SquidPay Technology Inc.

SquidPay Technology Inc. is a financial technology firm focused on delivering innovative digital payment solutions for various users, including retailers and consumers, enhancing transaction efficiency and security. Founded in 2020 and headquartered in Pasig City, Philippines, SquidPay Technology Inc. operates as a standalone company.

The firm has engaged in one funding deal, which culminated in a Series A round where it raised PHP 100 million on December 14, 2020, bringing the total amount raised to PHP 100 million and achieving a current company valuation of PHP 1,100 million. The CEO of the company is Marvin D. Squidpay. ph specializes in digital payment solutions designed for both retailers and consumers.

Their platform provides a secure payment gateway that facilitates online and in-store transactions, addressing issues like transaction delays and high processing fees. The services cater to a range of clients, from small local businesses to larger enterprises, particularly in Southeast Asia, including the Philippines, Malaysia, and Indonesia. Released in 2025, these solutions are positioned to support the growing e-commerce sector and the increasing demand for cashless transactions. Squidpay.

ph generates revenue through transaction fees and service subscriptions. Merchants pay a percentage for each transaction processed through the platform. The model accommodates both B2B partnerships and direct-to-consumer sales, allowing flexibility in service usage. Retailers using the gateway incur transaction fees, while larger businesses benefit from monthly subscription plans that come with added features and lower transaction costs.

Their core services integrate seamlessly into existing sales processes, meeting the needs of both consumers and merchants. SquidPay Technology Inc. aims to expand its product offerings and market presence in the forthcoming years. The firm is currently designing new payment solutions set to launch in 2025, which will enhance its existing services.

Additionally, SquidPay plans to extend its operations into new markets across Southeast Asia by 2025, aiming to capture a broader customer base. The recent Series A funding of PHP 100 million will be utilized to support these product development initiatives and market expansion strategies.