{
Elmer M. Malolos

People

}
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001122334455554433221100

challenges persist for earned wage access startups in southeast asia

Southeast Asia's earned-wage access (EWA) startups are struggling to turn traction into profit amid high costs and a challenging fundraising environment. Despite a significant acquisition, firms are exploring diversified revenue streams to overcome obstacles. Meanwhile, Paymongo plans to raise new capital by 2026 to support its growth and aims to break even by early 2026 after a troubled past.
Tech in Asia
United States Dollar OLA ELECTRIC MOBILITY LTD IRL HKG GBR IND PHL Francis Plaza Elmer M. Malolos Show more
Business & Industry, Market Report
10:30 18.03.2025

PayMongo plans to raise new capital by 2026 for expansion

PayMongo Philippines, Inc. is considering raising new capital by early 2026 to support its growth and expansion plans, as stated by CEO Elmer Malolos. The company, which raised US$31 million in 2022, is targeting Southeast Asia for potential overseas expansion and plans to leverage partnerships with major shareholders like Stripe. PayMongo aims to reach a breakeven point by early 2026, with the possibility of achieving this milestone sooner if growth accelerates.
Tech in Asia
United States Dollar PHL Elmer M. Malolos
Business & Industry, News Article
04:05 17.03.2025
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