More articles about: neobank

Zed, a credit-led financial technology company which has been on a sanctioned pilot for the last six months, has finally secured its license from the Bangko Sentral ng Pilipinas (BSP). This makes the company the first neobank to offer credit cards ...

BayaniPay, a financial technology startup, is looking to increase its processed payments tenfold, from $20 million in 2023 to $200 million within the year. This comes after the company secured an additional $3 million in fresh capital from investors Wavemaker Partners, PTGB, ...

The parent company of the Philippines' Tonik Digital Bank has raised $131 million (about P6.73 billion) in its Series B funding round. Tonik Financial Pte Ltd said it will use the fresh funds to accelerate the growth of its digital bank ...

No new applications for digital banking licenses will be accepted after August 31, 2021, the Monetary Board of the Bangko Sentral ng Pilipinas announced on Thursday (August 19). The moratorium will take effect over the next three years so the BSP can ...

The Bangko Sentral ng Pilipinas has granted a digital banking license to GOTyme, a partnership between the Gokongwei group and Singapore-based digital banking group Tyme. It is so far the fifth neobank or digital-only bank that the BSP has approved ...

Voyager Innovations Inc., the digital unit of PLDT, has raised $167 million (about P8.11 billion) in fresh capital for its financial inclusion agenda through its fintech arm, Paymaya. Existing investors that participated in the capital raise are pareant company PLDT Inc., ...