Philippines

Salmon Group, a financial technology group, dedicated to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has partnered with with the Philippines-based payment firm AllBank (A Thrift Bank), Inc, to introduce an innovative QR Ph-enabled payment solution

Venturi Partners (Venturi), a Singapore-based growth equity firm specializing in consumer investments across India and Southeast Asia, has on Tuesday announced its $25 million investment in DALI Discount (DALI), a rapidly expanding hard discount chain operating in the Philippines.

Philippines-based venture capital firm Kaya Founders is targeting PHP1.4 billion ($25 million) across two new funds to invest in early-stage start-ups in the Philippines and Southeast Asia.

GS1 Philippines, the organization on local barcode standards, has officially launched GS1 Activate, a web-based service aimed at simplifying barcode generation and symbol creation for businesses, revolutionizing the retail supply chain through digitalization.

Philippine consumer finance company Digido is has announced a significant milestone, having served over one million Filipinos through its safe, reliable and inclusive digital lending services.

ProCredit, a Philippines-based small and medium-sized enterprise (SME) lender, closed a $4.1 million pre-seed round, led by Integra Partners. The round also saw participation from the Menardo Jimenez Family Office, M Venture Partners (MVP), Cento Ventures, Gobi Partners (Gobi-Core Philippine Fund), and several local angels.

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

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…

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.

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.