The Philippines' first independent ATM deployer
Electronic Network Cash Tellers, Inc. (ENCASH) is the Philippines' first independent ATM deployer (IAD), founded in 2006 by Eric Severino. It installs privately owned, white-label ATMs in rural and underserved areas overlooked by commercial banks, partnering with rural banks, cooperatives, MFIs and merchants. ENCASH has rolled out 1,500+ terminals across 700+ partner sites in over 440 towns, and operates its own MegaLink-connected transaction switch plus a hand-held ATM/POS (KitaKit). It is a BSP-registered Operator of Payment System. Around 2012 it raised about PHP 109M (US$2.57M) from Rural Impulse Fund II and responsAbility.
To bring convenient cash access and basic financial services to the rural and underserved communities that traditional banks overlook.
Total raised
₱109M
Sum of recorded funding rounds
Stage
Series A
Figures are calculated from the funding rounds recorded for this company.
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