Philippines

Philippine government, Grab working to legalize motor taxis – report

GrabCar operates in 25 cities while GrabFood provides services to more than 100 cities nationwide, according to the report.

UNOAsia secures $32.1M pre-series B funding for expansion in Philippines

Singapore-headquartered fintech firm UNOAsia Pte Ltd has raised $32.1 million in a pre-Series B round to propel its mission to reshape the future of banking in the Philippines. This funding round represents a blend of equity and debt, which augurs well for UNOAsia as it seeks to solidify UNO Digital Bank’s presence in the Philippines and to accelerate its…

EV delivery firm Mober secures $2m seed funding to advance green logistics expansion in the Philippines

Mober, a Philippine electric vehicle (EV) delivery company, has on Wednesday announced a $2 million seed funding round led by RT Heptagon Holdings (RTHH) under the leadership of Chairman and President Rex Tiri.

AUB partners Alipay+ to enable cross border payments in South Korea, Malaysia, Hong Kong

Asia United Bank (AUB), a publicly listed banks in the Philippines, has partnered with Alipay+, a China-based cross-border mobile payments and marketing platform by Ant International, to enable scan-to-pay feature for cross-border payments in South Korea, Malaysia, Hong Kong.

917Ventures’ Fundspace offers digital-based solution to Philippine MSMEs

As fund sufficiency remains a major challenge for MSMEs , particularly in emerging markets, 917Ventures’s loan aggregator Fundspace is offering MSMEs and local entrepreneurs a swift, user-friendly, and easily accessible digital solution tobridge the financing gap in the Philippines.

Vingroup plans to invest in Philippine market, starting with establishment of VinFast’s network of EV & motorcycle dealerships

VinFast will lead the way for Vingroup's investments in the Philippines in 2024, commencing with the establishment of a network of electric car and motorcycle dealerships.

Higlobe partners Triple-A to deliver near instant, free transfers from the US to Filipino remote workers

Higlobe, a payment solution for global businesses and remote professionals, has on Monday announced a partnership with Triple-A, the digital currency payment institution, aimed at transforming the landscape for remote workers in the Philippines by providing instant, free payment transfers from the United States.

Razer Merchant Services enhances payment flexibility through partnership with BillEase

Philippine-based consumer finance app BillEase has announced its collaboration with Razer Merchant Services (RMS), a division of Razer Fintech. This strategic alliance aims to revolutionize the Buy Now, Pay Later (BNPL) landscape by integrating BillEase's flexible payment solutions into RMS's extensive merchant network.

Study shows bearish funding forecasts prompt focus on profitability among Filipino startups in 2024

Filipino startup founders are pessimistic on funding climate in 2024, and are shifting focus to profitability, a study showed Thursday.

Philippine social commerce platform Toki secures $1.8M pre-seed funding

Toki, a social commerce platform based in the Philippines, has secured $1.8 million pre-seed funding to address demands of untapped market. The pre-seed funding comes from venture capital partners Kaya Founders and Foxmont Capital Partners.