# Ayannah Business Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ayannah-business-solutions

- Industry: Software
- Headquarters: Pasig City, Philippines
- Website: www.ayannah.com/
- Total disclosed funding: $4M
- Latest round: Series A (Dec 30, 2015)
- Investors on record: 10

## About

Ayannah Business Solutions, Inc. is a digital finance and commerce company that offers innovative solutions specifically designed for the emerging middle class and underserved populations, including migrants and unbanked individuals.Founded in 2010, Ayannah Business Solutions, Inc. operates from its headquarters in Pasig City, Philippines. The company focuses on providing digital financial services and has engaged in five deals to date, with its most recent funding round occurring on December 30, 2015. The company raised USD 1.0 mn in a Series A round co-led by 500 Global and Life.SREDA, with support from investors such as BEENEXT and Blue Compass Investments. Miguel Perez, the founder, has a background in developing financial services that cater to specific market needs.Ayannah provides a comprehensive suite of digital finance and commerce solutions, with core offerings including Sendah Direct and Sendah Remit. Sendah Direct, launched in October 2010, serves over 7,000 retail outlets, facilitating secure transactions for mobile top-ups and remittances. Sendah Remit enables international and domestic remittances through an interoperable platform, enhancing transaction convenience. Additionally, Ayannah's Asira platform in Indonesia focuses on B2B2C and B2C applications related to lending, insurance, and investment, serving a growing user base across diverse regions.In the most recent fiscal year of 2023, Ayannah generated revenue amounting to USD 100,703.30, with an EBITDA of USD -413,378.70. The company generates revenue primarily through transactional fees from its platforms, engaging various parties in day-to-day transactions that contribute to its financial performance.Ayannah plans to enhance its service offerings through the launch of new products aimed at expanding its market reach. The company is targeting further growth in Southeast Asian markets, along with potential expansions into Latin America and South Asia by the end of 2024. The funding raised in the 2015 Series A round will be allocated towards developing these new offerings and supporting market penetration strategies.

## Funding rounds

- Series A, Dec 30, 2015, $1M — Wavemaker Partners, 500 Global, Life.SREDA, Golden Gate Ventures, Beenos, STRIVE, Spiral Ventures, BEENEXT, Privé Financial, Blue Compass Investments
- Seed, Oct 2, 2014, $0.5M — STRIVE, Spiral Ventures
- Seed, Jul 21, 2014, $1M — Wavemaker Partners, Golden Gate Ventures, Beenos, Spiral Ventures
- Seed, Jun 18, 2013, $1M — Wavemaker Partners, Golden Gate Ventures
- Seed, Apr 3, 2012, $0.5M — Wavemaker Partners

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Seed, Series A
- Beenos — Seed, Series A
- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Seed, Series A
- STRIVE (https://capitalatlas.ai/funds/strive) — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Life.SREDA (https://capitalatlas.ai/funds/life-sreda) — Series A
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A
- Privé Financial — Series A
- Blue Compass Investments (https://capitalatlas.ai/funds/blue-compass-investments) — Series A