A

    Advance

    Responsible credit for businesses and their employees

    Founded
    2019
    Headquarters
    Taguig City, Metro Manila
    Stage
    Series A
    Total raised
    ₱872M
    From recorded rounds
    Licences
    2
    SEC

    Overview

    Advance (Advance Tech Lending Inc.) is a Philippine fintech that gives businesses and their employees fast, responsible credit. It pioneered the country's first 24/7 salary-on-demand (earned-wage-access) platform, letting employees draw a portion of already-earned pay early via a mobile app, integrated with employer HRIS/payroll. It has since added business working-capital products (Business Advance, direct and payroll disbursement). Serving roughly half a million employees through 200+ partner companies, Advance has raised about US$16M+ to date (a US$16M pre-Series A in March 2023) and expanded to Vietnam via the acquisition of BravoHR.

    Mission

    To improve employee financial wellness through accessible salary advance solutions.

    Products

    • Salary Advance (earned-wage access)
    • Business Advance — Direct Disbursement
    • Business Advance — Payroll Disbursement
    • Financial wellness tools

    Serves

    EmployeesEmployers

    Funding and ownership

    Total raised

    ₱872M

    Sum of recorded funding rounds

    Stage

    Series A

    Investors and shareholders

    Do VenturesLendableWavemaker PartnersNext Billion VenturesAccion Venture LabIntegra PartnersPhoenix HoldingsKaya FoundersFoxmont Capital PartnersOyster VenturesCrossocean VenturesDymon Asia Ventures

    Figures are calculated from the funding rounds recorded for this company.

    People

    • Jaime de los AngelesCo-Founder & CEO
    • Addi GuevaraCo-Founder & CFO
    • Enzo DoromalCTO

    Licences and certifications

    Something out of date? Suggest a correction