Philippines
917Ventures creates MSME ecosystem to address digitalization woes
917Ventures, a venture builder in the Philippines, has established six startups dedicated to supporting micro, small, and medium enterprises (MSMEs) in their digital transformation efforts, from securing funding and upskilling to expanding their customer reach.
Y Combinator-backed stock trading platform Cera rolls out in the Philippines
Cera, a United States stock trading platform backed by Y Combinator, in partnership with Fireblocks, announced its Beta launch, allowing Filipinos and anyone anywhere in the world to invest in US stocks using stablecoins.
Philippines’ top crypto traders form association to advocate crypto investment literacy
As crypto adoption continues to grow in the country, top cryptocurrency traders have formally announced the formation of the Innovative Movement of the Philippine Association of Crypto Traders (IMPACT).
Altara Ventures and Gentree Fund co-lead $3M seed round into Philippine startup Kita
Philippine agritech startup Kita has closed its oversubscribed $3 million seed round with Gentree Fund and Altara Ventures as co-lead investors. With the fundraising proceeds, the firm aims to digitize the agriculture supply chain through big data and artificial intelligence (AI).
Antitrust approval could be biggest hurdle for Grab’s potential acquisition of Foodpanda’s business, analysts say
Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.
Philippine’s NDC partners Quest Ventures to strengthen startup ecosystem
The National Development Company (NDC), a Philippine state-owned enterprise investing in diverse industries, has signed a series of agreements with Singapore-based venture capital firm Quest Ventures to bolster the vibrant emerging startup and innovation ecosystem in the country.
Filipino fintech startup Packworks seals partnership to provide unbanked mom-and-pop shops access to financing
Filipino fintech startup Packworks said Tuesday that the firm has sealed partnerships to provide unbanked mom-and-pop shops access to microfinancing, financial services to boost growth. The firm has recently penned partnerships with Cebuana Lhuillier and 1Sari Financing Corporation to provide sari-sari stores access to secure, reliable, and affordable…
GCash parent Mynt acquires ECPay for $40.6M – report
The acquisition will help GCash improve its services in the fintech space and further democratize financial access, Globe said.
Philippine AUB expands Alipay+ cross-border digital payments to more than 5,000 merchant stores
Asia United Bank (AUB), a publicly listed universal bank in the Philippines, is enabling more local merchants to accept cross-border digital payments from Hong Kong SAR, South Korea, and Malaysia via Alipay+ and AUB PayMate.
Revolutionizing the Philippines’ food industry: Unleashing innovation and technology
Amidst challenges, technology emerges as a beacon of hope. Inaccessible infrastructure and logistics impede the seamless movement of food from farms to tables. While arable land is abundant, productivity lags behind due to a lack of technological access and innovation. Part of the solution lies in democratizing technology, making it accessible and…
