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The Philippines' startup ecosystem is heavily concentrated in the financial technology space. This focus is seen in the rise of digital banking, payments, and lending platforms.
Leading the charge are companies like DITO Telecommunity, which has raised $3.9 billion, and Mynt, with $1.3 billion in funding. These firms highlight the significant investment flowing into the country's key sectors.
Below is our list of 17 Philippines startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Maya created an all-in-one money platform that serves as a digital bank for consumers in the Philippines. The app integrates everyday payments, high-interest savings, credit, and cryptocurrency trading into a single user experience.
Coins.ph built a digital wallet and financial services platform for the Philippines market, allowing users to easily trade cryptocurrencies. The service is known for integrating crypto with everyday financial activities, such as paying bills and buying mobile credits.
Mynt operates Gcash, a popular mobile wallet that provides a wide array of digital financial services. The platform enables everything from simple payment handling and money transfers to micro-lending and other business solutions.
PickUp Coffee brings espresso and milk-based beverages to a wider audience by focusing on accessibility and affordability. The company operates a convenient grab-and-go model that serves quality coffee without the high price tag.
BillEase created a consumer finance app that provides flexible payment options for shoppers in the Philippines. The app's AI-driven platform offers buy now, pay later services and personal loans to make purchases more manageable.
GoTyme Bank runs a digital banking service in the Philippines that combines a mobile app with a network of physical kiosks for a high-touch approach. Their platform offers users high-interest savings accounts, free money transfers, and a debit card that earns shopping rewards.
The team at Zed is building a credit card that does away with common fees like interest and international transaction charges. Their card also lets users create unlimited virtual cards for safer online payments.
One Stop Warehouse operates as a major wholesale distributor for the solar industry, sourcing a wide array of products from global suppliers. They equip renewable energy professionals with everything from solar panels and inverters to batteries and mounting systems.
GCash operates a leading finance super app in the Philippines, giving users a powerful digital wallet for everyday transactions. Their service expands beyond simple payments to include savings, credit, insurance, and investment products within the app.
DITO Telecommunity built a new telecommunications network in the Philippines to provide mobile and broadband services. They are focused on delivering high-speed 5G connectivity to challenge the country's existing major players.
Our top ten picks are just the beginning of the story in the Philippines. New companies are popping up all the time, tackling big problems in finance, education, and healthcare.
Many are in the fintech space, with funding that ranges from early seed rounds to major private equity investments. Here’s a look at seven more startups that are shaping the country's startup scene.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Fintech | 2022 | ₱570M | Debt Financing | |
| Fintech | 2017 | $75M | Debt Financing | |
| Fintech | 1965 | $75M | Convertible Note | |
| Education | 2021 | ₱8.3B | Private Equity | |
| Fintech | 2021 | $5.1M | Seed | |
| Healthcare | 2022 | $6.5M | Seed | |
| Retail | 2023 | $1.8M | Pre-Seed |
