PayMongo YC Application

Summer 2019Active

PayMongo went through Y Combinator in the Summer 2019 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2019
Industry: FintechPayments
Team size: 220
Status: Active
Launched: 2019

Founders

Luis SiaFounder

What PayMongo does

PayMongo builds products and tools that enable thousands of individuals and businesses in the Philippines to make and receive payments over the Internet. We support payments through credit or debit cards, electronic wallets, over-the-counter payments and many more. We build robust APIs, plugins and other products that abstract out the complexities of payments from our users so they can get up and running quickly and focus on their business. Our investors include Founders Fund, Peter Thiel, Bedrock Capital and Stripe.

PayMongo's YC application, reconstructed

Y Combinator application

PayMongo, Summer 2019 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

PayMongo

Describe what your company does in 50 characters or less.

Modern online payments for the Philippines

What is your company going to make? Please describe your product and what it does or will do.

We build APIs, plugins, and tools that allow businesses in the Philippines to accept payments online through cards, e-wallets, and over-the-counter methods. Our platform handles the complexities of payments so users can launch quickly and focus on their business.

Where do you live now, and where would the company be based after YC?

We live in Taguig, NCR, Philippines, and intend to keep the company based here after YC.

Explain your decision regarding location.

We are based in the Philippines because that's where the problem exists. The local payments ecosystem here is fragmented and hard for businesses of all sizes to navigate, so we build specifically for this market.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real PayMongo YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from PayMongo's public data (launch notes, founder backgrounds, product description). It shows how a company like PayMongo would present itself to YC, not the text they submitted.