# BAYANI PAY

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bayani-pay

- Industry: Software
- Headquarters: El Segundo, US
- Website: www.bayanipay.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Jun 13, 2024)
- Investors on record: 7

## About

Founded in 2021 by Winston Damarillo, and based in California, US, BAYANI PAY, INC. is a financial technology company that offers cross-border payments. In June 2024, BAYANI PAY, INC. raised USD 3 million in Series A funding co-led by Wavemaker Partners, PTGB, and Talino Venture Studios. The round was part of a larger USD 9.6 million Series A funding.

BayaniPay is a financial technology company that facilitates zero-fee remittances and payments from the United States to the Philippines. The platform offers a suite of services tailored to both consumers and businesses, including fast money transfers with competitive exchange rates, a digital checking account powered by East West Bank, and bill payment services. 

The company intends to use the June 2024 funding to accelerate its growth.

## Funding rounds

- Series A, Jun 13, 2024, $3M — Wavemaker Partners, Talino Venture Labs, PTGB
- Seed, Nov 23, 2022, $4.5M — Wavemaker Partners, East West Bank, Talino Fintech Foundry, Stonks, Republic

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- East West Bank — Seed
- Talino Fintech Foundry — Seed
- Stonks (https://capitalatlas.ai/funds/stonks) — Seed
- Republic — Seed
- Talino Venture Labs — Series A
- PTGB — Series A