Higala

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Higala is an Open Payments Platform that connects new market players to the financial services sector, enabling them to offer competitive payment solutions through partnerships with local banks. The platform facilitates instant payments across various banks and wallets, addressing the need for financial inclusion and efficient transaction processing in the digital economy.

HQ unknown

6300+ followers

Financial Technology
Software Only

Updated 4 months ago

Funding

Raised to date

$2.8MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

1982 VenturesNo round attributed

1982.vc (opens in a new tab)investor website
Source unavailable

KadanNo round attributed

kadan.vc (opens in a new tab)investor website

Funding rounds are not available yet.

Founders

2 founders

Vice Catudio

Digital economic transformation advocate with focus on digital payments, digital financial inclusion and e-commerce

Winston Damarillo

Entrepreneur, Venture Capitalist and Strategist

Product

Problem

Many new market entrants in the Philippines struggle to offer competitive payment solutions due to the complexities of connecting to the existing financial infrastructure. This limits innovation and hinders financial inclusion for consumers and businesses.

Solution

Higala provides an Open Payments Platform that connects new market players to the financial services sector, enabling them to offer competitive payment solutions through partnerships with local banks and financial institutions. The platform facilitates instant payments across various banks and wallets, addressing the need for efficient transaction processing in the digital economy. By lowering the on-ramp barrier and switching costs, Higala broadens participation for financial institutions and enables new market players to offer innovative payment services that address the changing needs of customers. The platform supports inclusive instant payment systems through its partnership with the Mojaloop Foundation.

Target Audience

Higala targets new market players seeking to offer innovative payment solutions, as well as financial institutions looking to expand their reach and improve their payment infrastructure.

Features

Open API platform for seamless integration with various banks and wallets
Instant payment processing across different financial institutions
Low-code tools for rapid deployment of payment solutions
Support for inclusive instant payment systems through Mojaloop integration
Compliant with local regulations and industry standards