In celebrating 20 years of running its financial platform, GCash reached the milestone as the Philippines’ first unicorn with a valuation exceeding USD5 billion!
This new milestone showcases GCash’s influence and role in empowering users nationwide and beyond.
GCash stands out among global fintech companies by providing innovative and accessible solutions that help bridge the financial gap for underserved communities.
Key investments from Ayala Corporation, a major Philippine conglomerate, and Mitsubishi UFJ Financial Group (MUFG), Japan’s top financial institution, have over doubled GCash’s valuation from USD 2 billion in 2021. In this latest funding round, Ayala and MUFG acquired an 8% more stake in Mynt, GCash’s parent company, strengthening GCash’s role as a leader in financial inclusion across Southeast Asia.
“These past 20 years, we have made strides to provide more Filipinos with access to financial services. Now, we want to take it a step further and be their partner towards financial health and wellness,” said Martha Sazon, GCash President and CEO.
Source: Mynt
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