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Philippines
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2521

Portal lets maid take control of earnings sent home to Philippines

By Joanna Seow,

Remitting money home is sometimes a frustrating exercise for Filipino maid Nilda Sesaldo, 37.

(more…)

Fintech news, p2p-payments, Philippines

January 24, 2016

2624

PH fintech firm Ayannah raising $3m capital

DealStreetAsia: Philippine financial technology (fintech) company Ayannah is in the process of raising $3 million in its Series A round led by 500 Startups and Life.SREDA, and other fintech tech investors have already participated in the financing round.

(more…)

Fintech news, news, Philippines

December 30, 2015

2824

Meet The 8 Startups Chosen For Life.SREDA’s Fintech Programme

E27: Meet the first 8 startups chosen for InspirAsia – Life.SREDA’s fintech post-accelerating programme: Softpay (Vietnam), Mobikon (Singapore), Rev (Malaysia), StoreHub (Malaysia), HotTab (Vietnam), Ayannah (Philippines), HomePay (Singapore), TIDE (Malaysia). Singapore-based fintech venture capital firm, Life.SREDA, has announced eight startups selected for its InspirAsia accelerator programme. Each startup that joins the VC fund’s 30-180-day pre-series A accelerator programme, which kicks off in September, will receive between $50,000 and $500,000 in funding, depending on the stage of the startup, in return for 5% to 15% equity, besides $250,000 in support services. At the end of the programme, the fund can decide on additional funding or bridge fundraising from other VCs from its network. (more…)

Hotnews, InspirAsia, Singapore

July 29, 2015

2497

Uber For Banking? Coins.ph Turns People Into ATMs

TechInAsia: Philippine Bitcoin startup Coins.ph has come up with a way for you to move money without having to deal with a bank. A new service on its Bitcoin wallet called “Teller” turns anyone with a smartphone into an ATM, where you can deposit your money. Think Uber for banking. (more…)

Cryptocurrencies, Fintech news, InspirAsia, news, Philippines

July 21, 2015

1462

Temasek’s Indian Unit InnoVen Capital To Expand To Singapore

E27: InnoVen Capital, a Mumbai-based venture debt fund which recently got acquired by Singapore government-backed Temasek Holdings for INR 300 crore (under $50M), is planning to expand its operations to Singapore, says a report by The Economic Times, citing its Managing Director Vinod Murali. (more…)

India, InspirAsia, Singapore

July 14, 2015

1933

War of Messengers

TECHINASIA: E-Marketer predicts that by 2018 there will be 200 million new smartphone users in emerging Asia. To put that into context, that’s more users than there are currently in the whole of U.S. The opportunity is huge for the developers of these apps, but also for brands to tap into their potential to participate in peer to peer conversation in an engaging and meaningful way. (more…)

Fintech news, InspirAsia, news

July 13, 2015

1927

Singapore’s fin-tech startup Toast raising US$750K seed

E27CO: Singapore-based fin-tech startup Toast is raising a US$750,000 seed round, with half the funds already committed, e27 has learned. The Startupbootcamp (Fintech Singapore) incubated startup founded by British entrepreneur Aaron Siwoku, which just relaunched following a rebranding from Cryptosigma last week, has already received S$24,500 (US$18,000) in return for an eight per cent equity stake from the accelerator.

(more…)

Fintech news, InspirAsia, news, Remittances, Singapore

July 8, 2015

3906

Unbanked Stories: Thai, Myanmar, Mexico, Bangladesh, and the Philippines

E27.CO: Philippines-based fin-tech startup LoanSolutions has raised an undisclosed round of funding from a group of international investors led by KK Fund, with participation from other venture capitalist funds and angel investors, including Kickstart Ventures and John Dang, CEO of Zipmatch. (more…)

InspirAsia, Myanmar, Philippines

July 6, 2015

4429

15 Southeast Asian Fintech Startups Worth Looking At

TECHINASIA: Vladislav Solodkiy, Life.SREDA VC: It has been almost 2 months since I relocated to Singapore. During this time I saw about 100 fintech projects at different stages. My last article was dedicated to 5 most promising mPOS-acquiring startups, and now I’d like to introduce 15 more projects. (more…)

