What was the original idea behind PayMongo?
I was a freshman in MIT when the founders of Stripe, who were seniors at my school, created their startup. Throughout the years, we saw how it started taking over online payments and this served as an inspiration for our own business.
I knew that the Philippines was ripe for something similar. So in March of 2019, we just started coding. We had no concept and product yet, but we had 800 customers signing up for the waitlist. This signaled the value of what we were trying to bring to the market. A secure, easily accessible online payments channel was a service needed by all kinds of people, from multinationals to regular individual sellers who just wanted to conduct business online.