Ayannah seeks Series B funding

Philippine: Philippine fintech startup Ayannah, which is backed by the likes of Wavemaker Partners, 500 Startups, and Golden Gate Ventures, is seeking to raise a Series B round of funding to fuel its future expansion into Vietnam and India, its founder and CEO Mikko Perez

Headquartered in Metro Manila, Ayannah aims to provide digital financial services to the middle-class in emerging markets — by partnering with financial companies to launch services on their behalf.

“Apart from cash, there are three key attributes we are looking for in prospective investors: 1) domain knowledge/expertise in fintech, 2) business synergies through both global and local connections, and 3) alignment in terms of business strategy, current and future valuation expectations, and exit strategy,” Perez said.

Founded in 2010 by Perez, Ayannah has developed two products — Sendah Direct and Sendah Remit.

According to Perez, the company recently partnered with Philippine microfinancing institution CARD to launch digital lending services for its seven million members.