Philippines

Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay". This deal is set to further cement its leading position in digital credit inclusion in the…

Gogoro Inc., a Taiwan-based technology firm in battery swapping ecosystems, has on Tuesday announced a strategic partnership in the Philippines with Globe's 917Ventures and Ayala Corporation. The companies will be launching a two-wheel battery swapping pilot in Manila using Gogoro's industry leading battery swapping and Smartscooters.

While the Philippine tech ecosystem remains resilient amid global economic headwinds, the country’s talent pool must grow in tandem to support the birth and growth of local startups, according to the Gobi-Core State of Talent in Tech 2022 report revealed on Wednesday.

Archipelago Labs (A-Labs), a startup accelerator focused on the Philippines, has been officially launched to invest and accelerate the growth of the most promising startups and talents in the Philippines’ Web3 ecosystem.

umble Sustainability, a circular economy startup from the Philippines, closed its seed round led by Seedstars International Ventures. The round also saw participation from iSeed Ventures, an early stage venture capital in San Francisco, and angel investors like Alan Wong, co-founder of Ula, as well as Sagar Achanta, who has held product leadership roles at…

In the interview, Fong also shared some of his opinions on issues related to the digitization within the F&B industry post-pandemic.

Sprout Solutions, a human resource (HR) solutions provider in the Philippines, has acquired process automation platform Linnia from Aiah (Innovantage), a conversational artificial intelligence (AI) and process automation company in the Philippines.

CloudEats, a Phiilippine-based cloud restaurant company, has raised $7 million in a fresh funding round led by Nordstar, a London-based venture firm.

Shipmates, Philippine-based shipping platform backed by Y Combinator and Iterative, announced Thursday that it had raised $2.2 million in a seed funding round. The seed round was participated by Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, Sketchnote Partners and other prominent investors.

Malaysian private equity firm Creador has led a pre-Series A round of $11 million for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.UnoAsia had already raised $33.5 million in pre-seed and seed funding, of which $21 million came from Creador.