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

TechCrunch

We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. and Philippines. According to the company, R500 million ($34 million) has already been invested in the business, while the rest — R1.1 This time, a startup from Africa has joined the party.

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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 startup, a Y Combinator and Iterative alum, announced today it has raised $2.2 million in seed funding. Shipmates founders David Marquez and Josh Supan.

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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. Before raising, Packworks bootstrapped its way to working with 150,000 sari-sari stores, the company says. The Pack SuperStore app enables sari-sari owners to process their business’ inventory, bookkeeping and data collection.

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Philippines ‘buy now, pay later’ startup Plentina raises $2.2M seed round

TechCrunch

E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Its last funding was $750,000 pre-seed round raised last year from investors including Techstars, Emergent Ventures and the 500 Startups Vietnam Fund. Plentina co-founders Kevin Gabayan and Earl Valencia.

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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.