Philippines
Philippine gaming firm AcadArena raises $3.5M seed round from 1KX, Hashed and others
AcadArena has recently secured $3.5 million in funding led by token fund 1KX, Korean blockchain venture capital firm Hashed, and others. Over 50 investors from prominent businesses across the world participated in the seed round, whose funds are meant to hire more manpower, acquire more play-to-earn assets, product development, strategic partnerships, and…
Philippine neobank Tonik secures $100M in consumer deposits
Tonik, the Philippines' first digital-only neobank, has surpassed PHP5B ($100M) in consumer deposits, just eight months after its launch of commercial operations.
Striking while the iron is hot: The Philippine venture scene is heating up and getting hotter
TechNode Global’s series on the Philippines will delve into why Filipino entrepreneurs and founders are attracting venture capital (VC) money in droves. In this second part, we explore the rise in Series B (and now, C) fundraising rounds out of the Philippines in 2021, and what it signals for the startup ecosystem as a whole. Seven founders share how much…
Startups Driving Inclusive Innovation in the Philippines [BEYOND Virtual Panel recap]
This Beyond Virtual session held on November 16 shows the exchange of ideas regarding the present and the future of the Philippine startup ecosystem. The panelists discuss the challenges companies have encountered and how they have overcome the difficulties.
Vietnam’s Society Pass eyes M&A opportunities in Indonesia, Philippines after share price jumps more than 400% on NASDAQ
The firm is keen to pursue acquisitions in categories that augment its loyalty point ecosystem, as well as e-Commerce and online travel.
Philippines BNPL startup Plentina raises additional $2.2M in TMV-led funding round
Proceeds of the funding will be used by Plentina to accelerate the company’s growth in the Philippines, to offer new product expansions, and to begin exploring other markets in Southeast Asia, such as Vietnam. This seed round will also help propel its growth as it targets Series A funding next year with senior talent joining the firm between now and then,…
Philippine tech ecosystem poised to grow further with more investments & gov support – report
Funds raised by startups in the Philippines during the first ten months of 2021 almost exceed the total amount funds raised from 2017 to 2020.
Mynt secures $300M funding from lead investors Warburg Pincus, Insight Partners and Bow Wave, now valued at over $2B
Since the onset of community quarantines as a response to COVID-19, Mynt has been at the forefront of the digital transformation of Filipinos as the 'go-to' payment and financial services solution to over 48 million users, nearly half of the national population. With the continued relevance of the app among its users, Mynt is on track to reach PHP 3…
ShopeePay partners Malaysia’s GHL to expand its digital payments in the Philippines
ShopeePay e-wallet users will now be able to pay at establishments such as Phoenix Petroleum, Family Mart, Three Sixty Pharmacy, Prince Retail, and more chains nationwide.
Philippines cloud kitchen startup CloudEats closes $5M Series A with Vulpes, Gobi Partners, and Alibaba-backed BAce Capital
Funds raised in this round will be utilized to scale CloudEats’ proprietary smart kitchen technology, open cloud kitchens in more markets across the region, and develop new champion brands like Burger Beast, which has now become one of the top recognized burger brands in the Philippines, CloudEats said in a statement.
