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Philippine fintech startup Lista has raised about $5.1 million in Sequence A funding led by Singapore-based Openspace Ventures, an early backer of Indonesia’s Gojek and 30 Underneath 30 Asia honoree Rexy Josh Dorado’s Manila-based social media website Kumu.
The spherical included current buyers 1982 Ventures, East Ventures (whose portfolio consists of Southeast Asian on-line journey big Traveloka, Indonesian fintech unicorn Xendit and Indonesian e-commerce firm Tokopedia—which merged with Gojek final 12 months to type GoTo Group) and Saison Capital, the enterprise capital arm of Japanese bank card firm Credit score Saison. Kumu cofounders Dorado and Roland Ros, amongst others, joined the spherical as angel buyers.
“We’re grateful for the belief these buyers have given, not simply in us, however within the huge potential of the quickly creating fintech trade within the Philippines,” Aaron Villegas, cofounder and CEO of Lista, mentioned in an announcement. In February, PayMongo, one other Philippine fintech startup, raised $31 million in Sequence B funding from buyers together with Tinder cofounder Justin Mateen’s JAM Fund and Philippine enterprise capital corporations ICCP SBI Enterprise Companions and Kaya Founders, which is led by Lisa Gokongwei, a member of the billionaire household that controls the JG Summit conglomerate.
“We proceed to develop organically at a really accelerated tempo, however we additionally search out alternatives past what we’re doing. We’ve got a really aggressive pipeline,” added Villegas.
Villegas cofounded Lista with Khriz Lim in September 2021. The startup says it has had greater than 1 million downloads since its launch.
Lista mentioned the contemporary funds will probably be used to develop past enterprise administration instruments and develop merchandise particular to non-public funds for particular person customers. “About 30% of our person base are Filipinos who shouldn’t have any enterprise however wish to take cost of their private finance,” mentioned Lim. “They monitor their wage, payments fee, and even financial savings utilizing Lista. We consider this can be a class that holds loads of development potential for us.”
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