Philippines

Philippine parenting e-commerce start-up edamama closes $20M Series A funding

Edamama, the Philippines’ leading parenting-focused e-commerce platform, has secured a $20 million Series A funding round led by Alpha JWC Ventures, one of Southeast Asia's most…

Philippines pauses Virtual Asset Service Provider licenses for three years

The Bangko Sentral ng Pilipinas (BSP), the Philippines Central Bank, said Friday it has approved a modified approach to the grant of Virtual Asset Service Provider (VASP) license…

Grab Philippines acquires motorcycle taxi firm MOVE IT

Grab Philippines has announced that it has acquired motorcycle taxi firm MOVE IT’s business operations. Backed by Grab and MOVE IT’s shared commitment towards safe and reliable…

GoTyme Bank gets approval to bring digital banking services to Philippines

GoTyme Bank was awarded its Certificate of Authority (COA) to operate as a digital bank by the Bangko Sentralng Pilipinas (BSP) last Friday. GoTyme Bank said in a statement this…

UNOAsia raises additional $11M pre-Series A led by Creador bringing total capital raised to $44.5M

Singapore-headquartered FinTech UNOAsia Pte. Ltd. (UNOAsia), the primary incorporator of UNO Digital Bank in the Philippines, has secured $11 million in a pre-Series A round led…

Philippines Packworks raises $2M seed round led by Fast Group and CVC Capital Partners

Philippines technology startup Packworks said Thursday it has raised $2 million seed round to launch mobile enterprise resource planning (ERP) platform for 150,000+ Sari-Sari…

PayMongo partners with Atome to expand ‘Buy Now Pay Later’ acceptance across The Philippines

PayMongo, a Manila-based online payment processing platform, announced on Tuesday a partnership with Atome Philippines to expand BNPL acceptance among merchants in the country.…

Philippines’ largest EdTech startup Edukasyon.ph secures bridge funding

Edukasyon.ph, the largest EdTech startup in the Philippines, has raised a convertible note with backing from a number of investors, including follow-on investors KSR Ventures and…

PDS Group launches first fully-digital DLT-based digital bond

The Philippine Dealing System Holdings Corp. (PDS Group) announced on Thursday the launch of a fully digitally native bond, issued on a distributed ledger technology (DLT) network…

Malaysia’s home services platform Kaodim to cease operations next month

Malaysia-based home services platform Kaodim will cease operations starting from July 1, citing prolonged COVID lockdowns among the challenges it faced. "So it is with a heavy…