Philippines Volanews

CHINA FINTECH Oriente

Fintech startup Oriente raises $20m in debt funding for Philippines expansion The company operates Cashalo, a mobile app that provides credit and online-to-offline (O2O) on-demand financing services, in the Philippines.

by DealStreetAsia

2020-03-04

PHILIPPINES VC Kickstart Ventures

Kickstart Ventures seeks potential Philippine unicorns with USD 200 million fund The VC is looking to pour USD 2 million to USD 10 million into Series A to C global companies through the fund.

by kr-asia

2020-03-03

PHILIPPINES Financial Services Asian Development Bank

ADB raising $50m for SDG-focused debut venture fund Manila-headquartered Asian Development Bank (ADB) is raising $50 million for its debut fund that will invest in startups offering impact technology solutions that contribute to the achievement of the Sustainable Development Goals (SDGs) in Asia and the Pacific.

by DealStreetAsia

2020-02-05

PHILIPPINES FOOD Fruitas

Philippines: Fruitas Holdings buys two food firms after raising $20m in IPO The firm has set aside an allocation of $2.6 million for the acquisition of food firms this year.

by DealStreetAsia

2020-02-04

PHILIPPINES Corporate service MicroSourcing

PE-backed Probe BPO acquiring PH-based MicroSourcing for $69m Salmat first acquired 50 per cent of MicroSourcing in 2013 and the remaining 50 per cent in 2016 for $31 million.

by DealStreetAsia

2020-01-10

SINGAPORE INSURANCE Singlife

Aboitiz Equity Ventures partners Singlife in new insurance JV Singlife, valued at $360 million, is the first independent life insurance company that is fully licensed by the Monetary Authority of Singapore.

by DealStreetAsia

2019-12-23

PHILIPPINES FINTECH Acudeen

PH bank RCBC teams up with fintech startup Acudeen for new $2b fund Both companies share the same goal of financial inclusion among MSMEs, which they claim represent 99 per cent of all businesses in the Philippines.

by DealStreetAsia

2019-12-23

PHILIPPINES INVESTMENT ACCELERATOR

Philippines-based accelerator IdeaSpace invests in logistics, tourism startups Philippines-based tech startup accelerator IdeaSpace has announced an investment in three firms that were part of its incubator programme.

by DealStreetAsia

2019-12-06

PHILIPPINES POLICY VC

DTI eyes $2.5 million venture fund for PH startups DTI is looking at allocating an initial 150 million pesos ($2.5 million) to set up a venture fund that will match investments by selected investors in the country’s promising startups.

by DealStreetAsia

2019-11-27

PHILIPPINES ACQUISITION MANUFACTURING

Philippines’ Udenna buying Chevron’s stake in Malampaya gas project Philippine oil and shipping group Udenna Corp said on Wednesday it has signed a deal to acquire the 45% interest of a Chevron unit in the country’s Malampaya gas-to-power project, subject to regulatory approvals.

by Deal Street Asia

2019-11-14

PHILIPPINES ACQUISITION FOOD

Dennis Uy’s Udenna buys Philippine restaurants of Wendy’s The acquisition was carried out by Udenna’s food group subsidiary Eight-8-Ate Holdings Inc.

by DealStreetAsia

2019-11-13

PHILIPPINES Cal-Comp Technology IPO

Philippine electronics maker Cal-Comp defers $210m IPO again “The company believes that the initial valuations indicated by the market do not fully reflect its strong performance and growth prospects,” Cal-Comp said.

by DealStreetAsia

2019-11-08

PHILIPPINES ACQUISITION GIANTS

Philippines-listed consumer tech company Xurpas to acquire VC firm Wavemaker Partners US With over $210 million in assets under management, Wavemaker US has been operating for almost 17 years.

by e27

2019-11-07

PHILIPPINES Didi Chuxing CHINA

Didi Chuxing in talks to enter the Philippines – The Philippine Daily Inquirer China’s biggest ride-sharing company Didi Chuxing is in talks with a Filipino group in a bid to end Grab Philippines’ virtual monopoly in the country.

by e27.co

2019-11-05

PHILIPPINES IPO

Philippines electronics maker Cal-Comp receives PSE nod for $210m IPO Cal-Comp Tech, which is engaged in the manufacturing of external hard disk drives and televisions, currently has over 6,000 employees at its manufacturing facilities located at the Lima Technology Center in Lipa City and at the First Philippine Industrial Park in Sto. Tomas, Batangas.

by DealStreetAsia

2019-10-29

INVESTMENT PHILIPPINES ARQCapital

PH-based ARQCapital invests in dialysis chain operator Medline ARQCapital, a Philippines-based investment firm focused on providing growth capital, announced that it has invested in Medline, a dialysis chain operator and franchising pioneer in the country. Financial details of the investment were not disclosed.

by DealStreetAsia

2019-10-25

STARTUP INVESTMENT PHILIPPINES

Philippine F&B kiosk operator Fruitas gets SEC nod for $23m IPO Founded in 2002, Fruitas has over 900 stores across the country and over 20 brands in its portfolio.

by DealStreetAsia

2019-10-25

INVESTMENT PHILIPPINES Fractal

Bank-grade ID company Fractal partners with Philippine-based investment platform Seedbox, providing bankless access to mutual funds The Berlin and Singapore-based identification management company signs an agreement with Seedbox to put the effort in driving financial inclusion in Southeast Asia, starting with the Philippines.

by e27.co

2019-10-25

PHILIPPINES Alliance Select Foods International

PH-listed seafood firm Alliance Select sells US business, Indonesia assets Alliance Select Foods International, a Philippines-listed seafood company, announced today that it has exited its business in the US and sold its assets in Indonesia to focus on its domestic and New Zealand operations.

by Deal Street Asia

2019-10-24

PHILIPPINES Edukayson.ph EDTECH

Edtech platform Edukayson.ph raises undisclosed Series A to boost education and employment in the Philippines Manila-based education technology platform Edukasyon.ph to use the latest Series A round for new platform features and multimedia offering for students in the Philippines.

by e27

2019-10-24