Philippines

Philippine-based early stage venture capital firm Kaya Founders has on Tuesday announced three new investments and two follow-on investments to start 2025, bucking the trend around Southeast Asia’s muted funding and dealmaking activities for early-stage companies over the past few quarters.

Vietnamese automaker VinFast and MGA.414 Corporation which operates the JIGA auto service chain, have officially signed a Memorandum of Understanding (MOU) to expand the network of service centers for VinFast electric vehicles (EVs) in the Philippines.

The Buy Now, Pay Later (BNPL) market in the Philippines has seen significant growth in terms of unique users, with at least one out of four Filipinos having tried the service at least once between 2018 until the end of 2024, UnaCash said Tuesday.

Senang.io, a Malaysian headquartered fintech company, has partnered with iRemit, a Filipino-owned non-bank remittance provider, to launch the DreamSecure — a financial product designed exclusively for Filipino overseas workers (OFWs).

Global sustainable infrastructure firm Actis has announced the closing of the acquisition of a stake in Terra Solar Philippines, Inc. (MTerra Solar), with MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC).

Higala, an inclusive instant payment system in the Philippines, has extended its seed funding round to $2.8 million with fresh funds from Talino Venture Studios, a global venture studio for sustainable innovation.

IdeaSpace, the Philippines-based startup accelerator and early-stage venture investment arm of the MVP Group of Companies, has on Monday announced the appointment of Alwyn Rosel, a startup ecosystem veteran, as the new Executive Director of IdeaSpace and QBO Innovation, succeeding Jay Fajardo.

Shoppable Business, a Filipino supply chain technology company, has raised a seed round of $1.16 million to fuel its growth and enhance its end-to-end supply chain platform in the Philippines.

Philippine electric vehicle (EV) logistics firm Mober said Tuesday that it has officially opened Central Charge, the largest commercial EV Charging hub in the country to date.

Buhayin, the Philippines-based advocacy agency for emerging island hubs, has partnered with China-based cryptocurrency exchange and Web3 company Bitget and Bitget Wallet to drive financial and digital inclusion in Siargao.