PayRex

PayRex, based in the Philippines, offers modern end-to-end payment solutions, enabling businesses to optimize their financial operations through efficient online payment facilitation and automated financial processes. Founded in 2023, PayRex operates from Metro Manila, Philippines, providing payment solutions tailored for businesses. The company has undertaken a strategic evolution to focus on comprehensive payment processing and automation. PayRex completed its Series A round on January 26, 2026, raising USD 2.

000 mn from investor Kollab, bringing the total amount raised to USD 2. 000 mn. The firm has engaged in one significant deal to date. PayRex offers a comprehensive suite of modern end-to-end payment solutions designed to cater to the needs of businesses seeking to streamline their financial operations.

The core offerings include a payment gateway that facilitates online payments through various methods such as credit cards, e-wallets, and QR codes, enabling businesses to accept payments from customers efficiently. Additionally, the platform automates financial processes, providing functionalities such as real-time payment monitoring and automatic tax calculations, which are crucial for compliance. The Billing Statement API allows businesses to generate and send billing statements seamlessly, enhancing operational efficiency without requiring coding knowledge. PayRex targets a diverse client base that includes small and medium-sized enterprises as well as larger corporations, particularly in markets such as Southeast Asia, while its services are also adaptable for global scaling, making it suitable for businesses ready to expand internationally.

PayRex generates revenue through a structured transaction model that encompasses various pricing plans for its services. The company utilizes an integrated per-transaction pricing strategy, ensuring transparency and no hidden fees for its clients. Revenue is realized through business partnerships and direct transactions with a range of clients, including B2B and B2C sectors, where businesses pay fees for processing payments and utilizing financial automation tools. For instance, a retail client might integrate PayRex’s payment gateway to accept customer payments online, incurring a fee for each transaction processed.

Additionally, the use of its Billing Statement API may attract charges based on usage, reinforcing PayRex’s revenue generation model through a combination of service fees tied directly to the volume of transactions and the functionality utilized by its clients. In January 2026, PayRex raised USD 2. 000 mn in Series A funding from new investor Kollab. This funding will be utilized to develop new products and services, and to expand its merchant base and transaction volumes.

PayRex plans to launch new offerings aimed at enhancing its payment automation capabilities while also targeting regional expansion into Southeast Asian markets.