#GCash investment

Mynt, the fintech company behind GCash, has authorized the filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) as part of a potential initial public offering (IPO). Founded in 2015, Mynt operates GCash, which traces its roots to a mobile money remittance service launched in 2004. GCash, under its operator Globe Fintech Innovations, Inc. (Mynt),  has recently attracted fresh capital investment from ASP Philippines LP, a limited partnership fund operated by investment firm Bow Wave Capital Management (Bow Wave), to further increase the growth of financial inclusion and the digitization of payments and financial services in the Philippines. Bow Wave is a close-ended private investment firm with a mandate to invest globally in online and mobile payment ecosystem companies, particularly in strategic partners and investments of the Ant Financial and Alibaba Group. Its investment in GCash is the company's first in the Philippines. This grants Bow Wave a minority equity interest in GCash. Other terms of the investment remain confidential. Read more in our articles including "GCash parent company Mynt plans IPO on Philippine Stock Exchange" and "GCash attracts investment from Bow Wave".