Komo

What Komo does

Komo is a mobile-first digital banking service operated by East West Rural Bank, Inc. (EWRB), a wholly owned subsidiary of publicly listed East West Banking Corporation in the Philippines. The platform enables Filipino consumers aged 18 and above to open a savings account entirely through a smartphone application using only a valid government ID and a local mobile number, with onboarding completed in 24-48 hours and no branch visit required. The core product is the Komo Savings Account offering up to 2.5% per annum interest on balances up to PHP 500,000 (1.5% above), supported by a free virtual or PHP 200 physical Visa debit card. The app provides fund transfers via the InstaPay and PESONet networks to over 40 partner banks and e-wallets, QR code-based peer transfers, free bills payment to utilities and telcos, mobile load purchases for Globe/Smart/Sun/DITO, and Google Pay/MRT-3 Tap & Go contactless payments.

Komo's business model is a multi-stream digital banking monetization layered on top of the parent bank's balance sheet. Revenue sources include interest income on customer deposits, transaction fees (PHP 8 per InstaPay transfer, PHP 200 card issuance/redelivery), personal loan interest (PHP 25,000 to PHP 2,000,000 facilities originated through EastWest Bank), embedded insurance commissions via EWIBI (notably Dengue Financial Assistance), and interchange/fees on debit card usage. Specialized products include a Teacher's Salary Loan for DepEd employees integrated with the Automatic Payroll Deduction System. The company operates exclusively within the Philippines, does not support international remittances, and is regulated by the Bangko Sentral ng Pilipinas with deposits insured by PDIC up to PHP 1,000,000 per depositor.

Distribution is product-led growth and direct-to-consumer via the Google Play, Apple App Store, and Huawei AppGallery channels, supplemented by community-led engagement through the Komounity Facebook group and curated customer testimonials. Go-to-market relies on the differentiated value proposition of branchless onboarding, no-minimum-deposit account opening, and competitive interest rates in a market where traditional banks impose friction through documentation and minimum balances. The organization is lean (approximately 11 employees) and operates primarily as a digital brand and technology layer rather than an independent chartered bank, with regulatory and balance-sheet responsibilities residing within EastWest Rural Bank and its listed parent.

Name

Komo

Legal name

East West Rural Bank, Inc.

Website

https://komo.ph

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Komo is a mobile-first digital banking service operated by East West Rural Bank in the Philippines, enabling Filipino consumers to open savings accounts via smartphone app with no branch visit, supported by Visa debit cards, InstaPay/PESONet transfers, personal loans, and embedded insurance.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221), Finance and Insurance (52)

SIC

Savings Institutions, Not Federally Chartered (6036), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets) (FSAPACAC)

akta.pro secondary industry

Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)

Keywords

• Digital banking services
• Mobile banking platform
• Savings accounts
• Fund transfer services
• Personal finance management

Headquarters

HQ city

Makati City

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure

Revenue model

1. Interest Income on Deposits: Komo earns interest income from customer deposits. The savings account offers up to 2.5% per annum interest rate with tiered rates based on balance amounts. Interest is computed daily and credited monthly.
2. Transaction Fees: Komo charges fees for various transactions including InstaPay transfers (Php 8.00), PESONet transfers (free), debit card issuance (Php 200), card redelivery (Php 200), and other banking services as outlined in the fee schedule.
3. Personal Loan Interest: EastWest Personal Loans offered through Komo ranging from Php 25,000 to Php 2,000,000. Revenue comes from loan interest and fees including one-time application fee of Php 1,900 and documentary stamp tax for loans above Php 250,000.
4. Insurance Products: Dengue Financial Assistance and other insurance products offered through the app. Coverage includes one-time cash assistance of up to Php 20,000 for confirmed dengue diagnosis and accidental death coverage.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Komo is a mobile-first digital banking service operated by East West Rural Bank, Inc. that enables Filipino consumers to open savings accounts, transfer funds, pay bills, purchase mobile load, and access loans entirely through a smartphone application. The platform offers interest-earning deposits with up to 2.5% per annum, real-time transfers via InstaPay and PESONet to over 40 banks and e-wallets, and a Visa debit card for ATM, POS, and contactless payments. Deposit insurance up to PHP 1,000,000 is provided through PDIC membership.

Product overview

Komo by EastWest Rural Bank is a digital banking platform offered as a mobile application. The core offering is the Komo Savings Account, which users access through the Komo Digital Banking App. The product portfolio includes a physical/virtual Visa Debit Card for ATM withdrawals and POS/payments; Fund Transfer services via InstaPay and PESONet networks; Bills Payment to utilities, credit cards, insurance, and telecom; Buy Load for mobile phone credit; EastWest Personal Loan and Teacher's Salary Loan products; Dengue Financial Assistance insurance; and an Analytics/Personal Finance tool for money management and budgeting. The platform also supports Google Pay integration for contactless payments and allows existing EWRB customers to link their accounts to the Komo app.

