Author: Pancho Dizon
Coins.ph’s steady expansion means its app will eventually be accessible and downloadable outside the Philippines. Apart from targeting local communities abroad, Coins.ph is also positioning itself as a handy tool for remittances.
The app automates various financial tasks including reporting, budgeting, forecasting, tax filings, payroll, and more with just a single click, streamlining operations for businesses.
Founded in 2011 by Kristo Käärmann and Taavet Hinrikus, Wise specializes in cross-border payment transfers. The company enables its users to hold 40+ currencies, move money between countries, and spend money abroad.
Both programs are aligned with RA 11337, or the Innovative Startup Act, which aims to boost the local creative industry’s market and investment readiness.
Co-founded in 2023 by CEO Martin Consing and CTO Kurt Izak Cabanilla, Amica AI developed Haven to both entertain users and fight loneliness with AI companions possessing unique personalities and agency.
The platform automates various tasks, such as issuing both one-time and recurring invoices, while providing valuable insights into distinct categories like billed versus paid invoices.
Combining Hubware’s penchant for innovation with BuildMart PH’s extensive industry experience, the two companies will solve pain points construction industry players encounter when procuring supplies online.
The initiative offers five Filipino startups the chance to embark on a transformative journey, culminating with the startup demo day at the Collision 2024 tech event in Toronto, Canada from June 17-20, 2024.
In an official announcement, the Philippine arm of the same-day delivery service explained that the decision to shut down country operations after five years of service “was made with careful consideration of the business landscape”.
The fund, known as Wavemaker Pacific 5 or Wavemaker SEA Fund V, aims to support startups within Southeast Asia’s rapidly expanding technology sector.
The layoffs reached Lazada Philippines despite celebrating an almost 300% sales lift after its platform-wide 11.11 sale last year.
According to a Q&A posted on the NextPay website, the company has decided to close its payment acceptance services such as Payment Links, Invoices, and PocketPay, to focus more on its disbursement solutions including NextPay Deposits and Disbursements.