Talino Lands $7.5 Million in Series A Round
Talino, a company known for enabling rapid deployment of secure and compliant fintech products, has announced the successful closing of a $7.5 million Series A funding round. This round was led by Chemonics International, with participation from Mt Sinai Capital and Gulf Blvd. Winston Damarillo, the founder and CEO, emphasized the strategic significance of this investment, stating that the company is transitioning from a venture studio to a full-scale fintech foundry.
Transforming Cross-Border Financial Services
Talino is leveraging this new capital to build an API-first connectivity layer aimed at replacing outdated financial systems. This initiative is expected to enable interoperable, cross-border financial services, significantly reducing regulatory complexity and technical fragmentation. By improving liquidity for high-volume international transactions, Talino aims to address long-standing inefficiencies in the fintech sector, particularly in underserved and emerging markets.
Strategic Use of Funds
The funds will be instrumental in developing a modern, interoperable infrastructure that facilitates faster product launches and reduces compliance burdens. Talino plans to enhance its platform's capability to support scalable global payment infrastructure. This includes specific projects like BayaniPay for zero-fee remittances, Higala for instant payments in microfinance, and Bahai Deals for real estate financing in the Philippines.
Partnerships and Regulatory Compliance
Talino's competitive edge is partly due to its integration with Mojaloop, an open-source payments infrastructure initiative supported by the Gates Foundation. This integration ensures real-time interoperability by adhering to ISO 20022 standards. Additionally, the company holds Money Service Business licenses in both the U.S. and Canada, enabling it to offer a regulatory-as-a-service model to its partners.
The company has also announced partnerships with PDAX and Bridge, aimed at enhancing liquidity and streamlining cross-border payments. These partnerships are particularly focused on enabling stablecoin transfers between the U.S. and the Philippines.
Looking Forward
With this new funding, Talino is well-positioned to dismantle fintech barriers between the U.S. and emerging markets. As Winston Damarillo noted, "Talino is shifting from building startups to building the very ecosystem that allows startups to thrive." This evolution is expected to fuel the company's momentum as it continues to modernize cross-border financial infrastructure.