Philippines
Filipino fintech firm Salmon completes $30M Series A-2 financing round
Salmon intends to allocate a portion of the proceeds to strengthen the capital base of the Rural Bank of Sta. Rosa (Laguna), with plans to increase the bank's total capital to PHP 1.2 billion by the end of 2025.
Filipino AI startup Clout Kitchen raises $4.45M from a16z SPEEDRUN, Peak XV’s Surge & AppWorks
The round was co-led by a16z SPEEDRUN and Peak XV’s Surge – with participation from Taiwan’s AppWorks, Antler, Hustle Fund, Founders Launchpad, Orvel Ventures, and founders & creators like Gabby Dizon (YGG), Kun Gao (Crunchyroll), Voyboy, Jankos and Perkz.
IFC invests $7M into Philippine technology firm First Circle
The International Finance Corporation (IFC) has invested $7 million into First Circle, a technology company providing smart banking solutions to small and medium-sized enterprises (SMEs) in the Philippines.
Singapore’s Clime Capital invests in Philippine solar provider Upgrade Energy
Clime Capital, the Singapore-based fund manager dedicated to driving the shift towards a low-carbon economy, has on Monday announced an investment through the South East Clean Energy Fund II (SEACEF II) in Upgrade Energy Philippines (UGEP), a key player in the Philippine solar project landscape.
FLOW and ALLHC celebrate topping off for A-FLOW ML1 Data Center in Philippines
With the completion of the first building’s structural framework, the Data Center is slated to begin operations in the fourth quarter of 2024 (Q4 2024) with an initial 6MW capacity ready for service.
TPG’s The Rise Fund leads strategic investment in Philippines’ BillEase
BillEase, a digital consumer finance platform based in the Philippines, has on Tuesday announced TPG's The Rise Fund has signed definitive documentation to lead a significant strategic investment in the company.
Digido : adoption of fintech services through mobile apps to reach nearly 80 percent in the Philippines by end of 2024
The adoption rate of financial technology in the Philippines through mobile apps among the population aged 15 years old and above may increase to 79.5 percent or approximately 66.4 million unique users by the end of 2024, new analysis from consumer credit service Digido revealed on last Thursday.
Philippine government’s SCALE NCR launches roadmap to boost Metro Manila’s startup ecosystem
The Strategic and Collaborative Alliance for Leveraging Ecosystems of Startups - National Capital Region (SCALE NCR), a consortium established by the Department of Science and Technology (DOST) of the Philippines, has launched key initiatives to drive innovation and accelerate startup growth in Metro Manila.
PDAX, Investagrams join forces to make cryptocurrency trading more accessible in the Philippines
The Philippines-based cryptocurrency exchange platform PDAX has announced a strategic partnership with online educational finance platform Investagrams to make cryptocurrency trading more accessible to the public.
Philippine Central Bank lifts moratorium on establishment of digital banks
Philippine Central Bank Bangko Sentral ng Pilipinas (BSP) has approved the lifting of the moratorium on the grant of new digital banking licenses starting January 1, 2025 and allowed a maximum of ten digital banks to operate in the country.
