Founded in late 2023 by Jaime Hing and Edwin Lacierda, PayRex provides a PCI DSS-compliant payments platform that lets merchants accept credit and debit cards, GCash, Maya and other local payment methods. Beyond payment acceptance, the company offers finance automation, billing tools and integrations with Shopify, QR Ph and Billease to streamline back-office operations. Regulated by the Bangko Sentral ng Pilipinas, PayRex already serves clients such as De La Salle – College of Saint Benilde, Wheyl Nutrition, Linya-Linya and SM Investments’ subsidiaries including SM Markets, National University and The SM Store. The startup plans to channel new funding into accelerated product development, new service roll-outs and higher transaction volumes as digital payments surge in the Philippines. Operating in one of Southeast Asia’s fastest-growing fintech markets, PayRex positions itself as critical infrastructure for merchants seeking secure, seamless e-payments. SM Investments Corporation is an early backer, signaling institutional confidence in the company’s growth prospects. The company has not yet disclosed revenue or user numbers.

Total raised

$2M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2026