Philippines

Voyager Innovations (Voyager), a technology company in the Philippines behind the end-to-end money platform PayMaya and neobank Maya Bank, said Monday it has raised $210 million in new funds, propelling its valuation to unicorn plus status at nearly $1.4 billion. Leading the round is new investor SIG Venture Capital, the Asian venture capital arm of SIG.…

With the right support and innovation, FinTech companies can unlock better access to digital payment solutions, democratized investments, digitized traditional financial services, and even new verticals such as e-commerce for all Filipinos, driving the Philippines’ digital economy to greater heights.

Armada Brands (Armada), a Philippine-based e-commerce aggregator, said Tuesday it has raised $1.3 million in pre-seed funding to invest in e-commerce entrepreneurs looking to scale their brands. The pre-seed funding round of $1.3 million was co-led by the venture capital firms M Venture Partners and Foxmont Capital Partners.

Gojek had acquired the stake in 2019 when it plans to expand into the Philippines.

TechNode Global’s series on the Philippines delves into why Filipino startups are attracting venture capital (VC) money in droves. In this fourth and final part, TechNode Global recaps recent government initiatives to spur the Philippine startup ecosystem, and get Philippine founders’ regulatory wishlists.

LEET Technology Inc. (LEET) has partnered with Smart Communications Inc. (Smart), to develop Smart GIGA Arena, the first all-in-one online esports gaming platform in the Philippines. Enabling Filipinos to pursue their mobile gaming passion, Smart GIGA Arena is built on a proprietary esports and social gaming platform, by LEET. This platform on the fastest…

SariSuki has raised $7.1 million from regional and global investors, bringing its total funding to $10.7 million in 2021. Venture capital investors included Openspace, Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners are amongst those who participated in the round.…

In this third part, we explore how much Covid-accelerated digitization boosted the country’s ‘Iron Triangle’ – e-commerce, logistics, and fintech – startups, and how the startup Davids are battling the Goliath super apps to carve out their own niches.

PayMongo has secured $31 million in Series B funding to scale its operations. Participating in the round are Justin Mateen’s JAM Fund, Philippine VC firms ICCP-SBI Venture Partners and Lisa Gokongwei’s Kaya Founders, together with existing investors Global Founders Capital and SOMA Capital. Also joining the round are founders of top European fintech…

Society Pass Incorporated (SoPa) has acquired Pushkart.ph, an online grocery delivery service in Philippines. The move kicks-off SoPa’s expansion into the Philippines market. Leveraging on SoPa’s capital, Pushkart.ph will focus on dramatically increasing on-demand grocery shopping services to more consumers and more retailers initially to Metro Manila and…