We’ve got some news about Pilon! This Singapore-based startup provides businesses with resources to better manage cash flows, and they just got some new $$$. 

• Did you know? Pilon came from the word piloncitos, small beads of gold that were used as currency in Philippine pre-colonial society. 
• Extra Scoop: They’ve applied their tech to Robinsons Bank and Universal Robina, businesses owned by the Philippines’ Gokongwei family. 

Investor check. They raised from Philippines-based VC firm Kaya Founders. 

• The amount raised was undisclosed.  
• Earlier this year, they raised a $5.2M round led by Wavemaker Partners.

‍

🧾 The ABCs of Pilon

Sometimes, you just want to receive your invoices ASAP. You’re a business, and that constant cash flow stream can be used for growth. 

Well, Pilon lets you claim your money without having to rush your customers to pay. 

• They offer invoice financing so you can get that $$$, while your customers get a 120-day grace period to pay what they owe you.

That’s not all! Their Recharge app lets employees cash out their salary in advance. And they just added live chat and introduction features so business owners can onboard with ease. 

‍

🌴 More fun in the Philippines? 

For Pilon, that seems to be the case. They’ll be building a Manila division team to support their expansion operations. 

• They’re also going to work on their digital product offerings. 
• Watch out! They’ll explore Vietnam, Thailand, and Indonesia next year.