# Advance: Financial services, Makati, Philippines

> Advance: Advance PH, also known as Advance Tech Lending Inc., is a prominent FinTech startup in the Philippines focused on providing credit solutions to...

Source: https://millionrounds.com/startup/advance (Millionrounds; every figure on the page links to its filing or article)

Philippines · [Financial services startup](https://millionrounds.com/companies)

# Advance

Advance PH, also known as Advance Tech Lending Inc., is a prominent FinTech startup in the Philippines focused on providing credit solutions to Small and Medium Enterprises (SMEs) and individuals.

Funding reported Last round: Series A

Financial services Makati, Philippines

Company summary

- **Founded:** 2018 8 years old
- **Team:** 69 51 to 200 people
- **Funding reported:** 19.9M as listed, currency not stated
- **Last round:** Series A Mar 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Advance has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Advance

Advance PH, also known as Advance Tech Lending Inc., is a prominent FinTech startup in the Philippines focused on providing credit solutions to Small and Medium Enterprises (SMEs) and individuals.

The company aims to enhance financial access for those underserved by traditional banking. With a commitment to empowering businesses, Advance PH has become a trusted partner for over 500,000 employees and numerous business owners, offering flexible financial solutions at competitive interest rates. The company provides a range of lending products, including Invoice Financing and Payroll Financing for businesses, as well as Salary Advance Loans for employees. Their streamlined application process consists of three simple steps: Application Submission, Credit Assessment, and Contract Signing. This digital approach ensures quick access to funds, with repayment terms of up to 60 days. Advance PH is dedicated to fostering financial resilience and supporting the growth of SMEs across various sectors in the Philippines.

## What company datasets say Advance raised

Funding, as reported

Reported in all **19.9M** in the source's currency

Rounds **3**

Last round **Series A**

Last round size **16M**

Last round date **Mar 2023**

Investors listed **11**

## Founders and team

From Advance's own website: 1 founder, 1 on the team.

**Addi Guevara** Co-founder and CFO

- **Enzo Doromal** CTO

## On 5 portfolio pages

Investors who name them

- [Oyster Ventures](https://millionrounds.com/fund/oyster-ventures)
- [Kaya Founders](https://millionrounds.com/fund/kaya-founders)
- [Utopian Ventures](https://millionrounds.com/fund/utopian-ventures)
- [Next Billion Capital Partners](https://millionrounds.com/fund/next-billion-capital-partners)
- [Accion Venture Lab](https://millionrounds.com/fund/accion-venture-lab)

Each firm lists Advance on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

business growth support collateral-free loans cash flow gap bridging client receivables financing sme credit solutions short-term working capital cash flow management credit line management short-term credit instant disbursement invoice factoring credit limit unpaid receivables financing earned wages disbursement solutions non-collateral loans

Built with from their website

Next.js Google Tag Manager HTTP/3 Webflow Amazon CloudFront Google Hosted Libraries cdnjs Hubspot React styled-components

+8 more

Google Font API Open Graph webpack Amazon Route 53 Atlassian jQuery Google Search Console AWS Cloud

- **Sector:** Financial services
- **Industry code:** NAICS 52232, 522291, 522299, SIC 6162
- **Region:** Metro Manila
- **Revenue:** 3M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/advance-tech-lending)

## Financial services in Philippines

Startups like it

- [**OneLot** Makati · founded 2023 *Raised*](https://millionrounds.com/company/onelot)
- [**PayMongo** Taguig · founded 2019 *Raised*](https://millionrounds.com/company/paymongo)
- [**Maya** Mandaluyong · founded 2013](https://millionrounds.com/startup/maya-3)
- [**PayMaya Philippines** Mandaluyong · founded 2013](https://millionrounds.com/startup/paymaya-philippines)
- [**coins.ph** Pasig · founded 2014](https://millionrounds.com/startup/coins-ph)
- [**Asialink Group of Companies** Pasig](https://millionrounds.com/startup/asialink-group-of-companies)
- [**PDAX** Pasig · founded 2018](https://millionrounds.com/startup/pdax)
- [**Squads** Solana · founded 2021](https://millionrounds.com/startup/squads-5)

## Is this your company?

Add your raise, your deck and your story, and put Advance in front of investors. Or tell us what we have wrong.

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