{"id":73027,"date":"2026-02-02T07:46:21","date_gmt":"2026-02-01T23:46:21","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=73027"},"modified":"2026-01-28T12:47:47","modified_gmt":"2026-01-28T04:47:47","slug":"kollab-backs-payrex-with-2m-series-a-investment","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2026\/02\/02\/kollab-backs-payrex-with-2m-series-a-investment\/","title":{"rendered":"Kollab backs PayRex with $2M Series A investment"},"content":{"rendered":"

Young, mobile-first, and digitally fluent Filipinos are redefining how money moves. This new generation of users is now driving explosive growth in local digital financial services, positioning the Philippines as one of Southeast Asia\u2019s most promising fintech markets as demand for secure and seamless e-payments continues to rise.<\/strong><\/p>\n

Recognizing this potential, Kollab has committed USD 2 million Series A funding in fintech startup Evolut10n Labs, Inc. (doing business as PayRex) to modernize local businesses\u2019 payment systems with fast, easy, and secure payment solutions.<\/p>\n

Since its launch in late 2023, PayRex has quickly earned its status as one of the country\u2019s leading providers of end-to-end online payment solutions. Beyond digitizing business transactions, PayRex\u2019s offerings meet global cybersecurity standards to safeguard clients\u2019 sensitive information online. Its co-founders, Jaime Hing and Edwin Lacierda, are also established thought leaders in digital payments and were among the co-founders of PayMongo, another local fintech player.<\/p>\n

PayRex provides PCI DSS-compliant online payment solutions that support credit and debit cards, GCash, Maya, and other leading payment options. They also provide finance automation, billing statements, payment pages, and integrations with Shopify, QR Ph, and Billease, among others. With a transparent and straightforward pricing model, PayRex enables businesses to simplify payment operations with confidence. PayRex is supervised by the Bangko Sentral ng Pilipinas.<\/p>\n

Kollab\u2019s Series A investment will enable PayRex to accelerate the development of new solutions and services that are currently in the pipeline. PayRex also plans to take advantage of its strong momentum by expanding to more merchant partners across the country and increasing its transaction payment volume.<\/p>\n

Today, PayRex supports a growing base of merchants across all industries, including De La Salle – College of Saint Benilde, Wheyl Nutrition, and Linya-Linya. SM Investments subsidiaries such as SM Markets, National University, and The SM Store also utilize their payment solutions. SM Investments is an early investor in PayRex.<\/p>\n

\u201cHere at PayRex, we empower businesses in the digital era. Our platform is built to solve modern fintech needs to help businesses simplify their operations and enhance customer experience,\u201d said PayRex Co-Founder & CEO Jaime Hing. \u201cWe are grateful to have found a like-minded partner in Kollab and are confident that this Series A investment will help us build the future of payments in the Philippines.\u201d<\/p>\n

PayRex Co-Founder & President Edwin Lacierda also expressed his enthusiasm about this investment, \u201cIt is truly exciting to be moving into the next phase of PayRex together with Kollab. This partnership will help shape economic progress in the Philippines as more businesses accept digital payments.\u201d He furthered, \u201cAs we enter this next chapter, we renew our commitment to help local businesses achieve financial success.\u201d<\/p>\n

Kollab\u2019s Series A investment in PayRex marks a new era for the fintech provider, as it accelerates innovation in helping Filipino enterprises grow and scale their operations. For more information on PayRex, visit payrex.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kollab has committed USD 2 million Series A funding in fintech startup Evolut10n Labs, Inc. (doing business as PayRex) to modernize local businesses\u2019 payment systems with fast, easy, and secure payment solutions.<\/p>\n","protected":false},"author":6,"featured_media":73028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7687,7953,96],"class_list":["post-73027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-kollab","tag-payrex","tag-technology"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/73027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=73027"}],"version-history":[{"count":1,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/73027\/revisions"}],"predecessor-version":[{"id":73029,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/73027\/revisions\/73029"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/73028"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=73027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=73027"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=73027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}