#FinancePH - PayMongo provides payment gateway for budding startups through its partnership with Founders Launchpad

Leading Philippine payment gateway PayMongo Philippines, Inc. has joined up with Draper Startup House, a global network of entrepreneurs, and Founders Launchpad, an initiative of AHG Lab, one of the Philippines' leading independent venture builders. The goal of Founders Launchpad, a 12-week intensive incubation program, is to provide early-stage entrepreneurs with the resources they need to build their products and Minimum Viable Products (MVP) as well as the mentoring they need to be prepared to pitch investors. This offers a useful curriculum, practical coaching, financial help, stimulating learning chances, and lots of networking opportunities. 

This September, six startups coming from various industries such as HealthTech, CleanTech, EdTech, SaaS and e-commerce will pitch their ideas to regional and international investors - namely Pharmacy Aggregator—MedsGo, Plastic Waste Management Tech—Rezbin, Learning Platform for Standardized Testing—Kippap, Escrow Service for E-Commerce Transactions—Safe, Inventory & Sales Management Software with POS–Itemcount, and Alternative Asset Marketplace–Supafaya.  

As a strategic partner, PayMongo will provide startups of this cohort with a secured payment gateway with zero signup fees, setup costs, integration costs, and maintaining balance. The cohort will also receive prime customer and clientele servicing, first access to its upcoming features and releases, and the opportunity to become a design partner in further developing its platform. 

 “We are definitely thrilled to be part of the growth journey of these creative startups. PayMongo has always supported startups in the Philippines. As a startup ourselves, we look forward to extending this enthusiasm to other aspiring entrepreneurs and founders in the country,” said PayMongo’s CEO, Jojo Malolos.    

Mr. Malolos is also set to give a workshop to the graduates of the incubator program as part of their mentorship initiative. The participants of the program will also have a chance to visit PayMongo’s office to gain a deeper understanding of their curriculum and the work PayMongo does.  

“We believe that having a reliable payment gateway partner like PayMongo is critical. At Founders Launchpad, we focus on supporting tech startups. Therefore, an easy-to-use and feature-rich payment partner is highly beneficial to our founders. We are very excited to have established partnerships with companies like PayMongo to offer more tangible value to the startups we work with,” said Simon Bauer, the Program Lead of the Founders Launchpad and Partner of AHG Lab.  

AHG Lab is the largest independent Philippine Venture Builder focused on empowering founders and leaders to build groundbreaking startups that digitally transform the Philippine economy, catalyze positive change in various industries, and enable sustainable growth. Draper Startup House Manila is an international chain of hostels providing an access point to a global community of innovators and entrepreneurs.

PayMongo Philippines Inc. is a Filipino-led payment gateway startup that allows businesses to easily accept online payments from their customers online via credit/debit card (straight/installment payments), buy now, pay later platforms, e-wallets, online banking, and over-the-counter payment establishments. PayMongo is a registered operator of payment systems regulated by the Bangko Sentral ng Pilipinas (BSP) while its subsidiary, PayMongo Payments, also holds an electronic money issuer license from the BSP.