Personal finance internet site MoneyMax.Ph stated it had secured $50 million in investment that could assist solidify its role as the Philippines’ main platform for personal finance services and products including credit cards, loans and coverage.
In a statement released on Tuesday, MoneyMax.Ph said it had finished its “Series B” fundraising spherical among “high-profile” buyers, which blanketed the International Finance Corp. (IFC), the World Bank’s arm for personal region investments.
Other new investors had been Alibaba Entrepreneurs Fund, SBI Group and H&Q Utrust. MoneyMax.Ph also raised price range from current investors Goldman Sachs Investment Partners VC and Growth Equity, Nova Founders Capital, ACE & Co. And Route sixty six Ventures.
“At IFC, accomplishing the unbanked and below-banked is a priority and we accept as true with the satisfactory manner to do that is through generation,” said Vivek Pathak, IFC nearby director for East Asia and the Pacific.
“MoneyMax.Ph leverages generation to growth pricing transparency for financial merchandise and enhance economic literacy. Our aid for innovative fintech agencies like MoneyMax.Ph encourages disruptive technology and new commercial enterprise fashions that create markets for other private sector players to engage,” Pathak introduced.
In a statement released on Tuesday, MoneyMax.Ph said it had finished its “Series B” fundraising spherical among “high-profile” buyers, which blanketed the International Finance Corp. (IFC), the World Bank’s arm for personal region investments.
Other new investors had been Alibaba Entrepreneurs Fund, SBI Group and H&Q Utrust. MoneyMax.Ph also raised price range from current investors Goldman Sachs Investment Partners VC and Growth Equity, Nova Founders Capital, ACE & Co. And Route sixty six Ventures.
“At IFC, accomplishing the unbanked and below-banked is a priority and we accept as true with the satisfactory manner to do that is through generation,” said Vivek Pathak, IFC nearby director for East Asia and the Pacific.
“MoneyMax.Ph leverages generation to growth pricing transparency for financial merchandise and enhance economic literacy. Our aid for innovative fintech agencies like MoneyMax.Ph encourages disruptive technology and new commercial enterprise fashions that create markets for other private sector players to engage,” Pathak introduced.
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