53759 - Mynt Equity

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Summary of Investment Information

Project Number

53759

Company Name

Mynt, Inc

Date SPI Disclosed

Sep 23, 2026

Country

Philippines

Region

East Asia and the Pacific

Projected Board Date

Sep 18, 2026

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Oct 4, 2026

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Sep 18, 2026
Signed : Sep 22, 2026

Sector

E-wallets, virtual banks

Project Description

The proposed investment comprises PHP 4.4 billion (approximately US$70 million equivalent), from IFC’s own account in common shares of Mynt, Inc. (“Mynt” or the “Company”) through its Initial Public Offering (“IPO”) on the Philippine Stock Exchange, Inc. (“PSE”) as a cornerstone investor (“the Project”). Mynt is the parent company of the group behind “GCash”, (the GCash App), the Philippines’ leading finance super app focused on providing financial services to the underserved segments in the Philippines, with 41.5 million monthly active users for the three months ended June 2026, representing approximately 56% of the Philippine adult population. The IPO will be comprised of a primary and secondary offering. The proceeds from the primary offering will be utilized to strengthen and grow Mynt’s Digital Financial Services (which is primarily comprised of its CreditTech business, Mynt’s digital lending business operated via Fuse Financing, Inc.), product development, and other general corporate purposes.

Associated Advisory Engagement

IFC has an ongoing FIG Advisory project with Mynt focused on helping MSMEs in the Philippines and selected Asian markets better integrate sustainability practices into their business operations.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	80.12

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Equity	Equity & QE - Fintech

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

The most significant expected Project-level impact will be the increased access to digital payment and financial services for individuals and MSMEs in the Philippines. Beyond these, IFC anticipates that the Project will contribute to deepening the Philippine equity capital market by broadening investor participation, demonstrating the viability of public listings for high-growth fintech companies, expanding access to long-term growth capital, and encouraging other issuers across sectors to consider public markets as a viable funding pathway.

IFC will serve as a cornerstone investor in Mynt’s IPO, helping support demand formation, enhance pricing confidence, and contribute to the successful execution of the transaction. In connection with this investment, Mynt will be required to develop and implement an Environmental and Social Management System (ESMS), in accordance with IFC’s applicable E&S requirements and drawing on IFC’s global experience and international best practices.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Number of Active Users	individuals		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

The project is an equity investment in Mynt. The existing lending portfolio of the company is dominated by consumer lending and micro-lending, with MSME lending as part of its future growth strategy. The project will not support any coal-related activities, or any higher E&S risk business activities that may involve (a) involuntary resettlement, (b) risk of adverse impacts on indigenous peoples, (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, (d) risk of retrenchment, or (e) significant occupational health and safety risks. The project is expected to have overall medium E&S risks and has been categorized as FI-2 in accordance with IFC's Sustainability Policy. Applicable E&S performance requirements for the project will be the IFC Exclusion List and relevant national E&S laws and regulations.

The project's key E&S risks will derive from Mynt's MSME lending activities and its capacity to develop and implement an E&S Management System (ESMS) to manage such risks. Typical E&S risks associated with the MSME lending activities relate to occupational health and safety, life and fire safety, labor and working conditions, pollution and waste management, among others.

Mynt currently does not have an E&S Management System. Pursuant to IFC's investment, Mynt will develop and implement an E&S Management System to identify, assess, manage and monitor the E&S risks of its operations in accordance with IFC's E&S requirements. The Company’s own human resources practices are broadly aligned with IFC Performance Standard 2 on labor and working conditions.

S.no	Title	Anticipated Completion Date
1	Nominate an ESMS officer	09/23/2026
2	Develop an E&S Management System	03/22/2027
3	ESMS training	09/23/2026

Contacts

For Inquiries About the Project, Contact

Mynt Inc.
Allan Arthur Cabrera
Strategic Finance Head
+63917112 9204
investorrelations@gcash.com
30th Floor, W City Center, 7th Avenue corner 30th Street, Bonifacio Global City, Taguig City, Metro
https://mynt.com.ph/

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