Philippines

Parallax removes the friction from cross-border payments

Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A startup called Parallax wants to make the process faster and chea

Philippines startup Shoppable Business smooths bumps in the business procurement process

Shoppable Business wants to make it easier for businesses in the Philippines to source and procure branded products and other inventory, with an emphasis on making sure products are authentic. The B2B

Kaya Founders backs Philippines startups from ‘Day 0’

The Philippines’ startup ecosystem is poised for strong growth, thanks to the country’s rising GDP, fast adoption of online services and a new generation of founders. Launched by tech and investme

Humble keeps excess inventory out of the Philippines’ landfills

Excess inventory, including returned items, from e-commerce, logistics and retail companies often ends up being disposed. Manila-based Humble Sustainability is a circular economy startup that wants to

Dear Sophie: Is there a way to keep working in the US after my J-1 visa expires?

I'm a Fulbright scholar on a J-1 visa. I’ve been told that after my J-1 ends, I’m required to return to my country for two years. Is there a way I can stay in the U.S.?

Online university Nexford will use $8M to plug affordability and relevance gaps in education

U.S.-based online university platform Nexford University has raised $8 million in a Series A round co-led by New Markets Venture Partners and Learn Capital, two prominent edtech venture capital firms

Shipmates makes order fulfillment less tedious for the Philippines’ online sellers

The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion, a 132% increase from 2020, and is expected to reach $26 billion in GMV by 2025. This obviously is good news for

Amazon Prime Video launches localized services for top three markets in Southeast Asia

Amazon Prime Video today launched localized versions of its streaming service in Southeast Asia’s biggest markets — Indonesia, Thailand and The Philippines. The company is attempting to boost its

Gaming vets promise to make blockchain games fun and sustainable

The runaway success of Axie Infinity and StepN has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather t

Japan’s gaming blockchain builder Oasys raises $20M in private token sale

Veterans from the established gaming world are flocking to web3. Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least f

Deliveree is smoothing Southeast Asia’s bumpy logistics landscape

Logistics in much of Southeast Asia is not only complicated, but also expensive. Deliveree wants to solve that problem with a platform that not only lets clients book trucks, but also uses algorithms

In Southeast Asia, a booming crypto scene

Southeast Asia, a diverse region with an expanding population and rising income, is emerging as a popular destination for crypto entrepreneurs and investors hunting down high-growth startups in the sp

‘Move-to-earn’ Solana app StepN is latest crypto gaming craze

Since its launch in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three milli

Southeast Asian payments infrastructure unicorn Xendit banks $300M

Xendit, a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round o

NY AG is investigating Twitch, Discord and 4chan for their role in the Buffalo mass shooting

New York Attorney General Letitia James will launch an investigation into the role that social media and online message boards played in the tragedy that unfolded in Buffalo over the weekend. On Satur

Masa Finance gets $3.5M pre-seed to build its decentralized credit protocol

Masa Finance, a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 million in pre-seed funding. According to a statement, the co

Manila-based MadEats is more than a ghost kitchen startup

MadEats, a Y Combinator alum, claims to be the first “‘full-stack’ delivery-only startup in the Philippines,” with their own virtual storefront, ghost kitchens and fleet of drivers. More than

Tofino Capital reaches first close of $10M fund to back startups in frontier markets

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to a

Ant Group buys Singapore’s 2C2P to further global payments ambitions

Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and o

Egypt’s Pylon gets $19M to scale software for water and electricity distribution companies

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. The round, a combination of debt and equity, was led
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