Deep Dive: PayMongo’s precarious predicament

<p>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.</p> <p>Allegations of questionable spending and employee harassment from senior leaders cropped up a few months ago, leading Francis Plaza, the startup’s CEO, to go on voluntary leave.</p> <p>What happened at PayMongo? And what can other fast-growing companies do to avoid the same fate? On this episode of <em>Deep Dive</em>, <em>Tech in Asia</em> journalist Melissa Goh discusses the events that led the company to its current state, how the incidents have affected PayMongo’s growth and performance, and the importance of strong corporate governance.</p> <h3>Featured reporters:</h3> <ul> <li><a href= "https://www.techinasia.com/profile/melissa-goh">Melissa Goh</a>, a <em>Tech in Asia</em> journalist based in Singapore</li> </ul> <h3>Essential reading:</h3> <ul> <li><a href= "https://www.techinasia.com/fallout-at-paymongo-alleged-harassment-by-ceo-founder-departures-growth-woes?utm_source=article&utm_medium=website&utm_campaign=growth-podcast-paymongo"> Fallout at PayMongo: alleged harassment by CEO, founder departures, growth woes</a></li> <li><a href= "https://www.techinasia.com/paymongos-cfo-speaks-financial-regularities?utm_source=article&utm_medium=website&utm_campaign=growth-podcast-paymongo"> PayMongo’s former CFO: ‘I never stole from any company’</a></li> <li><a href= "https://www.techinasia.com/paymongo-appoints-actinghead-ceo-voluntary-leave?utm_source=article&utm_medium=website&utm_campaign=growth-podcast-paymongo"> PayMongo CEO goes on ‘voluntary leave’</a></li> <li><a href= "https://www.techinasia.com/caused-paymongos-crisis-insiders?utm_source=article&utm_medium=website&utm_campaign=growth-podcast-paymongo"> What caused PayMongo’s crisis? Insiders tell us</a></li> </ul> <div id="content" class="jsx-4233388798 content"> <div id="content" class="jsx-4233388798 content"> <p><em>Tech in Asia</em> has launched a new podcast for World Mental Health Day.