Philippines
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…
Student venture fund Nila Capital launched in the Philippines to bridge funding gap
Nila Capital, a Philippines student venture fund, has announced its official launch, bringing a new wave of value to Gen Z startup founders across the country. Its mission is to not only offer these visionary young entrepreneurs access to vital capital but also to cultivate an expansive network of industry professionals.
917Ventures’ PetPal targets $1.6B pet care market in Southeast Asia – expands access to essential pet care for Filipinos
PetPal Club subscription service provides users unlimited teleconsultations for up to two pets annually, along with discounts on pet services. A mobile app version is expected to launch later this year.
China’s Ant Group brings Alipay+ to the Philippines with 3 new mobile wallets – AlipayHK, Kakao Pay, Touch ‘n Go eWallet
The acceptance of three new mobile wallets, via Alipay+, comes as travellers return to the Philippines.
