BayaniPay Raises $4.5M Seed Round

BayaniPay

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BayaniPay, a fintech startup based in Manhattan Beach, California today announced that it has secured a $4.5 million in seed funding round. The round was led by Wavemaker Partners, a Singapore-based crossborder early-stage firm also participated with Talino Venture Labs, Stonks, Republic and East West Bank.

BayaniPay will use this money to accelerated company goals and business growth.

BayaniPay is a digital financial service with the mission of enabling borderless banking for global Filipinos.

BayaniPay is the pioneering neobank with innovative financial services tailored for global professionals. Named after the Filipino word for ‘hero,’ BayaniPay initially serves the Filipino American community, the third-largest Asian American group in the United States.

As a digital-first inclusive platform, customers use the mobile app to take care of their financial needs, including branchless 24/7 banking, faster and secure remittances to their loved ones in their home country, and rewards on purchases.

BayaniPay is a financial technology company, not a bank. BayaniPay offers banking products and services provided by East West Bank, Member FDIC.

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