PayMongo
YC S19Taguig, PH · Founded 2019 · Delaware corporation · 220 employees · 8 known investors
PayMongo is a payment processing platform serving Filipino businesses of all sizes, offering payment solutions, disbursements, lending, and subscription management. The company aims to enable digital financial inclusion and growth for merchants operating online in the Philippines.
Also known as Equiac
E-commerceFintechSaaSPhilippinesSoutheast AsiaPartly Remote
Founders & leadership· Y Combinator alumni (S19)
PayMongo was founded in 2019 by Luis Sia, Jaime Hing III, Eddie Francis Cesar Plaza, and Alejandro Luis Sia.
LS
Luis SiainChairman & Co-Founder
JH
Jaime Hing IIICo-founder
EF
Eddie Francis Cesar PlazaCo-founder
AL
Alejandro Luis SiaCo-founder
JM
Jojo Malolosin
Board
LE
Lawson EmanuelBoard director
Investors · 8
Y Combinator✓ verifiedSan Francisco · $500K
ICCP Venture PartnersMakati City
Ignite House of InnovationManila · $90K – $180K
Kaya FoundersMakati · $150K – $500K
Bedrock CapitalreportedNew York
Global Founders CapitalreportedBerlin · $637K – $32M
Jam FundreportedLos Angeles · $500K – $20Mvia Justin Mateen · inferred
Stripereported · 2 sources
Reported raises · per SEC filings
Form D private placements$45.8M disclosed across 2 rounds · 2020–2022
▶$31MraisedMar 2022 · 7 investors · Other TechnologyRule 506(b)
▶$31MraisedMar 2022 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jaime Hing IIIDirector
- Eddie Francis Cesar PlazaExecutive Officer, Director
- Alejandro Luis SiaDirector
- Lawson EmanuelDirector
- Offering amount
- $31M
- Amount sold
- $31M
- Minimum investment
- $50K
- First sale
- Feb 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$14.7MraisedSep 2020 · 23 investors · Other TechnologyRule 506(b)
▶$14.7MraisedSep 2020 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
- Edwin LacierdaExecutive Officer, Director
- Eddie Francis Cesar PlazaExecutive Officer, Director
- Jaime Hing IIIDirector
- Alejandro Luis SiaDirector
- Offering amount
- $14.7M
- Amount sold
- $14.7M
- Proceeds to insiders
- $200K
- First sale
- Sep 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through PayMongo went on to found or lead other companies.
Competitors · 7
by search overlap
Stripe21 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Wise20 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
HitPay15 shared keywordsHitPay is a payment processing platform for Southeast Asian merchants that accepts cards, digital wallets, QR codes, and bank transfers across online and physical channels. It serves e-commerce, retail, hospitality, and service businesses operating in Singapore, Malaysia, Philippines, Indonesia, and other Southeast Asian countries.
inai12 shared keywordsInai provides a payments platform that enables companies to launch, manage, and scale global payment solutions with integrations to diverse payment methods across regions. The platform is designed for e-commerce and digital businesses seeking to expand internationally while reducing engineering overhead.
Adyen12 shared keywordsAdyen is a payments platform that enables enterprises to accept, process, and move money across their business, with capabilities for embedded finance and financial product issuance.
Mochi11 shared keywordsMochi is a billing and collections platform for Filipino businesses and enterprises that creates invoices, collects payments through channels like GCash, Maya, QR PH, credit card, and bank transfer, and automates recurring billing. It serves companies in the Philippines looking to digitize invoicing and payment collection.
APEXX Global11 shared keywordsAPEXX Global operates a payment orchestration platform that connects enterprise and high-growth merchants to global acquirers, payment providers, digital wallets, and BNPL options through a single API. Its features include intelligent and cost-based transaction routing, decline cascading, and consolidated reporting, serving sectors such as travel, retail/ecommerce, and mobility.
Companies competing with PayMongo for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does PayMongo do?
- PayMongo is a payment processing platform serving Filipino businesses of all sizes, offering payment solutions, disbursements, lending, and subscription management. The company aims to enable digital financial inclusion and growth for merchants operating online in the Philippines.
- Who founded PayMongo?
- PayMongo was founded by Luis Sia, Jaime Hing III, Eddie Francis Cesar Plaza, Alejandro Luis Sia in 2019.
- Who are PayMongo's investors?
- PayMongo's investors include Y Combinator, ICCP Venture Partners, Ignite House of Innovation, Kaya Founders, Bedrock Capital, Global Founders Capital, Jam Fund, Stripe.
- How much funding has PayMongo raised?
- PayMongo has disclosed $45.8M raised across 2 rounds.
- Where is PayMongo headquartered?
- PayMongo is headquartered in Taguig, PH.