Philippines

Impact-driven businesses should invest resources in measuring and managing their social impact. It can provide them a lot of benefits in the end which can also affect their relevance in the market and their sustainability.

With the economy improving, and an internet and mobile-savvy market, the Philippines is also showing initiatives to encourage and advance the innovation space.

Velocity is a 3-month corporate innovation program that enables venture builders to build their MVP, market their solutions, and refine their value proposition, along with Seed funding support for successful startups.

It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.

The company aims to address the Philippines’ Internet infrastructure bottleneck problem through its tech. It plans to provide ISPs, enterprises, and government agencies with a cheaper alternative to traditional fiber optic cables without compromising on internet quality and reliability.

IdeaSpace will be accepting new applicants for its 2021 program. It is currently considering local startups in HealthTech, MedTech, AgriTech, FoodTech, EdTech FinTech, e-commerce and logistics, media and entertainment, and business-to-business operations. 

The podcast agency intends to use its new investment to finance its expansion to other parts of Southeast Asia, particularly Malaysia, Indonesia, and Thailand. Part of the new investment will be used to improve the agency’s production and to enhance its performance analytics.

After closing a $175 million private equity funding from the New York-based Bow Wave Capital Management, Mynt, also known as Globe FinTech Innovations, seeks to raise more funds to reach unicorn status.

SquidPay closed Php 100 Million in Series A and Php 100 Million ($2.08 million each) line of credit arranged by Eastern Securities Development Corporation (ESDC)