Pinoy-led fintech startup raises $2.2M to accelerate credit access in PH, SE Asia
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Filipino-led fintech startup Plentina announced it has closed a seed round of $2.2 million after launching a service for large-scale merchants to sell on installments consumers without a credit card in the Philippines and Southeast Asia.
The seed round was co-led by former Tableau executive and ClearGraph CEO Andrew Vigneault, Unpopular Ventures and DV Collective, with participation from JG Digital Equity Ventures (JGDEV), Amino Capital, Canaan Partners Scout Fund, Ignite Impact Fund, and other strategic angels and family offices.
Plentina previously raised a pre-seed round of $750,000 last year from investors including Techstars, Emergent Ventures, and the 500 Startups Vietnam Fund. It participated in the Techstars Western Union accelerator as their first startup serving the Philippines and was oversubscribed for their seed round before their demo day at Stanford’s StartX accelerat
Published April 16, 2021, 1:54 PM
Many startups have attempted to unlock financial services in Southeast Asian emerging markets, where credit card penetration is under 10%. Consumers in the Philippines have lost trust in a system rife with illegitimate and predatory lenders. A new fintech startup, Plentina, is leveraging machine learning and retail partnerships to help rebuild that trust.
Plentina closed a seed round of $2.2M after successfully launching a service for large-scale merchants to sell on installments to the >90% of Southeast Asian emerging market consumers without a credit card. Their seed round was co-led by former Tableau Executive and ClearGraph CEO Andrew Vigneault, Unpopular Ventures and DV Collective, with participation from JG Digital Equity Ventures (JGDEV), Amino Capital, Canaan Partners Scout Fund, Ignite Impact Fund, and other strategic angels and family offices.
Philippines 'buy now, pay later' startup Plentina raises $2.2M seed round yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.