Mynt, the Filipino fintech company behind GCash, said on November 9 that its revenue for the first nine months of 2026 rose 12.2% year on year to 67.1 billion pesos (US$1.06 billion), driven by payments and lending.

Mynt’s net income for the period rose 17.4% to 16.5 billion pesos (US$261 million).

In the third quarter, Mynt said monthly active users reached 42.1 million.

As of September 30, its loan portfolio had grown 43.3% year on year to 79.3 billion pesos (US$1.26 billion).

After listing on the Philippine Stock Exchange, Mynt said its initial public offering could raise 60.9 billion pesos (US$964 million) if the overallotment option is fully exercised.

The offering surpassed previous IPOs in the Philippines by size, while Mynt was reportedly valued at US$7 billion.

Mynt’s lending growth comes as the Philippine Securities and Exchange Commission has lifted a five-year moratorium on online lending platforms under a new framework.

A separate proposal could shift oversight of lending apps to Bangko Sentral ng Pilipinas, the Philippines’ central bank.

🔗 Source: Mynt, Inc.