Higala extends seed funding round to $4M
As this developed, Talino, Chemonics International, Kadan Capital, Tenco Capital, and 1982 Ventures announced the extension of Higala’s seed funding round to $4M, amplifying Synerfi’s digital transformation capabilities.
“Fresh funds from our investors will help accelerate Higala’s capabilities of powering SynerFi and helping more financial institutions grow and expand their services to their customers and become active players in the digital economy,” Damarilio emphasized.
Chemonics International President and CEO Jamey Butcher commented: “After successfully raising our target seed funding of $2.8M, we’ve expanded our round to $4M due to increased interest in Higala and signaling investor confidence in our product.”
He added: “Through SynerFi, Rural Bank customers throughout the Philippines will now have access to mobile banking for the first time. This is a huge step towards financial inclusion, which Chemonics has been committed to supporting in the Philippines for almost 40 years. As a company with experience in over 160 countries, we’ve seen firsthand how inclusive digital tools can transform lives and communities. SynerFi is not just a breakthrough for the Philippines—it’s part of a broader global shift toward empowering underserved populations through technology,” Butcher adds.
