Mynt (GCash parent)
$8.0Be-wallet + digital bank
Pre-IPO secondary (Ayala + MUFG, 2024)
Reported target valuation for the deferred 2026 IPO is in the US$7-8bn range per local press.
Rappler
East Asia & Pacific · GDP rank #28
Philippines
PH · PHP @ 0.0162/USD
Tab 07
Fintech & disruption
Disruption intensity, unicorns, notable domestic players, cross-border entrants, and venture funding depth — the structural state of the disruption stack for this market.
VC deals · 2024
$600.0M
total disclosed
Largest unicorn
$8.0B
Mynt (GCash parent)
Unicorns
Maya
$1.6Be-wallet + digital bank
Reported US IPO target of US$500m-$1bn raise on a US$5bn-plus valuation basis.
Bloomberg
Coins.ph
$300.0Mcrypto + fiat wallet
Below unicorn status currently; previously exited from Go-Jek.
Coins.ph
Notable players
Established players outside unicorn status — acquisitions, specialist networks, or regulated operators that shape the market.
Tonik Bank
digital bankTonik Bank
UnionDigital Bank
digital bank (UnionBank of Philippines)UnionDigital Bank
GoTyme Bank
digital bank (Gokongwei Group + Tyme)GoTyme Bank
Cross-border entrants
Foreign-licensed operators that have achieved scale locally via passporting, branch, or subsidiary.
Wise
EMI-licensed; PHP local rails live
Wise
Remitly
OR licensed; remittance-focused MSB
Remitly