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Komunidad, a Philippines-based environmental intelligence platform, lands seed round

TechCrunch

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.

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Philippines shutters its online gambling industry amid tax evasion, human trafficking concerns

TechSpot

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.

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Shipmates makes order fulfillment less tedious for the Philippines’ online sellers

TechCrunch

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.

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Packworks makes operations easier for sari-sari stores in the Philippines

TechCrunch

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.

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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

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.

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PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines

TechCrunch

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.

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Humble keeps excess inventory out of the Philippines’ landfills

TechCrunch

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.