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The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. The reports were meant to help businesses respond more quickly to natural disasters. Its new investment will be used to build a scalable platform.
POGOs, short for Philippine Offshore Gaming Operators, are companies licensed by the government to run online gambling sites for overseas players, especially in mainland China where such activities are illegal. While the POGO business has generated billions in tax revenue, it's also been a hotbed of illicit activity.
The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion , a 132% increase from 2020, and is expected to reach $26 billion in GMV by 2025. The platform is currently integrated with 9 courier companies, and the founders say its the only aggregator in the Philippines that has both on-demand and standard couriers.
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. The Pack SuperStore app enables sari-sari owners to process their business’ inventory, bookkeeping and data collection. For the more successful ones, it created a full suite of business tools.
and Philippines. According to the company, R500 million ($34 million) has already been invested in the business, while the rest — R1.1 With its success in South Africa, Tyme is planning to launch operations in Asia and has entered into an agreement to launch a digital bank in the Philippines in the coming months.
Voyager Innovations , the Manila-based owner of PayMaya , one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. Voyager’s total raised since 2018 now stands at $452 million. valuation.
Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. We simply had a love for the earth and spotted an opportunity to apply our little experience of building businesses towards it.”. All of the investors in Humble’s seed round are actively involved in the business.
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 Founded in 2016, GrowSari’s tools for small businesses now include inventory management, pricing tools, a logistics network and working capital loans. million to its Series C round.
E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Plentina launched in the Philippines in October 2020 and has been downloaded more than 30,000 times. Other installment loan services in the Philippines include BillEase, Tendopay and Cashalo.
Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. Social commerce is well-positioned to take off in the Philippines for several reasons, he added.
DesignCrowd , the Australia-headquartered crowdsourcing service for designers, has big plans: it wants to grow its business from $10 million to $100 million as quickly as possible – and its first step is to conquer the US. With this goal in mind, it is taking on 99Designs — which has been based in San Francisco since 2010.
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.
It would appear that OpenAI’s Chat GPT allying with Bing will not be the only threat to Google’s search business model in the future. With its release of WhatsApp Business app (WAB), Meta is effectively building a sort of rival search engine to Google to keep us all inside the app. While this may not trouble U.S. per month).
At the end of last year, Xendit expanded into the Philippines, and says it is now one of the biggest payment players in the country. Xendit’s solutions let businesses accept payments from many of these methods through three integration options. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe.
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . We are taking the best practices along with key learnings to our next market launch.” .
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. Specifically, the company says it helps Amazon sellers exit their business within 30 days and continue to scale their business “to the next level” post-acquisition.
Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. Xendit has made several strategic investments in companies that serve startups and SMEs, including private bank Bank Sahabat Sampoerna in Indonesia and payment gateway Dragonpay in the Philippines.
" She invited me to contribute one sentence for a social media fundraising project she's leading to support female entrepreneurs in the Philippines. She is hoping to raise $10,000 for a group of female entrepreneurs in the Philippines. Some of the contributors so far: Anita Pahor , Women???s
MadEats , Y Combinator alum, claims to be the first “‘full-stack’ delivery-only startup in the Philippines,” with their own virtual storefront, ghost kitchens and fleet of drivers. Dine-in concepts were heavily affected and we saw the need for our business.”. The company announced today it has raised $1.7
The basic concept was that business can help the 5 billion people at the bottom of the economic pyramid. The presentation by Smart Communications of the Philippines was especially cool: they are turning the cell phone into a wallet for the poor. I had a rewarding time at the WRI Bottom of the Pyramid Conference last week.
Citizenship Microsoft Asia Pacific is keeping me pretty busy. I’ve been fortunate enough to be hired to provide three social media trainings to their nonprofit partners in Malaysia (photo above), Singapore, and the Philippines. I’ve been out of touch a mere 10 days and already find myself behind the curve.
Akulaku, which operates in the Philippines and Malaysia in addition to Indoensia, offers a virtual credit card and installment shopping platform, as well as an investment platform and neobank. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment.
Research Alliance members participate in the production of cutting-edge association industry research including Looking Forward TM , the nation’s longest-running and most comprehensive environmental scanning research of the association business environment – and the first association sector scan taking the pandemic into account.
The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. . Its play-to-earn business allows players to earn rewards by playing games like Axie Infinity, Townstar and Spider Tanks, and also get training from professional esports players. .”
