The citation under CB Insight’s Fintech 250 is prestigious, as Maya joins several global Fintech companies that include digital banks Revolut and N26, PayPal-backed payment processor Stripe, merchant platform Pine Labs, and crypto platform Binance.
“Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming how traditional banking, insurance, and investing products are delivered,” CB Insights Intelligence Unit SVP Brian Lee said.
The citation for Maya being among the most promising Fintech firms recognizes all of its efforts that include having an app that can do several things like payment and savings, expanding its network of merchants supporting its QR payment system, and having one of the fastest-growing digital banks in the Philippines.
” Being on this list validates our thrust of providing an integrated experience to our customers through our comprehensive digital financial ecosystem,” Maya Group President and Maya Bank Co-Founder Shailesh Baidwan said.
Currently, Maya has an ecosystem that consists of 51 million consumers and a network of 1.2 million MSMEs, while Maya Bank was able to record over Php 5 billion in deposits and over 650,000 customers three months after its launch.