Philippines

Six major ASEAN stock exchanges have committed to several initiatives to advance ASEAN as an attractive region.

Lhoopa, the Philippine proptech company, has on Tuesday announced the successful completion of its $80 million funding round.

Kindred Health Inc., a femtech company in the Philippines, has announced the successful completion of its pre-Series A funding round, raising a total of $5.5 million.

Filipino startup Packworks has secured PHP3.5 million ($60,000) from Philippine government to launch $85,000 artificial intelligence (AI)-powered precision marketing tool for ‘sari-sari’ stores (neighborhood mom-and-pop stores).

Sumsub, a global full-cycle verification provider, has partnered Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia.

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.

Zed, a credit-led neobank, announced Wednesday it has received its certificate of authority to operate as a standalone credit card issuer from the Bangko Sentral ng Pilipinas (BSP).

Elevate, a Y-combinator-backed fintech startup headquartered in London and Dubai, has successfully raised $5 million in financing to expand its operations in the Philippines.

Mober, a green logistics services provider in the Philippines, has garnered an investment of up to $6 million from the South East Asia Clean Energy Facility II (SEACEF II) managed by Clime Capital Management, a Singapore-based fund manager focused on accelerating the low-carbon transition.

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.