Ant-Backed Philippine Unicorn Will Expand in Fintech Before IPO – Bloomberg

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A Philippine fintech venture, whose flagship GCash payment platform clocked almost $73 billion in gross transactions last year, will consider an initial public offering only after expanding its services.
Globe Fintech Innovations Inc., a unit of wireless carrier Globe Telecom Inc., is seeking to include crypto currency and stock trading in its bouquet of services besides loans, investment and insurance it introduced in the past two years, Ernest Cu, the CEO of the parent said in an interview. The arm, also known as Mynt, already allows money transfers and online betting on cockfights.


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