Key facts
- Mynt, the parent company of Philippine fintech unicorn GCash, has filed an application for an initial public offering (IPO).
- The IPO is planned for the Philippine Stock Exchange.
- Mynt's attributable equity earnings to Globe rose 64% year-on-year in 2025, reaching PHP 6.1 billion.
- Fuse Financing, Mynt's lending arm, disbursed PHP 362 billion life-to-date.
- GStocks PH reported 1.7 million registered users, a 65% increase.
- Insurance policies sold via GInsure nearly tripled to 132.6 million.
Mynt, the parent company of the Philippine fintech unicorn GCash, has announced its intention to pursue an initial public offering (IPO). The company's board of directors filed an application on June 17 to list its shares on the Philippine Stock Exchange, a move that is anticipated to generate significant interest in the local stock market.
While no definitive timeline has been established for the IPO, Mynt and its shareholders are reportedly open to various capital-raising strategies, including a public listing. Globe Chief Finance Officer Juan Carlo Puno confirmed this openness, emphasizing that no official decision on timing has been made.
The company is currently focused on business growth amidst evolving macroeconomic and regulatory conditions. In 2025, Mynt's attributable equity earnings to Globe saw a substantial increase of 64% year-on-year, reaching PHP 6.1 billion, which accounted for approximately 22% of Globe’s pretax income. Mynt President and CEO Martha Sazon highlighted that digital finance is becoming increasingly integrated into daily life.
Significant growth was observed across Mynt's lending and investment portfolios in 2025. Fuse Financing, the company's lending arm, has disbursed PHP 362 billion life-to-date, marking a 65% increase from the prior year and reaching 10.5 million unique borrowers. Additionally, GStocks PH reported a 65% rise in registered users to 1.7 million, and insurance policies sold through GInsure nearly tripled to 132.6 million.
Mynt's focus on financial inclusion is evident, with 90% of its users from lower socio-economic segments and 78% residing outside Metro Manila. Analysts at First Metro Securities estimate Mynt contributes 32% to Globe's overall valuation, though they have noted potential regulatory risks, such as stricter online gambling rules, that could impact future earnings.