Manila, Philippines – Mynt, the fintech company behind the GCash finance superapp, has secured authorisation from its board of directors and shareholders to file for a potential initial public offering (IPO) on the Philippine stock market.
In a statement released on June 17, Mynt said it plans to submit a registration statement to the Philippine Securities and Exchange Commission (SEC) and a listing application to the Philippine Stock Exchange (PSE). The proposed offering would represent 12% of the company’s total outstanding capital stock after the IPO.
According to the company, the offering will consist of both primary and secondary shares, with each common share carrying a par value of P0.03. The details were also disclosed by Globe Telecom in compliance with corporate governance and disclosure requirements.
Martha Sazon, President and CEO of Mynt, said the authorisation marks a significant step in the company’s development.
“Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines’ number one finance superapp and largest cashless ecosystem,” said Martha
She added, “The authorisation of our Board and shareholders allows us to work toward a potential public listing as the next step in Mynt’s growth journey, while continuing to focus on the priorities that have brought us to this point: serving customers, supporting merchants, strengthening our platform offering, and building the business for the long term.”
Founded in 2015, Mynt operates GCash, which traces its origins to a mobile money remittance service launched in 2004. Over the years, the platform has expanded beyond payments to include lending and a range of digital financial services for consumers, merchants, and enterprise partners.
The company said its growth reflects the broader adoption of digital financial services in the Philippines and the increasing role of mobile-first financial solutions in the country’s economy.
Sazon added that the company hopes its trajectory will encourage further innovation in the local technology sector.
“We hope Mynt’s journey could also inspire Filipino companies and startups, fostering a spirit of innovation and entrepreneurship in the local tech community, all while promoting the Philippines as a vibrant hub for technology and fintech innovation in Southeast Asia,” said Sazon.
Mynt noted that any potential IPO remains subject to regulatory approvals from the SEC and PSE, market conditions, transaction structure, governance approvals, and other customary closing requirements. The company said further disclosures will be made as appropriate and in accordance with applicable regulations.
