Best Payments Companies in Philippines
The 56 best Payments companies in Philippines in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Voyager Innovations.
Ranking the top Payments companies in Philippines by disclosed equity funding and recent momentum, this directory tracks 56 firms that have collectively pulled in $1.4 billion. That's not a rounding error. Three unicorns sit inside that pool, and the concentration at the top is striking: Voyager Innovations alone accounts for $712M, Mynt has raised $475M, and GCash adds another $175M. Those three figures together represent the overwhelming gravity of the Philippines payments market, drawing capital from names like Warburg Pincus and Ant Group.
So what does the broader opportunity look like? The global payments market was valued at roughly $511.9B in 2022 and is forecast to reach $847.6B by 2027, a CAGR of 8.9%, driven by open banking, contactless adoption, and faster payments infrastructure. The Philippines fits that arc, though gaps in regulation remain a structural variable you'd want to price into any thesis here. Coverage across the 56 tracked companies is flat right now, but digital banking innovation keeps surfacing as the hot underlying theme. I'd watch the mid-tier closely: PayMongo at $46M is the only firm meaningfully bridging the gap between the unicorn tier and the long tail of sub-$2M raises like NextPay and SquidPay.
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in Philippines
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Voyager Innovations 🦄 Payment gateway solutions for businesses | $712M | 51 mo ago | Series F | Orlando Vea Founder & CEO | 2013 | — | — |
| 2 | Mynt 🦄 Digital wallet and lending platform for consumers & businesses | $475M | 56 mo ago | Series B | Jose Rubio Co-CEO & President | 2015 | TypeScriptEnvoyZone.js+17 | — |
| 3 | GCash Provider of a platform for financial transactions and related services | $175M | 66 mo ago | Series D | Ernest Cu CEO | 2015 | WebflowApple iCloud MailGoogle Workspace+26 | — |
| 4 | PayMongo Payment acceptance solutions for businesses | $46M | 52 mo ago | Series B | Jaime Hing Co-Founder | 2019 | WebflowApple iCloud MailEmotion+19 | 1 expansion |
| 5 | SquidPay Online payments and remittance platform for businesses | $2M | 67 mo ago | Series A | Marvin Dela Cruz CEO | 2020 | — | — |
| 6 | SquidPay App-based platform for consumer payments | $2M | 67 mo ago | Deadpooled | Marvin Dela Cruz Founder | 2020 | — | — |
| 7 | NextPay Accounts payable, receivable management, and payment automation solutions for businesses | $2M | 59 mo ago | Seed | Don Pansacola Co-Founder & CEO | 2019 | WebflowYouTubeRudderstack+16 | — |
| 8 | JazzyPay Mobile payment gateway | $500K | 70 mo ago | Acquired | — | 2018 | — | — |
| 9 | Mynt 🦄 Provider of financial services, e-wallets, technology, and business solutions | — | 20 mo ago | Series B | Martha Sazon CEO | 2015 | WebflowAmazon Web ServicesTypekit+11 | — |
Top 12 Payments companies in Philippines
#1
Series F · Mandaluyong, National Capital Region · founded 2013 · 81 employees$712Mraised▾
Payment gateway solutions to businesses. Its platforms include a payment app for millennials, enables enterprises to accept cashless payments, remittance services, and more. It facilitates payments via bank transfers, wallets, and credit or debit cards.
#2
Mynt 🦄Series B · Cabanatuan City, Central Luzon · founded 2015$475Mraised▾
Digital wallet and lending platform for consumers & businesses
#3
Series D · Taguig, National Capital Region · founded 2015 · 10000 employees$175Mraised▾
Provider of a platform for financial transactions and related services. The platform facilitates sending and receiving money, bill payments, and online shopping. It also provides access to services such as loans, investments, and insurance. The platform aims to offer users a range of options for managing their finances.
#4
Series B · Manila, Metro Manila · founded 2019 · 185 employees$46Mraised▾
Payment acceptance solutions for businesses. It enables businesses to accept payment through credit cards, e-wallets, bank deposits, cash, etc. Users can generate payment links for accepting payments via chat, PMs, and SMS. It also offers a dashboard for tracking payments. Its fraud detection engines protect businesses from bogus buyers and fraudulent transactions.
#5
Seed · Makati, National Capital Region · founded 2019 · 77 employees$1.7Mraised▾
Developer of an all-in-one banking service platform intended to collect customer payments via digital invoices. The company's platform allows businesses to send invoices, collect customer payments, and pay employees, suppliers, and bills, enabling clients to send, receive and manage their finances on one platform.
#6
Series A · Pasig, Metro Manila · founded 2020 · 41 employees$2.1Mraised▾
Developer of an e-payments platform designed to offer convenient and efficient contactless payment options to commuters, merchants, and transport groups. The company's platform offers fare collections, electronic toll collections, and loan assistance to support stored value cards, QR codes, and mobile apps, enabling clients to maximize their buying power by getting maximum discounts and rebates.
#7
Deadpooled · Pasig, Calabarzon · founded 2020$2Mraised▾
App-based platform for consumer payments
#8
Acquired · Manila, Metro Manila · founded 2018 · 8 employees$500Kraised▾
JazzyPay is a mobile payment gateway. Allows users to pay schools, clinics, and hospitals bills. Accepts multiple payment methods including online banking, over-the-counter, credit card, e-wallets, e-checks, and cryptocurrency.
#9
Mynt 🦄Series B · Philippines · founded 2015—raised▾
Provider of financial services, e-wallets, technology, and business solutions. It supports businesses and individuals with digital financial tools. The company offers solutions for lending, finance, and business management. It aims to provide accessible and equitable financial services.
#10
Series A · Manila, Metro Manila · founded 2021 · 9 employees—raised▾
Fintech platform offering interest-free credit payment options. It allows buy now and pay later options, and in-store bill payment solutions for users.
- Dec 2021Series A—
#11
Series B · Makati, National Capital Region · founded 2010 · 52 employees—raised▾
Dragonpay is an online payment service provider based out of Philippines. The company provides payment solutions for merchants to accept or disburse payments online. It works on alternative payment channels such as banks, mobile payments, ATM’s, and brick-and-mortar payment centers. By integrating DragonPay’s payment system in an ecommerce site, its customers can pay online via banks or PayPal or over-the-counter, through over 10 partner banks and brick-and-mortar payment centers.
#12
Deadpooled · Makati, National Capital Region · founded 2013—raised▾
SAL Pay is a personal financial management app. Users have to link their financial accounts with the platform. They can plan their budget and set goals via the platform. Enables expense tracking and provides financial reports. Offers a cash card paired with an e-wallet/mobile app. Users can make online payments and also apply for loans via the platform.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Digital Payments is moving in the Philippines
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 101 Philippines-affiliated papers.
- Notre Dame of Marbel University7
- Mapúa University6
- Nueva Ecija University of Science and Technology5
- University of Santo Tomas4
- Lyceum of the Philippines University4
- Computer security2
- Mobile payment2
- Blockchain1
- Wearable computer1
- Payment system1
- Mobile payment12
- Usability12
- Agile software development10
- Information system8
- Audit8
- Mobile payment2→4
Where digital payments is researched across Philippines
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.