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PayMongo raises $31m in Series B funding

Philippines based payments company raised $31m in Series B funding led by JAM Fund.

“There is so much more work to do in the Philippines. We also forecast more than doubling our team size to support this increasing demand and deliver on our aggressive product roadmap. In parallel, we have started some initial exploration and leg work to expand in the SE Asia region, a work we have kicked off last year.”

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msme, payments, credit cards, digital wallets