The Philippine digital landscape is undergoing a massive shift, driven by a “mobile-first” generation that demands speed and security. Kollab, a leading digital transformation consultancy, has recognized this potential by committing $2 million in Series A funding to PayRex (Evolut10n Labs, Inc.).
This investment marks a turning point for PayRex, which has rapidly climbed the ranks since its late 2023 launch. Led by industry heavyweights Jaime Hing and Edwin Lacierda—the same minds who co-founded PayMongo—PayRex is positioning itself as the premier end-to-end payment infrastructure for Filipino enterprises.
PayRex isn’t just another payment gateway; it’s a full-stack finance automation platform. Here’s what makes it a preferred choice for brands like Linya-Linya, Wheyl Nutrition, and SM Markets:
| Feature | Details |
| Accepted Payments | GCash, Maya, QR Ph, Billease, and Credit/Debit Cards. |
| Security | PCI DSS Level 1 Certified & BSP Regulated. |
| Automation | Automated VAT/EWT computation and finance reconciliation. |
| No-Code Tools | PayRex Pages and Billing Statements (send via chat/SMS). |
| Integrations | Seamless plugins for Shopify, ERPs, and data warehouses. |
One of PayRex’s strongest selling points is its straightforward, VAT-exclusive pricing model with no setup or monthly maintenance fees.
- E-Wallets (GCash/Maya): 2.3% per successful charge.
- QR Ph: ₱25 per successful payment.
- Credit/Debit Cards: 3.5% + ₱12 per successful charge (+1% for international cards).
- Billease: 1.5% per successful payment.
With the $2M infusion, PayRex is accelerating its development of “all-scenario” solutions. Under the new majority ownership by Kollab, the platform will integrate even more deeply with cloud and AI-first services, helping local businesses scale without the “manual spreadsheet” headache.
