Philippines

Senangdali, a subsidiary of Malaysian Insure-Tech Senang.io, has partnered with Philippine fintech firm GoodTech, to offer loan protection insurance product specifically designed for rural banks in the Philippines, underwritten by local insurance providers.

Singapore-based insurtech Igloo has partnered with the Philippines’ mobile network Smart to offer phone protection plans for its growing 55 million subscriber base in the Philippines.

The Asian Development Bank (ADB) is supporting Alternergy Holdings Corporation (AHC), a listed Philippine renewable energy developer, in securing its first green corporate loan.

Philippines-based fintech startup Beppo has concluded a pre-Seed funding round, enabling the company to acquire JuanTax, a Bureau of Internal Revenue (BIR)- accredited tax platform, and five pioneering bookkeeping firms.

International insurtech firm discovermarket has announced its launch in the Philippines, starting with its partnership with Globe Telecom Inc. - a full-service telecommunications company in the Philippines, to launch its embedded personal cyber insurance product.

More than e-commerce, the ITA promises to become a significant driver of the development of #fintech segments related to #ecommerce — digital-forward banking, #ewallets, and digital lending.

Philippine climate technology startup Humble Sustainability (Humble) has secured additional funding to expand its operations and scale its business. The funding round was led by Asia-focused venture capital firm, Gobi Partners, through the Gobi-Core Philippine Fund (Gobi-Core).

To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $7 million in the country's fintech firm Salmon Group Ltd. (Salmon).

Salmon Group Ltd, a financial technology group based in the Philippines, has on Thursday announced its strategic partnership with electronic payment systems provider ECPay, to expand payment channels.

Moneymax, the Philippines-based personal finance marketplace for financial products and a subsidiary of MoneyHero Limited, has on Friday announced its strategic partnership with FWD Life Insurance (FWD Philippines) to offer life insurance in the Philippines.