Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation announced… Read More
Globe Fintech Innovations, Inc. (Mynt), the operator of the Philippines’ leading finance super app GCash, has elevated its market position with fresh investments from Ayala Corporation and Mitsubishi UFJ Financial Group (MUFG), boosting its valuation to an impressive $5 billion. This new valuation marks a… Read More
Globe Fintech Innovations, Inc (Mynt), the parent company of the most popular e-wallet in the Philippines GCash, is acquiring Electronic Commerce Payments Inc (ECPay) for about $40 million, according to a disclosure Monday. In a statement, Globe Telecom, the parent company of Mynt, said it… Read More
XTAGE, a digital asset trading platform created by Brazilian brokerage XP (Nasdaq: XP), has launched trading of Bitcoin and Ethereum, according to multiple reports. The creation of XTAGE was announced this past May as a collaboration with Nasdaq. At that time, Lucas Rabechini, Director of… Read More
GCash, a Philippines based mobile wallet that’s operated by Mynt under Globe’s corporate venture builder 917Ventures, recently revealed that it now has more than 60 million registered users and over 5 million merchants across the country. As noted in the update, GCash stated that that… Read More
Mynt, the Philippines-based digital financial solutions provider and the firm behind the GCash payment services app, has secured more than $300 million in capital, valuing Mynt at more than $2 billion. As mentioned in a release, this solidifies the firm’s status as the Philippines‘ only… Read More
Paymynt Financial Group, a U.S.-based fintech, announced on Wednesday the launch of its MYNT PayCard, which is a multicurrency hardware wallet. The company reported that MYNT Card is a reloadable smart card that allows users to store and spend multiple currencies. Michael Rosa, CEO… Read More
Greater Boston based PAYMYNT Financial, a mobile commerce and financial growth app provider, has secured $1.1 million in capital through its seed funding round. PAYMYNT’s management notes that many consumers are now making purchases via e-commerce platforms. They believe that it’s an ideal time to… Read More
SaaS banking platform Mambu has inked an agreemenet with Fuse, the lending side of Filipino Fintech firm Mynt. Mynt is part of a bigger company – leading Philippine telecom company Globe Telecom which happens to have has a customer base of over 60 million users…. Read More
Ant Financial Services Group, a leading digital financial services provider and part of the Alibaba family of businesses, has invested in Mynt or Globe Fintech Innovations – part of Globe Capital Venture Holdings (GCVHI). Mynt is part of Globe Telecom the leading Philippine mobile operator. Ayala Corporation,… Read More
PitchBook has recently released its report, entitled Fintech: State of the Industry 2025. The update aims to offer a wide lens on fintech’s pulse, funding flows, and key trends. Key takeaways from the PitchBook research report on Fintech are as follows: Public fintech companies delivered… Read More
Global investment firm KKR has enlisted Goldman Sachs to facilitate the sale of its significant minority stake in Philippine fintech company Maya, according to a Reuters report that cited two sources with direct knowledge of the matter. KKR, which owns more than 20% of Maya,… Read More
PitchBook has released its latest Retail Fintech Report. The update highlights key developments in the fast-growing financial technology ecosystem. Deal value and count: In Q3, PitchBook pointed out in its report that retail fintech VC deal value and deal count both “retreated from Q2 levels.”… Read More
Thunes, which claims to be the “Smart Superhighway” to move money around the world, announced a new collaboration with GCash, the digital wallet in the Philippines. This initiative enables GCash users to top up their wallet balances directly within the app using funds from their… Read More
Philippine-based fintech superapp GCash has teamed up with agritech startup Mayani to provide local farmers and fisherfolk with access to a financial platform that will support their needs, according to an announcement. The two tech players teamed-up with a joint mandate to create the Philippines’… Read More
Every year, an estimated €260 trillion “moves through European banks in the form of payouts, insurance premiums, deposits, loan payouts, and much more.” Notably, much of this is “done manually: through payment files uploaded to banks, finance teams matching line items one by one with… Read More
CoinDCX, which claims to be one of India’s largest and “most valuable” crypto companies, recently announced the launch of CoinDCX Ventures, which is described as an investment initiative funding early-stage crypto and blockchain startups, “bolstering India’s digital asset ecosystem and accelerating the transformation of India’s… Read More
The developers of Sovryn, a Bitcoin-native app supporting decentralized lending, notes in a blog post that we are all in the middle of a truly historic transition from a global economy largely based on fiat money to an economic system based on crypto-assets and dominated… Read More
Philippines’ digital wallet provider GCash has introduced an online shopping insurance option – underwritten by PGA Sompo – with Singapore-based Insurtech Igloo, in order to protect its growing online client base. As mentioned in a release shared with CI, this launch and partnership come at… Read More
GCash, a leading mobile wallet provider in the Philippines, reports steady growth as it saw a significant rise in its number of users from 20 million in January 2020 to 46 million in June 2021, according to a release. The GCash app also had more… Read More
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