Archive
Y-Combinator Alumnus NextPay Secures US$1.6 Million in Seed Funding
NextPay, a digital platform that offers entrepreneurs banking solutions, has raised US$1.6 million (over P80 million) in seed funding. Singapore-based venture capitalist Golden Gate Ventures and Gentree Fund led the oversubscribed seed financing round. Other foreign investors that participated in
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Mambu Says 33 Million Filipinos With Digital Wallets Remain Formally Unbanked
A recent study of 2,000 global consumers by Mambu, the market-leading banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able
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Unionbank Becomes the Fourth Bank To Receive Philippines Digital Banking License
The Union Bank of the Philippines, which is part of a conglomerate led by Aboitiz Equity Ventures, is set to form the fourth digital-only bank in the country, according to a Philstar Global report. The UnionBank’s digital banking application was
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Netbank Partners Three Alternative Lenders to Expand Its Lending Operations
Philippines neobank Netbank has formed partnerships with 3 alternative lenders; Global Mobility Services (GMS), New Cross Credit Gate PH Inc. (Uploan) and Inclusive Financial Technologies, Inc. (Blend PH). This move will allow these lenders to expand their lending without needing
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RCBC’s ATM Go Rolls Out Cardless Withdrawal for Mobile POS Terminals
Rizal Commercial Banking Corporation’s (RCBC) ATM Go has enabled cardless withdrawal for mobile point-of-sale terminals (mPOS) as part of its financial inclusion efforts. Aside from the regular ATM services that requires a card, ATM Go can now process cardless withdrawals
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Netbank Ties up With Indonesia’s Investree of Offer SME Loans to Filipinos
Banking as a service platform Netbank has partnered with Indonesian SME lender Investree to expand loan offerings to SMEs in the Philippines. Investree Philippines aims to address the largely underserved US$200+ billion MSME credit gap in the Philippines by connecting
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The Philippine Stock Exchange Wants To Offer Crypto Trading
The Philippine Stock Exchange (PSE) is awaiting a nod from regulators to start cryptocurrency trading, CNN has reported. PSE President and CEO Ramon Monzon believes that the bourse is ideal for crypto trading owing to its existing trading infrastructure and
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