digital economy," he said. Both companies said the alliance should “revolutionize the way SMEs engage in digital commerce by offering straightforward and efficient online transaction solutions.” “By combining PayMongo's advanced technology with RBank's financial expertise, this collaboration seeks to bridge the existing gaps in digitizing businesses, providing comprehensive solutions tailored to the evolving demands of SMEs,” according to the statement. “This partnership will leverage PayMongo's intuitive platform, enabling SMEs to seamlessly accept online payments in a secure environment. Furthermore, RBank's extensive financial services and industry experience will augment the accessibility and reliability of digital payments for SMEs, fostering opportunities for growth and expansion,” it added. As for the previous GoTyme deal, PayMongo and the digital bank agreed to work together to expand SME financing via business loans of up to P500,000 under PayMongo’s merchant ecosystem. The agreement effectively streamlined the loan application process by providing a seamless, two-minute, two-screen journey. The first screen prompts users to input the desired amount and tenor, while the second screen requires confirmation and verification, said GoTyme earlier. PayMongo merchants can also have seamless disbursement and receive the loaned amount in one banking day, depending on the receiving bank’s processing. Other notable features include: flexible term of the loan and transparent pricing; and flexible pay schedule based on your daily sales and unfixed monthly amount. related stories
PayMongo Frequently Asked Questions (FAQ)
When was PayMongo founded?
PayMongo was founded in 2019.
Where is PayMongo's headquarters?
PayMongo's headquarters is located at 26th Street and 11th Avenue, Taguig City.
What is PayMongo's latest funding round?
PayMongo's latest funding round is Series B.
How much did PayMongo raise?
PayMongo raised a total of $45.85M.
Who are the investors of PayMongo?
Investors of PayMongo include Global Founders Capital, Soma Capital, Viva Wallet, Billie, Jam Fund and 13 more.
Who are PayMongo's competitors?
Competitors of PayMongo include Xendit and 1 more.
Compare PayMongo to Competitors
GCash develops a digital payments platform designed to achieve finance for all through accessible easy-to-use and secure digital technology. It offers a micro-payment service that transforms the mobile phone into a virtual wallet for convenient money transfers. It was founded in 2015 and is based in Taguig, Philippines.
Voyager Innovations focuses on digital innovations in the financial technology and ecommerce sectors. The company offers a range of services including online payment solutions, mobile data access, and financial products such as loans and insurance. Its main product is an application based payment account for users to load funds, make purchases, and access financial services. It was founded in 2013 and is based in Manila, Philippines.
Xendit provides a payment solutions platform. The company enables businesses to accept payments, disburse payroll, run marketplaces, and more. It offers automatic payout, on-demand payouts, integration services, and more. It was founded in 2014 and is based in South Jakarta, Indonesia.
Stripe develops a financial infrastructure platform. The company offers a suite of services including online payment processing, revenue and finance automation, and banking-as-a-service. Its services allow businesses to accept payments online or in person, automate their revenue and finance operations, and embed financial services into their platforms or products. It primarily serves the e-commerce, software as a service (SaaS), marketplace, and finance automation sectors. It was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
UNO Digital Bank is a digital bank that provides financial services. The bank provides one digital interface to solve all financial needs with speed and ease. It was founded in 2021 and is based in Makati City, Philippines.
Xfers, now known as Fazz Business, is a company that focuses on business finance in the financial services industry. The company offers a range of services including online business accounts, payment processing, access to credit, corporate cards, and savings. It primarily serves the ecommerce industry, startups, and small to medium enterprises. It was founded in 2014 and is based in Singapore. Xfers operates as a subsidiary of Fazz.