Differentiator

Problem solved

Functional benefit

Products and services

• Komo Savings Account A digital savings account accessible via the Komo mobile app, offering up to 2.5% per annum interest with no minimum initial deposit, tiered interest rates, daily computation with monthly crediting, and PDIC insurance up to PHP 1,000,000 per depositor. Designed for Filipino residents aged 18+ seeking branchless, mobile-first banking.
• Komo Visa Debit Card A Visa debit card (virtual or physical) linked to the Komo Savings Account. Free virtual card issued upon account approval; physical card delivered via courier within 1-2 weeks for a PHP 200 fee. Supports ATM withdrawals, POS purchases, online transactions, Google Pay contactless payments, and MRT-3 Tap & Go transit payments.
• Fund Transfer Services Money transfer service enabling Komo users to send and receive funds via InstaPay (real-time, up to PHP 50,000 per transaction, PHP 8 fee) or PESONet (batch, up to PHP 150,000 per transaction, free), including QR code-based send/receive and transfers to over 40 partner banks and e-wallets such as BPI, BDO, GCash, and PayMaya.
• Bills Payment In-app bill payment service allowing Komo users to pay various billers including utilities (Meralco, Manila Water), credit cards, insurance, telecom, schools, and government agencies with no transaction fees charged by Komo.
• Buy Load Mobile load purchase feature enabling Komo users to buy prepaid load for Globe, Smart, Sun, and DITO telco providers directly from the Komo app with no additional fees.
• EastWest Personal Loan A multi-purpose, non-collateralized personal loan facility financed by EastWest Banking Corporation and made available to qualified Komo accountholders via the Komo app. Loan amounts range from PHP 25,000 to PHP 2,000,000, with a one-time PHP 1,900 application fee and documentary stamp tax for loans above PHP 250,000.
• Teacher's Salary Loan A specialized salary loan product for Department of Education (DepEd) teachers with at least 6 months of service who are integrated into the Regional/Division/School Automatic Payroll Deduction System (APDS). Loan proceeds are disbursed directly to the borrower's Komo or EWRB savings account.
• Dengue Financial Assistance (Acci-Shield+) An insurance product under the Acci-Shield+ umbrella offered through EWIBI (EastWest Insurance Brokerage Inc.), providing one-time cash assistance of up to PHP 20,000 for confirmed dengue diagnosis and accidental death/Permanent disability coverage of up to PHP 20,000. Available to Komo and EastWest Rural Bank accountholders aged 1 to 70 who are Filipino citizens or legal residents.

Quantifiable outcome

• Interest rate of up to 2.5% per annum on savings deposits with tiered rates
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• InstaPay NetworkcoreTechnology or IntegrationKomo is part of the InstaPay network, enabling real-time fund transfers to over 40 banks and e-wallets including AllBank, AUB, BPI, BDO, GCash, PayMaya, and more. This integration is fundamental to Komo's fund transfer functionality.
• PESONet NetworkcoreTechnology or IntegrationKomo enables PESONet transfers to other banks with higher limits (PHP 150,000 per transaction) compared to InstaPay. PESONet transfers are free for Komo users.
• BancNetcoreTechnology or IntegrationBancNet ATM network partnership enables Komo customers to withdraw cash from over 3,000 ATMs nationwide. Komo customers enjoy up to 4 free withdrawals per month at BancNet-affiliated ATMs.
• VisacoreTechnology or IntegrationKomo issues Visa debit cards that can be used at millions of merchants worldwide. Cards work at ATMs, POS terminals, online merchants, and for contactless payments including MRT-3 Tap & Go.
• EastWest Banking CorporationcoreStrategic or Co-development PartnerEastWest Banking Corporation is the parent company of East West Rural Bank. EWRB is a wholly owned subsidiary of EastWest Banking Corporation. The parent company is publicly listed on the Philippine Stock Exchange and shares IT infrastructure with EWRB.
• EastWest Rural BankcoreStrategic or Co-development PartnerKomo is a digital banking service of East West Rural Bank, Inc., a wholly owned subsidiary of East West Banking Corporation. Komo accounts are held with EWRB which is regulated by BSP and member of PDIC.
• Filinvest GroupminorStrategic or Co-development PartnerEastWest Banking Corporation is part of the Filinvest Group of companies. Komo may share information with various Filinvest Group companies for sales and marketing purposes.
• EastWest Bank (for Personal Loans)minorStrategic or Co-development PartnerEastWest Personal Loans are financed by EastWest (EastWest Banking Corporation) and made available to qualified Komo accountholders through the Komo app. Loan proceeds are credited to Komo accounts.
• EWIBI (EastWest Insurance Brokerage Inc.)minorStrategic or Co-development PartnerInsurance products including Dengue Financial Assistance are offered through EWIBI. Claims support and policy management handled through EWIBI hotline and email.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/KomoPH
• Facebookfacebook.com/KomoPH
• Instagraminstagram.com/komoph
• LinkedInlinkedin.com/company/komoph

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Komo