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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments

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+20 points in the past 30 days

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About Pitaca

Pitaca is a mobile fintech startup that offers a retail payment solution that allows expatriates to support their families at home as it allows them to send gifts to recipients in the Philippines.

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Latest Pitaca News

Philippines: Fintech startup Pitaca raises funding from Carillion Partners

Mar 7, 2016 March 7, 2016: &nbsp Pitaca Digital Services (PDS) a Philippine-based mobile fintech startup, has raised a funding round led by boutique investment services and financial advisory company Carillion Partners . The size of the deal was not disclosed. The latter is investing out of its Angeon MFE Fund, which it launched in 2012 for investments in Philippines-based small and medium-sized enterprises. Carillion and Ageon are jointly managing the fund. Several investors were a also involved in the round, the Asian Venture Capital Journal, reported. Also Read: PH: Pawnhero secures funding from Kaikaku, 500 Startups, IMJ Investments As a retail payment solution, PDS will use the capital to further develop iRegalo, a mobile platform that currently allows expatriates to support their families at home as it allows them to send gifts to recipients in the Philippines In amplifying iRegalo, PDS plans to roll out its new service enabling the sending of electronic gift certificates to recipients’ smartphones. Certificates can be redeemed at participating merchants across the country even as it allows senders to have more control over how their money is spent. “We are delighted to have helped make possible the debut of iRegalo, which promises to be a game changer in the Philippines’ e-commerce landscape,” said Carillion managing director Mari Gomez. “Post-investment, we feel privileged that we shall play a continuing role in PDS’s story, by contributing strategic inputs aimed at growing and strengthening PDS’s enterprise value for the benefit of our investors.” Also Read: Philippines: PLDT unit, US-based UniTeller tie up for new remittance platform PDS is a registered trademark of MobileVentures Inc (MVI) based in Manila established in 2010 with a vision to enable emerging markets to benefit from the revolution in smartphones, mobile technology and information technology. MVI offers PDS to providers and merchants as a service rather than as a system that they have to purchase. MVI is composed of professionals from the mobile, technology and financial industries. Its mission is to provide a payment gateway through mobile and online transactions to small and medium sized banks and financial institutions. Its strategy is to invest in the technologies required and invest in developing the solution’s ECO-System. MVI is partnered with SAAS Ventures Inc based in Montreal, Quebec, Canada for the technical development and maintenance of the platform, and also with with Pioneer Insurance for the Micro-Insurance for Life and Non-Life products. Also Read:

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Expert Collections containing Pitaca

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pitaca is included in 1 Expert Collection, including Fintech.



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