Deep Dive: PayMongos precarious predicament

Published: Oct. 12, 2022, 6:53 a.m.

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Once a rising fintech company that drew in investors such as Y Combinator and Stripe, Philippines-based PayMongo now finds itself in a precarious position.

Allegations of questionable spending and employee harassment from senior leaders cropped up a few months ago, leading Francis Plaza, the startup\\u2019s CEO, to go on voluntary leave.

What happened at PayMongo? And what can other fast-growing companies do to avoid the same fate? On this episode of\\xa0Deep Dive,\\xa0Tech in Asia\\xa0journalist Melissa Goh discusses the events that led the company to its current state, how the incidents have affected PayMongo\\u2019s growth and performance, and the importance of strong corporate governance.

Featured reporters:

  • Melissa Goh, a\\xa0Tech in Asia\\xa0journalist based in Singapore

Essential reading:

Tech in Asia\\xa0has launched a new podcast for World Mental Health Day.\\xa0Vibe Check: Mental Health in the Startup World\\xa0follows\\xa0Tech in Asia writer and editor Winston Zhang on his quest to better manage his mental well-being through conversations with startup leaders and mental health professionals. Weekly episodes are available throughout the month of October on Spotify, Apple Podcasts, and wherever you get your podcasts.

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