The Q2 quarterly snapshot of tech news from The Philippines, covering April, May and June of 2024 and looking at technology, startups and VC funding.
In June 2024 | In May 2024 | In April 2024
Foxmont & BCG: Philippine Venture Capital Report 2024
Filipino tech news in June 2024
- Echelon Philippines tech & startup conference and expo from e27 is set for September 26-27 – details here / full item
- Philippines: South Korea’s Kakao and Japan’s LINE partner for Kaia blockchain platform in the Philippines, focusing on Web3 gaming and associated opportunities / full item
- Philippines: Manila startup ecosystem valued at $6.4 billion at end-2023, according to 2024 Global Startup Ecosystem Report, with fintech, gaming and e-commerce the standout sectors / full item
- Philippines: Elevate fintech secures $5M with platform allowing digital workers to receive payment in US dollars, supporting deposits from platforms including Upwork and Fiverr / full item
- Philippines: US firm Intelsat becomes first foreign firm to provide infra support to mobile network operators, telecoms carriers and ISPs / full item
- Philippines: Batangas City and Prime Infra unveil 64-megawatt solar plant, adding to electricity mix for up to 80,000 households / full item
- Lufthansa Technik Philippines opens LTP Startup Challenge applications with Seedstars, seeking startups with artificial intelligence tech for aviation maintenance and repairs / full item
“More than 1/3 of startups in the Philippines reported insufficient data on their business prospects and the customer journey. Only 58% of startups…indicated satisfaction with their tech stack…” / full item
Philippines tech snapshot: May 2024
- Philippines: Switzerland’s DFinity Foundation opens launchpad with Isla Camp to identify and develop Filipino Web3 startups with initial $15M grant for operations / read it here
- A quick look at the impact of the Australian government Investing in Women program on women-led small businesses in The Philippines / read it here
- Philippines: Anti-Red Tape Authority partners Twala, digital ID startup supported by Dep’t of Science & Tech Startup Grant Fund, to ease business activities in the country / read it here
- PLDT, Philippines’ largest telecoms group, now in talks to sell up to 49% of data centre business to Japan’s Nippon Telegraph & Telephone in $750M deal / read it here
April 2024 Tech news: Philippines
- Philippines: Binance, world’s largest cryptocurrency exchange by trading volume, faces a ban in the Philippines with financial regulator blocking access due to unlicensed activities / read it here
- An intro to 3 of the startups taking part in Block Dojo Philippines Cohort 1, working on blockchain solutions in real estate, logistics and credentials / read it here
- South Korea’s GLN expands QR payments to the Philippines in partnership with Asia United Bank, enabling the QRPh cross-border payment service for visitors to the Philippines / read it here
- Philippines: Moneybees cryptocurrency exchange partners Tambunting pawnshop conglomerate to add crypto as a payments and payout option / read it here
- Philippines: An intro to Mayani, end-to-end farmer-focused tech firm integrating access to markets, inputs and credit for small farms and fisheries / read it here
- Philippines: Yield Guild Games blockchain gaming firm preps to lift community awareness of Web3 tech with YGG Pilipinas Roadtrip, backed by gov’t Dep’t of Info & Comms Tech / read it here
- Philippines: SUSI Asia Energy Transition Fund partners Alba Renewables for development, construction and operation of utility-scale renewables platform featuring solar and onshore wind projects / read it here
- The future of work: Cashiers are Zooming in from the Philippines to take orders at a US fried chicken joint / read it here
- Philippines: A video interview intro to Packworks, digitizing corner ‘sari-sari’ stores with solutions including online sales and digital payments / read it here
- Philippines: A video interview intro to Packworks, digitizing corner ‘sari-sari’ stores with solutions including online sales and digital payments / view it here
- Philippines: BillEase buy-now-pay-later firm raised $11M in new funding, with key service differentiation allowing customers to build formal credit records / read it here
- Philippines: Gov’t inks agreement with Plug&Play for development of national innovation platform to grow startups, aiming to develop 40 firms annually / read it here
- Philippine Rice Research Institute and Int’l Rice Research Institute partner for Drones4Rice project, aiming for standardized protocols to develop productivity and sustainability / read it here
- Philippines: Higala secures near $5M with instant payment system for thrift banks, rural banks and microfinance, a low-cost alternative to banking industry’s prohibitive switching and on-ramp fees / read it here
- Philippines: Pomelo ‘send now, pay later’ fintech raises $35M Series A, building out Mastercard partnership with international remittances that allow a user to also build credit rating / read it here
- Video: An interview overview of digital identity’s core importance to Web3 in the context of The Philippines, with nChain blockchain services firm co-founder / read it here
- “Researchers…reported a nearly 325% jump in malicious cyber activity targeting the Philippines during the first months of 2024, compared to levels at the end of 2023. / read it here
- Australia: Stables, digital wallet and payments startup, launches international remittances powered by stablecoins, focusing on Australia-Philippines transactions / read it here
Critical technologies, globally, in Q2 2024 – space, semiconductors, cyber…
Asia/Indo-Pac tech news
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