PH fintech startup PayMongo raises $12m in Stripe-led Series A

PH fintech startup PayMongo raises $12m in Stripe-led Series A

PayMongo co-founder Francis Plaza. DealStreetAsia photo.

Philippines-based payments processing startup PayMongo has secured $12 million in a Series A funding round backed by Silicon Valley investors, led by online payment processing firm Stripe, the company said in a statement.

PayMongo’s filing with the US Securities and Exchange Commission showed that it raised $14.7 million from 23 investors but its co-founder and CEO, Francis Plaza, told DealStreetAsia the filing included the amount converted from the convertibles during the $2.7-million seed round.

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