2024 marked a milestone year for the Philippines’ venture capital (VC) landscape. Filipino companies raised a record-breaking US$1.12 billion, reflecting the continued maturation of the country’s startup ecosystem, according to a 2025 report by Boston Consulting Group (BCG) and Foxmont Capital Partners.
In the Philippines, fintech remained the most active sector, attracting the largest share of deal activity in 2024. Using data from Tech in Asia and Dealroom, in addition to consumer disclosures, we’ve compiled a list of the most active investors in the Philippines’ fintech sector in the last 12 months, based on the number of deals completed.
These investors have backed some of the country’s top fintech ventures, among which Voyager Innovations, the parent company of PayMaya; Advance, which provides salary advance and financial wellness solutions; and NextPay, a digital banking platform. Now, they are fueling the rise of the next wave of potential fintech leaders in the Philippines.
International Finance Corporation (IFC) (USA)
The International Finance Corporation (IFC), based in the US, is a member of the World Bank Group and one of the largest development institutions focused exclusively on the private sector in developing countries. It delivers customized development solutions by leveraging its own range of financial products and services, as well as those of other World Bank Group institutions.
IFC is recognized for its role in mobilizing scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment. It’s also a leading facilitator of third-party investment, often catalyzing private finance in difficult or underserved markets.
In the Philippines, IFC is one of the most active investors in the fintech and broader startup landscape. Over the past year, it has completed three investments in the country. Two of these investments were all fintech companies and were Salmon Group, formerly Fintech Holdings, a group of companies and brands specializing in lending solutions; and First Circle, which provides smart banking solutions to small and medium-sized enterprises (SMEs).
Other Filipino fintech companies the IFC has backed include GrowSari, Voyager Innovations, Seabank Philippines, underscoring the institution’s commitment to advancing digital financial services in the country.
Founders Launchpad (Philippines)
Founders Launchpad, based in the Philippines, is an industry-agnostic, early-stage startup accelerator that provides venture capital (VC) funding, operational support, and mentorship to high-potential startups, helping them scale their businesses. Its mission is to held founders scale their businesses efficiently and sustainably.
Startups part of the program benefit from a comprehensive support across several critical areas. This includes strategic and legal advisory with in-house experts to assist startups in navigating legal complexities and building a clear, actionable strategy; assistance with product and business development; growth and customer acquisition support; operational excellence and the implementation of scalable processes; as well as facilitating investor introductions and assistance with financial planning, data room preparation, and ongoing bookkeeping.
The accelerator offers up to US$100,000 investment through a capped simple agreement for future equity (SAFE), with potential for follow-on funding.
According to Tech in Asia, Founders Launchpad has completed three deals in the Philippines over the past year, making it among the most active investors in the country. Two of these deals involved fintech companies LenderLink and OneLot.
Currently, Founders Launchpad has three fintech in its portfolio, namely LenderLink; Pondo Pinoy, a provider of microfinance services to micro, small and medium-sized enterprises (MSMEs); and OneLot, which offers working capital financing exclusively to used car dealers.
Kaya Founders (Philippines)
Kaya Founders is an early-stage VC firm formed through a partnership of seasoned entrepreneurs and operators. Based in Makati, the firm is dedicated to building impactful and enduring companies that harness the power of technology to solve the most pressing problems in the Philippines and Southeast Asia.
Kaya Founders partners with founders as early as Day 0 to bring industry-shaping ideas to life. It plays an active role in accelerating the startup journey by providing strategic and operational support and by activating synergies with its partners and across our portfolio.
Kaya Founders is one of the most prominent and active investors in the Philippine tech sector. According to Tech in Asia, the firm has concluded two deals over the past year which involved fintech companies LenderLink and OneLot.
Kaya maintains a robust and extensive fintech portfolio, which includes about a dozen ventures, among which Datung.io, a fintech company based in Singapore that provides digital lending platforms for SMEs; Invesko, a Singapore-based investment platform; and Mochi, a Philippine-based fintech company that offers an automated billing and collections platform for SMEs, making it one of the most prolific fintech investors in the Philippines.
Iterative (Singapore)
Iterative is a startup accelerator based in Singapore that invests in and supports early-stage companies across Southeast Asia. It hosts two 12-week programs each year, offering tailored, hands-on support rather than a fixed curriculum.
Iterative invests between US$150,000 and US$500,000 using a post-money SAFE in return for approximately 10-15% equity. The full investment amount is disbursed immediately upon acceptance with no milestones requirements, clawbacks, or program fees. Selected companies also benefit from practical, focused advice on idea validation, scaling, and fundraising.
According to Tech in Asia, Iterative has concluded two deals in the Philippines over the past year, including the investment in LenderLink. Iterative’s Winter 2025 cohort include fintech startups BeetleLabs, an artificial intelligence (AI)-driven voice agents and customer interaction insights to automate compliance and enhance customer support for the banking, financial services and insurance (BFSI) industry; Kredit Hero, an AI-powered online marketplace that connects SMEs with lenders for business loans; and Seedflex, a Singapore-based company providing credit solutions.
Foxmont Capital Partners (Philippines)
Founded in 2018, Foxmont Capital Partners is a VC firm that invests in Filipino-focused or Filipino-founded early-stage technology startups that have proven that they can scale effectively and lead the Philippine digital evolution. The firm aims to play a catalytic role in shaping the Philippine startup ecosystem, and improve the quality of life for the Filipino people.
With deep local expertise and a global network of limited partners, Foxmont Capital Partners supports founders in building sustainable businesses that deliver real impact. The firm has raised three funds while building a strong track record of scaling startups and attracting follow-on capital across diverse sectors in the Philippine market.
Beyond capital, Foxmont Capital Partners also provides value-added support for founders and management teams across key areas such as talent acquisition, expense management, operational strategy, corporate structuring, blueprinting, and fundraising strategy. With its local presence, first-mover advantage, and hands-on support, the firm claims it consistently delivers top-quartile returns.
Foxmont Capital Partners has offices in Manila and Singapore, and is fund manager licensed by the Monetary Authority of Singapore (MAS).
According to Tech in Asia, Foxmont Capital Partners has concluded two deals in the Philippines over the past year. Though, none involved fintech, the firm remains a significant fintech investor in the country with five fintech startups in its portfolio, namely Advance, which provides salary advance and financial wellness solutions; Nextpay, a digital banking platform; Tanggapp, a mobile payment services provider; Talino Venture Labs, a global venture studio for inclusive fintech; and Invesko.
Featured image: Edited by Fintech News Philippines, based on image by inkoly via Freepik