Hotnews, InspirAsia, Malaysia, news, Philippines, Singapore

July 5, 2015

2494

PH Startup PawnHero Wins The Judges’ Choice Award at Echelon Asia Summit 2015

DEALSTREETASIA: Philippine fintech startup PawnHero has won the Echelon Asia Summit 2015 Judges’ Choice Award in Singapore Wednesday night, beating nine other finalists out of the original 500 applications from around Asia. (more…)

InspirAsia, Philippines

June 25, 2015

1563

Crowdfunding For Small Firms

The Economist: Crowdfunding is just one of a number of ways in which European SMEs, typically far more reliant on bank financing than their American counterparts (see chart), are trying to compensate for the continuing decline in bank lending. Others include issuing publicly tradable debt or equity; placing securities privately with institutional investors; and accepting loans from non-bank financial institutions (“shadow banks”). Banks and others are also securitising loans to SMEs (ie, pooling them, dividing the pool into tranches with different degrees of risk, and selling the resulting securities to investors). Governments are keen to promote all this, to limit the economic harm done by sickly banks.  (more…)

Crowdfunding/investing, Fintech news, news

June 1, 2015

2027

Philippines Growth Racing Ahead of Neighbors

The Wall Street Journal: The Philippines’ economy is shedding its reputation as a laggard and outpacing others in the region—with the fastest growth rate among major economies in East Asia after China. The country notched growth last year of just over 6%, and the central bank targets growth of 7% to 8% in 2015. That compares with 0.9% in Thailand and 5% in Indonesia in 2014. For years, the Philippines was viewed as a sluggish economy marred by graft and bureaucratic inefficiencies. (more…)

InspirAsia, Philippines

May 18, 2015

1976

PLDT To Invest $100m In Big Data Services

DEALSTREETASIA: The Philippine Long Distance and Telephone Co (PLDT) is planning to invest around $100 million in its Big Data business, meant to help companies and government agencies develop more effective products, services, and programs for their target markets, a top company executive said. (more…)

Fintech news, InspirAsia, news, Philippines

May 14, 2015

1261

Philippines becomes first country to create rules for ridesharing services such as Uber

TECHINASIA: The Philippines has made technology-based ridesharing services like Uber legal, providing a regulatory framework for them to operate in the country. (more…)

Fintech news

May 11, 2015

2754

PawnHero, LoanSolutions Partner To Provide Lending Options To Filipinos

E27.CO: The move is aimed at giving Filipinos easier access to loans and enabling more financial power (more…)

InspirAsia, Philippines

May 8, 2015

Philippine Startup Satoshi Citadel Industries Acquires BuyBitcoin.ph

E27.CO: Philippine startup Satoshi Citadel Industries (SCI) has acquired BuyBitcoin.ph, the first Philippine Bitcoin exchange in the country. Founded by Sam Kaddoura, Lasse Birk Olesen, James Florentino and Dan Walton in January 2014, BuyBitcoin.ph is a peso to Bitcoin ‘over-the-counter’ exchange which allows Filipinos direct access to buying and selling of the cryptocurrency. (more…)

Cryptocurrencies, Deals, Fintech news, InspirAsia, news, Philippines

April 14, 2015

2198

Startup Pawnhero to represent PH in Echelon Asia Summit 2015

DEALSTREETASIA: Startup company Pawnhero will be representing the Philippines in the upcoming Echelon Asia Summit 2015, after winning the main award in the first-ever Echelon Top 100 Philippines Qualifiers. (more…)

Fintech news, InspirAsia, news, Philippines

March 27, 2015

2170

BeamAndGo Is A Remittance Service For Filipinos That Guards Against Misspent Funds

TECHINASIA: Cash remittances from overseas Filipino workers (OFWs) have proven to be a crucial lifeline for their families back home. Yet BeamAndGo founder Mariliese Tan believes there’s a better way to support these families other than cash: digital gift certificates.

(more…)

Fintech news, InspirAsia, news, p2p-payments, Philippines, Remittances

March 13, 2015