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September: Philippines

Technology news from The Philippines in September touched on items including, for instance: car-sharing and advertising-tech in the Philippines; a new $30 million SEA-wide VC fund; earned-wage access startup, Advance; and more.  Hit the links below to read each Filipino tech news item in full.

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Philippines VC 2024

Foxmont & BCG: Philippine Venture Capital Report 2024

  • Startups in the Philippines set to gain with SEA-focused VC firm, TNB Aura, planning to invest around $30M over 3 years in promising firms / full item
  • Philippines: DOON peer-to-peer car-share platform secures $1.5M pre-seed funding, looking to boost presence in key cities and tourist destinations across the country / full item

A video interview intro to Malaysia’s Carching, which recently launched in The Philippines / watch on YouTube

  • Philippines’ franchise holder of McDonald’s partners India’s Tata Consultancy Services for cloud-focused upgrade of more than 760 restaurants. / full item
  • Philippines: Advance salary-on-demand startup inks $1.8M agreement with Cebuana Lhuillier for credit lines for MSMEs in need of capital / full item
The Virtual Try-On Race

The Virtual Try-On Race – AI & the customer experience

  • Philippines Science High School has introduced Pisay-DigiCert, a blockchain-based system for portable digital credentials. / full item
  • Philippines: Malaysia’s Carching Ventures launches in the Philippines to help drivers earn from product ads while driving / full item

Philippines: “Agri-Tech startup SariSuki has partnered with Super8 retail grocery to sell locally-procured farm produce… at a price that is 40% lower that prevailing supermarket prices.” / full item

  • Zed, a credit-led neobank, recently introduced the Philippines’ first credit card without foreign transaction fees, interest charges or annual fees… / full item
  • Philippines: Central bank finds the country’s 6 digi-banks attracted 8.7M depositors as of June 2024, significantly larger than 3.6M depositors of 1 year ago / full item
  • New Zealand: Checkmate pre-employment screening startup lands $1.6M seed funding, targeting markets including Australia and The Philippines / full item
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