About PayMongo

Our mission is to grow the internet economy of emerging markets.

PayMongo provides products and services that allow businesses of all sizes to accept payments from their customers on the internet.

With just one PayMongo account, you can process, manage, and reconcile all your transactions, then move your money to your own bank account or to your suppliers and employees.

Payment Partners

visa logo
mastercard logo
gcash logo
grabpay logo
maya logo
bpi logo
security bank logo
atome logo
billease logo
coin ph logo
7 eleven logo
cebuana lhuilier logo
M Lhuiller logo

The payment gateway for business growth

Accept payments. With or without a website.

Whether you’re a seasoned entrepreneur or you’re just starting your business, the last thing you should worry about is payments. Whatever kind of business you run or wherever you sell your products, we handle payments for you so that you can do what you do best: growing your business.

​​Founded in 2019, PayMongo is an online payments processing company that allows thousands of Filipino businesses to accept payments over the Internet.

PayMongo’s standard, easy-to-integrate API and e-commerce plugins accelerate internet businesses by lowering integration time with a few lines of code. The company's PayMongo Links and Pages products enable businesses to provide a simple digital checkout for their customers, even without a website. With funds collected through their PayMongo accounts, merchants may also move money seamlessly to their suppliers, business partners, and employees through Disbursements. PayMongo's payment platform delivers fast onboarding, consistent checkout experiences and advanced fraud detection systems.

PayMongo is the first Philippine fintech startup backed by Silicon Valley-based Y Combinator, the premier startup accelerator in the world. In February 2022, it secured $31 million in Series B financing with support from Justin Mateen's JAM Fund, ICCP-SBI Venture Partners, Lisa Gokongwei’s Kaya Founders, Global Founders Capital and SOMA Capital. To date, the company has raised a total funding amount of almost $46 million, including their $12 million Series A round in September 2020 and $2.7 million seed round in September 2019. Other notable investors in the company include Stripe, Peter Thiel, Y Combinator and Bedrock Capital.

Our greatest milestones

March 2019
PayMongo is founded by Francis Plaza, Edwin Lacierda, Luis Sia, and Jaime jHing III. as

The original PayMongo team consisted of engineers, developers, and serial entrepreneurs with an aim to simplify payments for businesses of all sizes.

August - September 2019
Seed Funding

PayMongo raised $2.7 million from Founders Fund, Peter Thiel and Stripe, with participation from Y Combinator (PayMongo is the first Philippine fintech company it has funded), Global Founders Capital, Soma Capital, Tinder co-founder Justin Mateen, and other angel investors.

March 2020
PayMongo acquires Operator of Payment System license from BSP

PayMongo is listed under the central bank’s (Bangko Sentral ng Pilipinas) official list of registered Operators of Payment Systems (OPS) under Republic Act No. 11127, or the National Payment Systems Act (NPSA).

A payment system provides the channels through which funds are transferred among banks and other institutions to discharge payment obligations arising from economic and financial transactions across the entire economy.

September 2020
Series A Funding

PayMongo secured $12 million in a Series A financing round led by Stripe with participation from the company’s roster of existing investors from the previous round – Y Combinator, Global Founders Capital and a new investor, Bedrock Capital.

August 2021
Forbes Asia 100 to Watch List

PayMongo was one of four Filipino companies selected for Forbes Asia’s 100 to Watch list, which spotlights notable companies and startups on the rise across the Asia-Pacific region.

February 2022
Series B funding

PayMongo raised $31 million in Series B funding in a round participated in by Justin Mateen’s JAM Fund, Philippine VC firms ICCP-SBI Venture Partners, and Lisa Gokongwei’s Kaya Founders, together with existing investors Global Founders Capital and SOMA Capital. The founders of top European fintech unicorns and startups Qonto, Viva Wallet, Billie, and Scalable also participated in the round.

June 2022
BSP authorizes PayMongo to operate as an Electronic Money Issuer

The Bangko Sentral ng Pilipinas (BSP) authorized PayMongo Philippines, Inc. to operate as an Electronic Money Issuer (EMI). The license granted to PayMongo Payments, Inc., a subsidiary of PayMongo, will enable the company to offer a wider range of innovative and integrated financial services to businesses of all sizes in the Philippines.

Our Investors