FinTech startups in the Philippines [list]

FinTech startups in the Philippines

The Philippines has a large population and the particularity of an important community of overseas workers. Together they make the Philippines a particularly attractive market for financial technologies – FinTech – companies, be they startups or large companies, engaging to conquer already dynamic markets.

With a population of more than 100 million inhabitants, the Philippines also has one of the fastest growing economies in Southeast Asia. Still in an early phase of development, many industries present attractive opportunities for business, especially for startups and large companies looking to grasp financial services markets through innovative approaches.

Numbers of Internet, social media and mobile users in the Philippines in January 2017

Rising Internet connectivity and the spreading of mobile devices make several industries even more attractive that they are limited by the challenges presented by the Philippines insularity. Financial transactions and services are thus some of the most interesting opportunities for entrepreneurs to build fast growing applications in solvable market like, a mobile payment startup.

Fintech startups conquering the Philippines

Key numbers show the needs and interests to launch new innovative financial services in the Philippines.

  • A young population of more than 100 million people.
  • A large part of the population is living in rural or remote areas and have little access to financial services, banks and insurances.
  • An estimated 2.4 million Overseas Filipino Workers with needs of managing financial transactions internationally and sending money back home to their relatives.
  • In general, banking and financial services have a low penetration in the Philippines.
  • A large and fast growing population online and using mobile phones.

With such trends, the Philippines’ FinTech startups are rapidly expanding through innovative technological applications, developing or disrupting the following financial markets:

  • lending
  • bitcoin/blockchain
  • online wealth management
  • crowdfunding
  • personal finance management
  • data management
  • money transfer
  • mobile payment
  • mobile point of sales/payment gate
  • comparison sites

With some key characteristics about the country, the following slide deck presents the main startups of FinTech in the Philippines.

Philippines Fintech Startup Report – summary


  • Global index – slide 2
  • Philippine digital market overview – slide 3
  • Media: Fintech News in the Philippines – slide 5
  • Philippine FinTech Startups Overview – slide 7


Lending – slide 8

Bitcoin/blockchain – slide 13

Online wealth management – slide 15

Crowdfunding – slide 19

Personal finance management – slide 21

Data management – slide 23

Money transfer – slide 27

Mobile payment – slide 31

Mobile point of sales/payment gate – slide 38

Comparison sites – slide 44

Slidedeck from August 2016 by Christian Konig

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