Philippines
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. The issuance of a COA is the third and final stage involved in establishing a digital bank in the country.
UNOAsia raises additional $11M pre-Series A led by Creador bringing total capital raised to $44.5M
To date, UNOAsia has secured $44.5 million in investment in its pre-seed, seed, and pre-Series A rounds, which includes drawn-down capital of $34 million.
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 store-partners in the Philippines. The seed round is led by leading end-to-end logistics group Fast Group and global private equity firm CVC Capital Partners, with participation from…
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 Lorinet Foundation, and new investor Bisk Ventures.
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 powered by Hashstacs Pte Ltd (‘STACS’), a Singapore-headquartered FinTech firm. The digital bond was issued by the Union Bank of the Philippines (‘UnionBank’) for PHP 11.00…
Malaysia’s home services platform Kaodim to cease operations next month
The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its business and the quality of service.
Maria Health partners with Deel to provide affordable health coverage to Philippine remote workers
Maria Health, the largest online health insurance marketplace in the Philippines, has partnered with Deel to provide access to affordable health insurance for companies hiring remote workers in the country.
Philippine cloud kitchen firm Kraver’s Canteen secures $3M Series A led by Quest Ventures
Kraver’s technology provides high-end meal experiences for its customers by allowing them to heat food without using a microwave. Moreover, Kraver has a metaverse experience–Kra-Verse Food Hall--to make the ordering experience fun for their customers.
Australian FinTech firm Peppermint gets e-wallet license in the Philippines
Peppermint Innovation Ltd (Peppermint), an Australia-based FinTech firm, announced Wednesday the company has been granted a license to operate as an electronic money issuer (EMI) by the Central Bank of the Philippines Bangko Sentral ng Pilipinas (BSP). The EMI license authorises the company to deliver e-wallet services through its bizmoto mobile app…
