Philippines

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.

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, 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.

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.

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

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.

Sprout Solutions, the Philippines’ homegrown business to business (B2B) software as a service (SaaS) company, has acquired the Philippines operations of JustPayroll Inc..

Salmon, a financial technology company based in the Philippines, announced Tuesday that it has become a licensed bank in the Philippines. The firm has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to acquire the controlling interest in Rural Bank of Sta. Rosa (Laguna), a licensed financial institution serving…

In the interview, Glenn Estrella also shared how 917 Ventures seeks to enter into more strategic partnerships in its home country - the Philippines - and across Southeast Asia. He also shared the challenges within the startup/VC ecosystem in the country and suggestions for the ecosystem, among others.

Philippine insurers Insular Life (InLife) and Oona Insurance group (Oona) have on Thursday jointly announced that they are entering into an agreement, with InLife selling its 40 percent stake in their non-life insurance joint venture, Oona Insular Insurance Corporation (Oona Philippines), making it Oona’s fully owned subsidiary.