Among a variety of justice system-strengthening projects around the world, IJM specifically focuses on ending impunity for online sexual exploitation of children in the Philippines, a global hotspot for the trafficking of children to produce new CSEM through livestreaming video on popular video chat platforms.
and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. London, Manila (Philippines), Kuala Lumpur (Malaysia), Melbourne (Australia), Vietnam and Sri Lanka. This will include the launch of “credit cards as a service” in the U.S. It has offices in 11 locations: Santa Monica (U.S.),
Xendit works with businesses of all sizes, processing more than 65 million transactions with $6.5 Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. So the first few months of the year, the startup’s business was hit hard.
Upmesh was launched nine months ago by Wong Zi Yang, Soh Jan, Nhat Vu and Shawn Teow, and is now used by almost 300 live commerce merchants in Singapore, Malaysia and the Philippines. In the Philippines, however, many vendors do live commerce to supplement their brick-and-mortar shops.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Its third-largest vertical are bookkeeping and accounting apps used by businesses. Inside Plaid’s plans to build a new, global finance network.
Its clients range from startups to international brands, and include Mango, Vans, Payless Shoes, Toshiba and Landmark, a department store chain in the Philippines. Robertz told TechCrunch that Locad is able to keep an asset-light business model by partnering with warehouse operators and facility managers.
Founded in 2013 for on-demand deliveries within the same city, Lalamove has since grown its business to include freight services, enterprise logistics, moving and vehicle rental. The company entered the United States for the first time in October, and currently claims about 480,000 monthly active drivers and 7.2
Cebu, Philippines. I hope you’ll pause at each one and think about the way water is changing the lives of those in the pictures and community around the world: 350 Rising Sea Level Campaign at Kuala Terengganu, Malaysia. 350 action in Oman Dive Center. Hulhumale Maldives. Find more pictures and stories from #101010 and 350.org
Since then, Brankas chief of staff Bala Subramanian told TechCrunch that it’s been “aggressively building new products during the pandemic, which have seen great uptake in our current operating markets of Indonesia, the Philippines, Thailand and Singapore.”.
The Philippines has had cell phone banking for years. It's a great idea, and raises the floor for the poor by giving basic banking services to people the banks have never cared about (until now, when the innovation starts biting at their businesses from the bottom!). Don't bark at us. The common thread is prepaid cell service.
The proliferation of delivery services give customers many options, but means chaos for busy restaurants that need to manage orders across multiple apps and channels. Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform.
Khairy told TechCrunch that since the startup’s launch, growth has been exponential and they have so far served over 7,000 businesses reaching 20 million customers. Khairy, Assy and Alfar, started building Gameball as a Shopify app, before moving on to build an API solution for businesses outside Shopify. Image Credit : Gameball.
Panasonic, the consumer electronics giant that also develops solar panels, air conditioning units and many other products for its sizable buildings and construction business , is taking an investment in Aldagram. It has been partnering with Aldagram since 2022. More than 10,000 corporates in over 10 countries, including the U.K.,
Called SoBanHang (or “sales book”), it would help businesses that usually rely on paper ledgers digitize their operations, similar to Khatabook in India and BukuKas and BukuWarung in Indonesia. The businesses SoBanHang had been working with, which are often family owned and have less than five employees, struggled to cope.
HitPay has almost everything SMEs need to run their businesses. It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines. The Y Combinator alum announced today that it has raised $15.75
Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other. million (3.5 billion yen) in equity and $11.6 million (1.5
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. Ninja Van claims it delivers approximately 2 million parcels a day, with more than 1.5 million active shippers and around 100 million recipients. It currently employs more than 61,000 staff.
The QR codes (usually in the form of stickers so food and beverage businesses don’t need to order new packaging) also offer an incentive if customers scan it and fill out a survey—but the discount or free item can’t be redeemed through third-party delivery apps, only through direct orders with the restaurant.
Pylon currently operates in Egypt and the Philippines. Ashour worked in the metering and utility business for more than a decade and led the implementation of smart metering technologies — particularly hardware– across Africa, Europe, Asia and the Middle East for various companies. government.
Shippit is considering expansion into the Philippines and Indonesia, too, and expects its Southeast Asian business to grow 100% year-over-year for the next three years at minimum. ” co-founder and co-chief executive officer William On told TechCrunch.
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