Stephanie Frances Augustin

Clearer laws, better funding: A startup wishlist for Philippine regulators

TechNode Global’s series on the Philippines delves into why Filipino startups are attracting venture capital (VC) money in droves. In this fourth and final part, TechNode Global recaps recent government initiatives to spur the Philippine startup ecosystem, and get Philippine founders’ regulatory wishlists.

Finding a niche in the Philippines’ Iron Triangle

In this third part, we explore how much Covid-accelerated digitization boosted the country’s ‘Iron Triangle’ – e-commerce, logistics, and fintech – startups, and how the startup Davids are battling the Goliath super apps to carve out their own niches.

Leveraging AI to create safer, ESG-compliant construction sites [Q&A]

viAct, an AI construction tech (contech) startup based out of Hong Kong, automates construction monitoring using a combination of computer vision, edge devices and a mobile app.

Japan’s Mizuho Bank leads neobank Tonik’s $131M Series B

Mizuho Bank, one of Japan's largest banking groups, is the latest big backer of Philippine digital bank Tonik, leading its $131 million Series B round of funding.

Philippine E-commerce enabler Etaily banks $4.3M round to drive regional expansion, O2O platform

Etaily, a fast-growing Philippines-based e-commerce-enabler led by former Zalora executives, announced today that it has wrapped up a $4.3 million seed extension round, on top of its initial $1.6 million funding round announced in August 2021.

Southeast Asia neobank Crowdo closes $5.9M pre-Series B convertible bridge round from Gobi, Ivest

The funds will be used to expand Crowdo’s neobank platform in Singapore and Indonesia and scale its ESG financing portfolio. Crowdo is headquartered in Singapore but fully licensed by the Indonesian financial authority Otoritas Jasa Keuangan for digital lending in since 2017. The fintech is also registered with the Securities Commission Malaysia.

Singaporean fintech GEKO acquires EV bike-maker SWAG, plans pre-Series A round in early 2022

Following the acquisition, the combined SWAG and GEKO group plan to hold a pre-Series A funding round, with a combined entity value of $25 million in early 2022.

L’Oréal Malaysia to double down on social commerce in 2022 to help 250 salons affected by the pandemic

L'Oréal will be doubling down on social commerce with an aim to roll out its social commerce initiative to 250 salons across Malaysia in 2022. 

Philippine neobank Tonik secures $100M in consumer deposits

Tonik, the Philippines' first digital-only neobank, has surpassed PHP5B ($100M) in consumer deposits, just eight months after its launch of commercial operations.