Kollab has announced a $2 million investment in PayRex, acquiring majority ownership as part of a shared commitment to build better payment and financial infrastructure for businesses in the Philippines.
For PayRex, this milestone represents more than capital or scale. It reflects years of building, listening, and solving real problems faced by local businesses. From startups finding their first customers to enterprises managing complex financial operations, PayRex was created with a simple belief: that payments should empower growth, not slow it down.
The investment follows PayRex’s strong growth and Series A progress, affirming confidence in its platform, leadership, and long-term vision. Together, Kollab and PayRex aim to make payment acceptance and financial reconciliation simpler, more reliable, and more accessible for startups, SMEs, and enterprises across the country.
PayRex was founded to address the everyday challenges Filipino businesses face. Fragmented payment methods, manual reconciliation, and operational friction often take time away from what matters most. By building a single, secure, and scalable platform that supports card payments, e-wallets, QR Ph, no-code payment pages, and finance automation tools, PayRex helps businesses focus less on complexity and more on growth.
Kollab shared that its decision to invest was guided by a shared belief that strong infrastructure builds stronger economies and communities. Payments sit at the heart of every business transaction, yet they are often the most complicated part of running a business. PayRex’s approach to building locally relevant, compliant, and thoughtfully designed payment solutions closely aligns with Kollab’s philosophy of supporting builders, operators, and entrepreneurs for the long term.
Under the new ownership structure, PayRex will continue operating as a payments-focused platform, supported by Kollab’s resources, network, and strategic direction. The investment will accelerate product development, strengthen platform reliability and regulatory compliance, and expand features that help businesses get paid faster and operate with greater confidence.
“We built PayRex to empower businesses in the digital era. Kollab’s investment will accelerate our vision to shape the future of payments with secure and seamless payment solutions,” said Jaime Hing, Co-Founder and CEO of PayRex.
For PayRex merchants, this partnership is about continuity and momentum. Day-to-day operations remain unchanged, while future improvements will focus on reducing friction, expanding integrations, and building infrastructure that businesses can rely on as they scale.
“It is truly exciting to be moving into the next phase of PayRex together with Kollab. This partnership will help drive economic progress in the Philippines,” said Edwin Lacierda, Co-Founder and President of PayRex.
The acquisition also strengthens Kollab’s broader ecosystem by embedding native payments and finance automation capabilities into its platform, opening new opportunities for commerce, monetization, and sustainable business growth.
At its core, this milestone is about people. The entrepreneurs building businesses, the teams running operations, and the communities they serve. Kollab and PayRex move forward together with a shared purpose. To build a practical, secure, and scalable financial infrastructure that helps Philippine businesses grow with confidence in a digital-first world.
Established in 2014, Kollab is a premier digital transformation advisor serving more than 1,100 companies across Southeast Asia. Kollab’s certified professionals collaborate with enterprise customers to deliver transformation through cloud-first and AI-first solutions and services. Kollab is certified as a Great Place to Work® and recognized with distinction as one of the Best Workplaces™ in Asia. In 2024 and 2025, Kollab was ranked No. 1 among the Philippines' Best Workplaces™.
Founded in 2023 by Philippine fintech thought leaders Jaime Hing and Edwin Lacierda, PayRex provides PCI-DSS compliant online payments, finance automation, billing statements, payment pages, and integrations with QR Ph, Shopify, and Billease, among others. PayRex is known for its transparent, straightforward pricing model with no hidden fees. PayRex is supervised and regulated by the Bangko Sentral ng Pilipinas.
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