Inside the Industry: Enabling online business with PayMongo Mar 15, 2021 4:55 PM PHT Rappler.com Subscribe to Hustle: Inside the Industry on Apple Podcasts and Spotify Serial entrepreneur Luis Sia didn't expect to go into financial technology (fintech), but after seeing how small businesses struggled to accept digital payments, he knew something had to be done. In 2019, Luis co-founded PayMongo. PayMongo would soon be selected for the prestigious international startup incubator, Y Combinator – the first Filipino company since Kalibrr. They have since garnered support from renowned figures like Peter Thiel (PayPal) and Justin Mateen (Tinder). Throughout the pandemic, PayMongo's network has grown significantly with the amount of small business owners pivoting to e-commerce. The startup continues to diversify its products and services to cater to all needs for online business. With the Philippines' booming e-commerce market, both local and investors are eager to invest in Filipino companies.