Lista PH free budget tracker app hopes to give MSMEs a digital tool – Back End News

ByLance T. Lee

Nov 11, 2021

Free download, free use, and offline use. The Lista PH mobile app seeks to help micro, small and medium-sized businesses, as well as individuals, manage their finances. Lista (or list in English) is easy to use: users can list their income and expenses.

Since its launch in September, Lista PH has had 75 million pesos in receivables through the app. Lista founders hope to help Filipino MSMEs digitize their cash and credit transactions, gain visibility into their cash flow, and grow profits faster.

“As part of the financial inclusion strategy, we want to help small businesses by providing them with a digital tool that is easy to use and does not require data,” said Aaron Villegas, co-founder of Lista PH. “We want them to grow their businesses through digitization and to give up the habit of pen and paper.”

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As the name suggests, Lista is simply a tool for listing income and expenses as well as receivables from customers or other businesses. Lista also has a function that would remind the borrower or debtor of the payment due to the creditor.

Businesses can now record their sales, expenses, accounts receivable and profits in a single app, allowing them to review past transactions that would help them make better decisions in the future. All stored numbers are calculated automatically and “securely saved”.

According to Villegas, the company will integrate other fintech solutions so that it can monetize its use while providing free services to consumers or businesses.

The free accounting app does not consume as much storage space as it is only 13MB compared to the 256MB of the Facebook app. Once downloaded, users, even or especially in places with little or no network connection, will be able to use the app. This means that owners of sari-sari stores in the countryside will be able to maximize the available technology.

They are also backed by Saison Capital bank in Japan as well as East Ventures and 1982 Ventures, which are venture capital firms that fund promising first fintech startups in Southeast Asia. Other investors include former Grab Philippines head Brian Cu, World Nissin Family Ventures Willy Arifin, Jupiter Bank CEO Jitendra Gupta, Pinelabs CEO Amrish Rau, CRED founder Kunal Shah, senior Google Asia executives. -Pacific Aurelien Pichon and Alap Bharadwaj.

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