Filipino Startup PayMongo Launches Accelerator Program to Support MSMEs

PayMongo is the first Philippine fintech backed by Silicon Valley-based Y Combinator, the premier startup accelerator in the world.

PayMongo, one of the Philippines’ most successful fintech startups, is making sure to pay its success forward with the PayMongo Accelerator Program, an initiative that aims to help Filipino micro, small, and medium enterprises (MSMEs).

The online payments platform will offer the lucky participants of the program two months of zero transaction fees across all payment channels and invaluable access to PayMongo’s large network of affiliate partners. Through the program, MSMEs will get the chance to consult with experts in ways to grow their business.

For struggling startups and MSMEs, the program is an offer you can’t pass up. PayMongo built the program out of its own experiences being guided by its investors and partners. It's the first Philippine fintech backed by Silicon Valley-based Y Combinator, the premier startup accelerator in the world.

“Through this program, we’re confident that we will be able to help a lot of small businesses grow and be competitive in emerging markets like the Philippines,” said Luis Sia, chief growth officer of PayMongo. Sia co-founded PayMongo in 2019 alongside CEO Francis Plaza, chief technology officer Jaime Hing III, and Edwin Lacierda.

Sia experienced the challenges of setting up a Filipino fintech startup, and aims to replicate PayMongo’s knowledge transfer and growth with the future of Filipino startups.

The PayMongo Accelerator Program is open to Philippine businesses that are not yet activated PayMongo merchants or existing PayMongo merchants. The sign-up period is until August 31, 2021. Aside from a two-month free waiver across all payment channels, participants will have access to PayMongo’s marketing support and invites to exclusive webinars and content. The program aims to help startups grow all parts of its business, from financial discipline to software development and e-commerce fulfillment.


The program is a rolling program, and there will be no cap for participating startups. You can sign up by clicking on this link. Don’t miss out on this great opportunity.

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Anri Ichimura
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