Philippines

Y-combinator-backed fintech startup Elevate secures $5M to expand operations

Elevate, a Y-combinator-backed fintech startup headquartered in London and Dubai, has successfully raised $5 million in financing to expand its operations in the Philippines.

Philippine EV startup Mober secures $6M funding from Clime Capital

Mober, a green logistics services provider in the Philippines, has garnered an investment of up to $6 million from the South East Asia Clean Energy Facility II (SEACEF II) managed by Clime Capital Management, a Singapore-based fund manager focused on accelerating the low-carbon transition.

Senang.io partners GoodTech to offer loan protection insurance product in the Philippines

Senangdali, a subsidiary of Malaysian Insure-Tech Senang.io, has partnered with Philippine fintech firm GoodTech, to offer loan protection insurance product specifically designed for rural banks in the Philippines, underwritten by local insurance providers.

Igloo partners Smart to provide phone protection plans in the Philippines

Singapore-based insurtech Igloo has partnered with the Philippines’ mobile network Smart to offer phone protection plans for its growing 55 million subscriber base in the Philippines.

ADB supports Alternergy’s first green corporate loan

The Asian Development Bank (ADB) is supporting Alternergy Holdings Corporation (AHC), a listed Philippine renewable energy developer, in securing its first green corporate loan.

Philippines-based Beppo secures pre-Seed funding to acquire JuanTax, bookkeeping firms

Philippines-based fintech startup Beppo has concluded a pre-Seed funding round, enabling the company to acquire JuanTax, a Bureau of Internal Revenue (BIR)- accredited tax platform, and five pioneering bookkeeping firms.

Discovermarket launches new insurance products in the Philippines with Globe

International insurtech firm discovermarket has announced its launch in the Philippines, starting with its partnership with Globe Telecom Inc. - a full-service telecommunications company in the Philippines, to launch its embedded personal cyber insurance product.

More than e-commerce, PH’s Internet Transactions Act will propel even more demand for local fintech

More than e-commerce, the ITA promises to become a significant driver of the development of #fintech segments related to #ecommerce — digital-forward banking, #ewallets, and digital lending.

Philippine climate tech firm Humble Sustainability secures additional funding for expansion

Philippine climate technology startup Humble Sustainability (Humble) has secured additional funding to expand its operations and scale its business. The funding round was led by Asia-focused venture capital firm, Gobi Partners, through the Gobi-Core Philippine Fund (Gobi-Core).

IFC invests $7M in Philippine consumer fintech firm Salmon

To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $7 million in the country's fintech firm Salmon Group Ltd. (Salmon).