Talino Venture Labs, a next-generation corporate innovation fund investing in North America and Southeast Asia, led a US $1.25 million investment in Talino Venture Labs, a global venture studio for inclusive fintech.
The round was also joined by Foxmont Capital Partners, Johnsen Global Business Ventures, and Manila Angel Investors Network (MAIN).
The cash will be used for technological R&D and working capital by the Philippine firm.
Talino Venture Labs also stated that it has started an equity crowdfunding campaign on Wefunder.com, which had collected over US $270,000 in commitments from almost 100 investors.
Talino Venture Labs was founded at the crossroads of Silicon Valley and Southeast Asia with the goal of bridging financial inclusion for the world’s 1.7 billion people. It employs the venture studio model to create repeatable, scalable, and lucrative fintech firms that provide financial access and mobility to disadvantaged and underrepresented communities all around the world.
BayaniPay, Neotech, Asenso, Saphron, Unawa, and DevCon are among the six fintech businesses that Talino has previously fostered. They serve a total of 10 million consumers in the US-Asia corridor.
“Talino Venture Labs started almost three years ago with the mission to become a venture studio for inclusive fintech,” said CEO Winston Damarillo. “While our venture studio has already been able to raise US$7 million in venture capital for our portfolio companies and operate profitably with over US$2 million in revenue since 2019, our latest funding round and our equity crowdfunding campaign signal a new chapter in Talino’s history.”
“Now, we’re making Talino itself accessible to retail investors who want to invest in innovation with impact. For as little as US$100 on our Wefunder campaign, they can be part of our journey to empower the emerging middle class with inclusive fintech innovation. This is closely aligned with our own mission of inclusive finance as we make financial opportunities available to more people around the world,” he added.
