MANILA — Mynt, Inc., the fintech pioneer behind the Philippines' leading finance superapp GCash, announced that its Board of Directors and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for a potential initial public offering (IPO).
The offer will represent 12.0% of Mynt's total outstanding capital stock post-IPO, with each common share having a par value of P0.03. The firm shares will consist of both primary and secondary offerings. This information was also disclosed by Globe Telecom, Inc. in compliance with corporate governance standards and disclosure rules.
Martha Sazon, President and CEO of Mynt, stated: "Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines’ number one finance superapp and largest cashless ecosystem. The authorization 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 serving customers, supporting merchants, strengthening our platform, and building the business for the long term."
Since its founding in 2015, Mynt has built a national-scale digital finance ecosystem through GCash, which began as an SMS-based remittance service in 2004. GCash now serves consumers, merchants, and enterprise partners across payment solutions, lending, and other digital financial services. The company's growth reflects the increasing role of digital finance in the Philippine economy and the adoption of mobile-first financial services.
Sazon added: "We hope Mynt’s journey could also inspire Filipino companies and startups, fostering a spirit of innovation and entrepreneurship in the local tech community, while promoting the Philippines as a vibrant hub for technology and fintech innovation in Southeast Asia."
Further disclosures will be made at the appropriate time. Any potential offering remains subject to SEC registration requirements, PSE listing requirements, market conditions, transaction structure, governance approvals, and other customary closing conditions.
