Maya, a financial technology company, reported a profitable first quarter in 2025, continuing its growth momentum after turning profitable in December 2024. The company’s performance was driven by growth in its lending, payments, and digital banking services.
“We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in Q1 2025,” said Shailesh Baidwan, president of Maya Group and co-founder of Maya Bank. “This shows the strength of our model, anchored on innovation, disciplined execution, and a clear mission to expand access to digital financial services for millions of Filipinos.”
Loan disbursements reached nearly ₱28 billion in the first three months of the year, bringing the total since launch to ₱120 billion. Maya’s loan-to-deposit ratio improved to 51.1%, showing strong loan demand and efficient use of funds.
Total deposits hit ₱43.6 billion, making Maya the top digital bank by deposit balance in the country.
Deposit growth, strong asset quality support momentum
Maya began as a payments platform and launched its digital bank in 2022. The company said it has grown its revenue more than five times.
The company reported a non-performing loan (NPL) ratio of 3.8%, which it said is lower than the industry average. This points to healthy asset quality despite rapid growth in its loan book.
Merchant services remain key growth driver
Maya is also growing its merchant network, supporting both large businesses and small enterprises. In 2024, Maya processed more than ₱1 trillion in payments for merchants. Visa has previously named Maya as the top acquirer for merchant transaction volume in the country.
Maya aims to build on its ecosystem by growing its credit portfolio and expanding its offerings for consumers and merchants.