GCash Parent Mynt Reports Keen On IPO with Timeline Yet To Be Set

Globe subsidiary Mynt, the operator of GCash, is evaluating various capital-raising options, including a potential initial public offering (IPO).

While no official timeline has been established, the company and its shareholders remain open to different capital solutions.

Globe Chief Finance Officer Juan Carlo Puno stated:

The company is currently prioritising business growth amid evolving macroeconomic and regulatory conditions.

Mynt’s attributable equity earnings to Globe rose 64% year-on-year in 2025, reaching PHP 6.1 billion.

This performance accounted for approximately 22% of Globe’s pretax income.

Martha Sazon, Mynt President and CEO, noted that the momentum reflects digital finance becoming “more embedded in daily life”.

Significant growth was recorded across the firm’s lending and investment portfolios in 2025. Fuse Financing, Mynt’s lending arm, disbursed PHP 362 billion life-to-date, marking a 65% increase from the previous year.

The platform reached 10.5 million unique borrowers, supported by its proprietary trust scoring system.

Furthermore, GStocks PH reported a 65% increase in registered users to 1.7 million, and insurance policies sold via GInsure nearly tripled to 132.6 million.

Financial inclusion remains a core focus, with 90% of users coming from lower socio-economic segments and 78% residing outside Metro Manila.

Analysts at First Metro Securities estimate that Mynt represents 32% of Globe’s valuation, though they flagged potential regulatory risks, such as tighter online gambling rules, which could affect future earnings.

Featured image: Edited by Fintech News Philippines based on an image by Pixelid via Freepik.

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