Talino Venture Labs CEO Winston Damarillo Talino
Talino Venture Labs, a global venture studio for inclusive fintech, has secured US$1.25 million led by Wavemaker Labs, a next-generation corporate innovation fund investing in North America and Southeast Asia.
Foxmont Capital Partners, Johnsen Global Business Ventures, and Manila Angel Investors Network (MAIN) also joined the round.
The Philippine startup will use funds for technology R&D and working capital.
Talino Venture Labs also announced that it has launched an equity crowdfunding campaign on Wefunder.com and received commitments of over US$270,000 from almost 100 investors.
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Born in the intersection of Silicon Valley and Southeast Asia, Talino Venture Labs is on a mission to bridge financial inclusion for over 1.7 billion people around the world. It uses the venture studio model to build repeatable, scalable, and profitable fintech companies that empower underserved, underrepresented groups around the world with financial access and mobility.
Talino has already incubated six fintech startups, such as BayaniPay, Neotech, Asenso, Saphron, Unawa, and DevCon. They together serve ~10 million customers within the US and 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.
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Image Credit: Talino Venture Labs
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