Philippines

IFC provides $250M loan to Ayala Land to boost green buildings in the Philippines

The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to PHP 14.5 billion ($250 million) in the form of a sustainability-linked loan (SLL) for developer Ayala Land Inc. (ALI) to boost green buildings in the Philippines.

DOST-ASTI, THE BLOKC and Superteam Philippines join forces to accelerate blockchain innovation

The Department of Science and Technology - Advanced Science and Technology Institute (DOST-ASTI), THE BLOKCLABS, INC. (The BLOKC) and Superteam Philippines are set to formalize a groundbreaking partnership to propel blockchain technology and Web3 initiatives in the Philippines.

ASEAN exchanges commit to advance ASEAN as an attractive region

Six major ASEAN stock exchanges have committed to several initiatives to advance ASEAN as an attractive region.

Philippine proptech firm Lhoopa secures $80M in equity and debt

Lhoopa, the Philippine proptech company, has on Tuesday announced the successful completion of its $80 million funding round.

Philippine femtech firm Kindred Health raises $5.5M in pre-Series A funding round led by Integra Partners

Kindred Health Inc., a femtech company in the Philippines, has announced the successful completion of its pre-Series A funding round, raising a total of $5.5 million.

Filipino startup Packworks bags $60k government funding to develop AI-powered marketing tool for ‘sari-sari’ stores

Filipino startup Packworks has secured PHP3.5 million ($60,000) from Philippine government to launch $85,000 artificial intelligence (AI)-powered precision marketing tool for ‘sari-sari’ stores (neighborhood mom-and-pop stores).

Sumsub partners Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia

Sumsub, a global full-cycle verification provider, has partnered Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia.

India, Malaysia & 3 other Asean countries plan instant retail cross-border payments

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.

Philippine-based Zed secures license to operate as a standalone credit card issuer

Zed, a credit-led neobank, announced Wednesday it has received its certificate of authority to operate as a standalone credit card issuer from the Bangko Sentral ng Pilipinas (BSP).

Y-combinator-backed fintech startup Elevate secures $5M to expand operations

Elevate, a Y-combinator-backed fintech startup headquartered in London and Dubai, has successfully raised $5 million in financing to expand its operations in the Philippines.