Author: Christian Francisco
Shoppable Business, a Philippine-based B2B e-commerce marketplace startup, has announced raising $1.15 million (about P64 million) in its oversubscribed pre-Seed funding round.
ODD joins nine other startups from seven markets across Southeast Asia, South Asia, and the Middle East and North Africa region, according to the announcement.
Pilon is an innovator in cloud-based supply chain financing systems. The company helps local businesses navigate cash flow challenges, offering solutions that promise to disrupt industries.
The two funds have a combined target of $25 million and the first close was anchored by the Gokongwei family, with participation from institutional investors, family offices, high-net-worth individuals, and prominent entrepreneurs.
The plan is to introduce a ride-hailing service that would be more affordable and with a unique business model that would benefit both the riders and the drivers.
Netbank, which has a rural bank license in the Philippines, provides various banking solutions like alternative lenders, payment solutions, neobanks, and wallets.
The startup operates a platform that turns global liquidity into working capital for small businesses in emerging markets. The platform allows investors to deploy capital to real-world businesses and earn competitive returns.
ORA said it will use the fresh funding to expand its presence into new territories – in addition to its operations in Singapore, Malaysia, and the Philippines – and develop new products.
The pitch competition, a collaboration between the Philippines and the United Arab Emirates, allowed companies to present their ideas to a panel of esteemed judges. As the winner, etaily will now bring its expertise and winning idea to Dubai for the Finals.
The approval means businesses in Macau can now accept GCash payments through Macau Pass payment devices, along with other e-wallets from Alipay, AlipayHK, WeChat Pay, Simple Pay, Touch ‘n Go eWallet, and TrueMoney.
Edge Tutor initially offered online tutoring in English and Math for K-12 learners in the Philippines. Due to international demand, it has expanded to 20 countries across the Americas, Europe, and Asia-Pacific, providing additional teacher support to different tutoring businesses 24/7.
BigPay, the Southeast Asian financial technology (fintech) company of Malaysia’s Capital A, has hinted at a possible launch in the Philippines later this year.