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UNOAsia plans to double down on growth in the Philippines.
The parent company of UNO Digital Bank, one of the fully digital banks allowed to operate in the Philippines, has raised $11 million (about P611.2 million) in a pre-Series A round, the company announced on Tuesday (August 2). Headquartered in Singapore, UNOAsia is ...
 
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Carrying out the ultimate adulting task of managing your expenses doesn’t have to be scary.
Not ready to adult? Well, you’re not alone. A whole graduating class of Gen Zs are stuck in euphoric limbo between fresh college grad and fully-fledged employed adult. But eventually, the honeymoon phase will end and the new slew of to-be-employed youths ...
 
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The company will use the funds to accelerate growth in the country.
The parent company of the Philippines’ Tonik Digital Bank has raised $131 million (about P6.73 billion) in its Series B funding round. Tonik Financial Pte Ltd said it will use the fresh funds to accelerate the growth of its digital bank in ...
 
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Negotiations are ongoing.
It looks like Citigroup has found a Filipino partner that will take on its consumer banking assets following its exit from the country earlier this year. A Bloomberg report on Wednesday (December 1), cited sources who said Citigroup Inc has chosen Union Bank ...
 
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The Department of Finance is pushing for a new law on taxes.
We all know being a commuter in Metro Manila is far from being easy, which is why most people save up for years to be able to buy their own car—a solution that has its own set of problems, but that's another story. A new law ...
 
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The new SEC-approved crowdfunding guidelines now give startups and small and medium-sized enterprises an alternative method of financing their businesses.
Many entrepreneurs have struggled with getting bank loans and traditional funding to get their businesses off the ground, but startups and small and medium enterprises can now look to crowdfunding as a means to fulfill their ventures. The Securities and Exchange Commission (SEC) ...
 
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Who's automatically in or out when it comes to investing in citizenships?
The mere mention of a second passport sparks a number of questions, from how much it costs to how long it takes to get one. First things first: A potential applicant must know if he or she is eligible to apply for one. Knowing ...
 
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It also promises to help clients prepare the next generation of the ultra-rich.
A new private banking service by a local bank will cater to ultra-high net worth individuals and their families, people who have a net worth of at least P100 million.UnionBank recently launched its new private banking service, which it will carry out ...
 
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What’s the use of having lots of money if you don’t know how to handle it?
According to the latest Wealth Report from real estate consultancy Knight Frank, there were over 24,100 individuals in the Philippines whose net worth was at least $1 million (P52.7 million) in 2018. That number shrinks to 215 when you only count ultra ...
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