More articles about: capital

For a second there, Filipino traders on Google Finance couldn't believe their eyes. It was a glimpse of what it meant to be a first-world country.On early Monday, September 9, 2024, the platform showed the United States dollar to ...

Atome Financial, a leading financial technology platform in Southeast Asia, has secured a new loan facility from Singapore-headquartered EvolutionX Debt Capital. The investment, which hopes to raise an additional $100 million through a syndicate of investors, has a three-year term. ...

Liquor producer Emperador, Inc. (EMP) has allocated P6.5 billion for its capital expenditures to grow its distillery this year. According to the company, the investment is expected to double its current production capacity while catering to the rising demand for premium ...

Financial technology company First Circle has secured P410 million ($7 million) in investment from Washington-headquartered International Finance Corporation (IFC). The capital will allow the fintech to raise funds to expand its loan book for small and medium enterprises (SMEs). For IFC, ...

BayaniPay, a financial technology startup, is looking to increase its processed payments tenfold, from $20 million in 2023 to $200 million within the year. This comes after the company secured an additional $3 million in fresh capital from investors Wavemaker Partners, PTGB, ...

Financial technology startup Elevate has raised additional funding worth $5 million (almost P293 million) to expand its operations and cater to more freelancers in the Philippines. The platform simplifies the process for self-employed workers to receive payments in U.S. dollars ( ...

Mober, an electric vehicle startup in the Philippines, is set to expand its fleet after securing an investment of $6 million (P350 million) from the Southeast Asia Clean Energy Facility II (SEACEF II). The funding allows the company to increase the number ...

Pickup Coffee is gearing up to broaden its market in the Philippines even more as it joins Endeavor's network of "high-impact" global entrepreneurs.Endeavor made the announcement at the 99th International Selection Panel held in Nairobi, Kenya from May 22 ...

Philippine-based hybrid femtech startup Kindred has just raised $1 million (approximately P55.2 million) from its seed round, bringing the brand's total valuation to $6 million (approximately P331 million) just one year since its founding. The startup's investors so ...

Philippine corporate venture capital firm Kickstart Ventures has infused a multi-million-dollar investment in Roslin Technologies, a biotechnology company that specializes in stem cell technology for cultivated meat. Kickstart Ventures, which is wholly-owned by Globe Telecom, led the deal through ...

Shoppable Business, a B2B e-commerce marketplace and technology company in the Philippines, has raised $1.15 million (P63.9 million) in oversubscribed pre-seed funding. Foxmont Capital Partners and Seedstars International Ventures co-led the round, with participation from a global ...

Kaya Founders, a venture capital firm based in Manila, has announced the first close of its two new funds, amounting to $12 million (approximately P671 million) in funding.This brings the total committed capital managed by Kaya Founders to $16.5 million ( ...

After reviewing over 270 applications, Filipino startup incubator Founders Launchpad has found its first cohort. Six local startups have been chosen as part of the incubator's initial staging. Ranging from healthcare to e-commerce, the chosen startups are: Itemcount, Kippap Learning ...