Tag: Mynt
Manila, Philippines – Philippine financial technology platform GCash participated as an official partner of the 48th ASEAN Summit, supporting cashless payment initiatives and promoting digital financial inclusion during the regional gathering held in Cebu, Philippines. The summit brought together heads...
Manila, Philippines – The Asian Development Bank (ADB) has signed a USD$30m loan agreement with Fuse Financing Inc. aimed at expanding access to credit for micro, small, and medium-sized enterprises (MSMEs) in the Philippines through a digital lending platform. According to ADB, the financing is intended...
In addition, MC and AC are going to sign a memorandum of understanding (MoU) on a comprehensive collaboration in the Philippines. The MoU covers additional business developments aimed at stimulating the country's economic growth.
Globe Fintech Innovations, Inc. (Mynt), the parent company of GCash, has announced new strategic investments from Ayala Corporation and Mitsubishi UFJ Financial Group (MUFG), elevating its valuation to $5 billion—more than double the $2 billion valuation from 2021.
As for Mynt, it is expected to better harmonise the capabilities of both ECPay and GCash. The acquisition will help GCash provide best-in-class services in the fintech space and further democratize financial access.
PH-based fintech Mynt is making its way towards a unicorn status, thanks to the latest funding it received.
