StageSeries B | Alive
Last Raised$31M | 10 mos ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
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ESPs containing PayMongo
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Payment APIs & infrastructure companies enable businesses to seamlessly manage payments. APIs provide direct connections to payment infrastructure, allowing for faster, more secure, and less expensive transaction processing.
PayMongo named as Challenger among 7 other companies, including GoCardless, Rapyd, and Checkout.com.
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Research containing PayMongo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned PayMongo in 6 CB Insights research briefs, most recently on Nov 23, 2022.
Mar 15, 2022 reportThe Retail Tech 100: The top retail tech companies of 2022
Expert Collections containing PayMongo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PayMongo is included in 5 Expert Collections, including Payments.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
250 of the top fintech companies transforming financial services
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Retail Tech 100
The winners of the 2022 CB Insights Retail Tech 100, published March 2022.
Latest PayMongo News
Dec 5, 2022
PayMongo enables installments online with Pay Later Filipino online payments provider PayMongo has partnered with omnichannel merchant commerce platform Pine Labs to enable businesses to accept credit card installment payments through Mastercard Installments. This program will enable over 10,000 businesses under PayMongo’s platform to allow their customers to pay through interest-free installment plans of 3, 6, or 12 months, with the Pay Later identifier as an option in their checkouts. The Mastercard Installments with Pine Labs program is payment network agnostic. This means consumers can pay in interest-free monthly installments with any credit card at establishments or online platforms where they see the Pay Later identifier if their issuing bank is enrolled. This is currently available through Security Bank and Asia United Bank (AUB) Mastercard credit cards, and soon, cardholders of other major banks in the country will be eligible to transact through the Mastercard Installments with Pine Labs program as well. According to Dheeraj Chowdhry, Chief Business Officer & Head – Pay Later, Southeast Asia, Pine Labs, “Philippines is a fast-emerging market for Mastercard Installments with Pine Labs. It is a country with tremendous potential for digital payments adoption and digital Pay Later specifically, thanks largely to a young aspirational middle class looking for affordable ways to complete their in-store and online purchases. This partnership with PayMongo is a response to the growing consumer demand for flexible payment options and will provide online merchants an avenue to drive sales.” InLife Health Care, a fully-owned subsidiary of Insular Life, is one of the first merchants to accept Pay Later via PayMongo. Following IHC’s launch with PayMongo, customers now have access to an easy, affordable way to settle their membership fees through card installments with PayLater via PayMongo. This allows customers to retain the benefits of their health coverage while choosing payment schedules that are most achievable for them. “The partnership with PayMongo is a win for our customers and IHC. Health coverage is a necessity. PayMongo’s Card Installments enable our customers to get health plans that are light on the budget. It is our goal to provide health coverage that is both accessible and affordable. In addition, PayMongo’s support in our credit and collection cycle allows us to focus on growing our businesses.” said InLife Health Care’s President and CEO, Noemi G. Azura. “We’re proud to partner with Pine Labs to allow our merchants to integrate seamlessly with bank partners and accept card installments with Pay Later. In the process, we empower both businesses and consumers to benefit from flexible payment options. Our partner e-commerce businesses can now move products and scale faster while their customers enjoy the ability to buy their needs immediately,” said Miel Pahati, PayMongo Head of Partnerships. In the Philippines, Buy Now Pay Later (BNPL) payments adoption is expected to clock a CAGR of ~51% during 2022-2028, as per a Research and Markets estimate.
PayMongo Frequently Asked Questions (FAQ)
When was PayMongo founded?
PayMongo was founded in 2019.
Where is PayMongo's headquarters?
PayMongo's headquarters is located at Unit 3308, High Street South Corporate Plaza Tower 2, Taguig City.
What is PayMongo's latest funding round?
PayMongo's latest funding round is Series B.
How much did PayMongo raise?
PayMongo raised a total of $45.85M.
Who are the investors of PayMongo?
Investors of PayMongo include Global Founders Capital, Soma Capital, Jam Fund, ICCP Venture Partners, Kaya Founders and 12 more.
Who are PayMongo's competitors?
Competitors of PayMongo include Clearcover, Xendit, Dock, Interswitch, Voyager Innovations, Flutterwave, Payhawk, GoCardless, ChargeBee Technologies, Checkout.com and 12 more.
Compare PayMongo to Competitors
Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in Indonesia, the Philippines, and across Southeast Asia, from SMBs and e-commerce startups to large enterprises. Xendit enables businesses to accept payments, disburse payroll, run marketplaces, and more on an easy integration platform supported by 24/7 customer service. Amidst the fragmented payment landscape in Southeast Asia, Xendit enables more businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments. The company was founded in 2014 and is based in Jakarta, Indonesia.
Rapyd builds technology that removes the back-end complexities of cross-border commerce while providing local payments expertise. Global e-commerce companies, technology firms, marketplaces, and financial institutions use its fintech-as-a-service platforms—Collect, Disburse, Wallet, and Issuing—to embed localized fintech and payments capabilities into their applications in a simple way.
GoCardless is an online direct debit provider, operating an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. The company was founded in 2011 and is based in London, England.
Unqork operates as a no-code, software-as-a-service (SaaS) platform that digitizes the client lifecycle. The company's patent-pending technology includes advanced calculations, decisions, UI design and workflow for risk assessment and digitization layered on top of legacy IT systems. The company serves financial services and insurance companies to bring complex, regulated products to market without writing a single line of code. The company was founded in 2017 and is based in New York, New York.
Checkout.com helps companies accept more payments around the world through one integration. Its unified global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters, and reporting features, all via one API.
Mollie builds payment products, commerce solutions, and APIs that let users accept online and mobile payments for small online stores and Fortune 500 companies.
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