PayMongo Philippines Inc. teamed up with Founders Launchpad and Draper Startup House to provide a payment gateway for budding startups.
Founders Launchpad is a 12-week comprehensive incubation program designed to equip early-stage entrepreneurs with capital, resources to build their product/minimum viable product and guidance to be ready for investors.
These include a valuable curriculum, hands-on mentoring, investment support, engaging learning experiences and ample networking opportunities.
Six startups from various industries such as HealthTech, CleanTech, EdTech, SaaS and e-commerce will pitch their ideas to regional and international investors in September.
These are 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 chief executive Jojo Malolos.
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,” said Simon Bauer, the program lead of the Founders Launchpad and [artner of AHG Lab.
“We are very excited to have established partnerships with companies like PayMongo to offer more tangible value to the startups we work with,” he said.