Borzo Philippines, previously known as MrSpeedy, will close its operations by January 31, 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”. It additionally assured customers of its unwavering commitment to ensuring a seamless transition and pledged to promptly address any concerns that arise during the process.
Borzo Philippines would later explain that the last day to use and book an order with its app would be on January 15, while January 19 would serve as the last day for any claims request. Client top up refunds will be processed until January 26.
Founded in 2012, the Amsterdam-based delivery startup operates in 10 other countries, namely Indonesia, Korea, Malaysia, Mexico, Russia, Turkey, Vietnam, Brazil, and India. It was previously known in the Philippines under the name MrSpeedy, until it rebranded to Borzo in 2021 following Borzo’s rapid expansion into a number of global markets.
The service became popular for its same-day delivery capabilities and its penchant for catering to small and medium enterprises, especially as it saw an increase in demand during the height of the COVID-19 pandemic.
Many Facebook users expressed their gratitude towards Borzo Philippines on the company’s official Facebook page, with multiple users crediting the service with helping their business grow and even providing employment during difficult times.
Although Borzo will shut down in the Philippines, the company still remains active in other emerging markets such as India.
I cannot open my borzo apps