Plentina, a ‘buy now, pay later’ startup focused on emerging markets, raises another $2.2M – TechCrunch
Summary
The new capital will be used to accelerate Plentina’s growth in the Philippines, expand its products and begin exploring launches in other countries, including Vietnam. When Plentina was launched in the Philippines last October, it initially focused on everyday needs and signed partnerships with vendors such as Seven-Eleven and Telecom Smart Communications. Its merchants include e-commerce platforms and offline retailers such as Isetann Supermarket, Lazada, Zalora, Shopee, Agoda, McDonald’s, Philippine Airlines, Razer E-Pins and National Bookstores. “We are guided by our mission to democratize financial services to emerging markets, so we plan to expand to Vietnam in 2022,” Valencia told TechCrunch. In a statement, TMV founder and general partner Solaya Daravi said: They have the discipline of the domain to focus on this bold opportunity and the tenacity to make it successful.