Tagged: Philippines

P2P Platform Robo.cash Adds First Southeast Asian Lender

Robo.cash, a peer to peer lending company with a portfolio of platforms, says it has been joined by its first lending company in Southeast Asia Robocash Finance Corp. Investors may now fund Philippine short-term consumer loans in EUR with an annual return of up to… Read More

First Circle, a Philippine-based Fintech, Preps to Launch New SME Targeted Credit Facility with Support of Government

First Circle, a Philippine Fintech, is expected to announce a new credit facility for SMEs nationwide. This new facility has gained the support of the Philippine Department of Trade and Industry (DTI) and the Bangko Sentral ng Pilipinas (BSP). First Circle is an online lender… Read More

Philippine SEC Official Says Rules to Govern Crypto Exchanges Expected This Week

New York Stock Exchange 1939

Philippine SEC Commissioner Ephyro Luis Amatong has stated that regulators expect to release draft rules governing cryptocurrency exchanges by the end of this week, Manila Times reports. “We see the need to regulate them as trading platforms,” he said. As part of the rule-determination process,… Read More

Rural Philippine Banks Testing Ethereum Payments System

In many parts of the Philippines, you’re more likely to encounter a remittance house like Western Union than a bank branch. Cash arrives from abroad, but the access to business loans and mortgages needed to build a self-sustaining economic base are hard to come by…. Read More

Philippines SEC Issues Cease & Desist for KROPS ICO: “The World’s First Agriculture Marketplace Crypto Equity ICO”

The KROPS Initial Coin Offering has received a Cease & Desist (C&D) from the Philippines Securities and Exchange Commission. The C&D, embedded below, demands the immediate halt to the sale of KROPS Tokens or KropCoins. The SEC states the company has not filed the necessary… Read More

Hero Plans Initial Coin Offering: Financial Return & Social Impact with Affordable & Available Access to Credit

The Future of Banking is Blockchain and Hero Wants to be the One Hero, part of the PawnHero online lending platform, is preparing an Initial Coin Offering (ICO). You may read the white paper in English here.  PawnHero is an already successful secured lending platform… Read More

SE Asia Blockchain Mobile Payments Platform Coins Raises $5 Million from Naspers

Coins, a Philippines-based blockchain mobile payments platform that services Southeast Asia, announced it had secured US $5 million in funding from Naspers, according to an article on Techcrunch. Naspers, which is based in South Africa, is one of the world’s largest investors in tech. The… Read More

Seedstars Awards Fintech Acudeen with $500,000 Grand Prize

The Fintech firm Acudeen Technologies has beat out its fourteen other competitors at the Seedstars World 2017 pitch competition and came home with the $500,000 grand prize. The Philippines based company wowed the judges with their new approach for assisting startups in their acquisition of… Read More

Peppermint Innovation Provides Services for Unbanked Filipinos

Peppermint Innovation is a Fintech firm focused on the commercialisation of a mobile banking, payments and remittance technology, designed for banks and other institutions. The company’s vision is to provide mobile payments, money services, and remittances to anyone and to anywhere in the world. Founded… Read More

Philippines: Central Bank Will Regulate Bitcoin, Virtual Currencies

The central bank in the Philippines laid down regulations last week for virtual currencies, including bitcoin. Bangko Sentral ng Pilipinas (BSP) was prompted by the surge in the number of money transfers across borders.  More specifically, the financial body is looking to mitigate risks, such as… Read More

Remittance Service Platforms in Singapore Aim to Lower Costs & Increase Access

Economic migrants rely on remittances to ensure that their families are well off at home and to maintain ties to their home countries.  Fees imposed by big banks and traditional remittance institutions eat into foreign workers’ hard-earned incomes, however, so startups focused on money transfers… Read More

SME Lender First Circle Receives $1.2 Million Seed Round to Launch in Philippines

Irish born but Asia based, First Circle has received $1.2 million in seed funding led by Key Capital and IMJ Investment Partners.  The online lender is targeting SME in the Philippines first but plans on expanding across Southeast Asia. Speaking with Businessworld.ie, Patrick Lynch, the… Read More

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

ENDVEST Rolls Out New & Improved Real Estate Crowdfunding Platform

Last month ENDVEST, a global real estate crowdfunding platform, launched its highly anticipated and improved platform ENDVEST 2.0. According to CTO of ENDVEST, David Boyajian, the new website was “built with the investor experience in mind every step of the way.” He claimed that the… Read More

CoAssets’ Singapore Domiciled Crowdfunding Deal “Mountbatten Lights” Successfully Raises S$500,000

Australian listed crowdfunding platform CoAssets Limited (“CoAssets” or the “Company”) (NSX code: CAX), confirmed on Monday that it has successfully crowdfunded the platform’s first Singapore-based real estate project.  Launched on July 1st, Mountbatten Lights, a boutique cluster bungalow development, managed to raise S$500,000 from more than… Read More

On Indiegogo: 99designs Crowdfunds For Typhoon Haiyan, Will Match Funds Up To $25K

99designs is a San Francisco-based crowdsourcing web site for graphic and web design work. The site boasts a community of over 250,000 participating designers. Many of these participating designers are based in the Philippines, which was just ravaged by Typhoon Haiyan. Now the team at… Read More

The Spark Project: Crowdfunding in the Philippines Lets Many Hands Make Light Work

If two is company, and three’s a crowd, does seven make it crowdfunding? The seven-man team at The Spark Project would like to make it so. Though the idea of bringing the technology of crowdfunding to the Philippines has been around for a while, it was only last… Read More

Guingona bill allows public to comment on pending measures online

MANILA, Philippines – Sen. Teofisto Guingona III has filed a bill that would allow the public to comment on pending measures through email or the internet. Guingona said that Senate Bill 3300, to be called The Crowdsourcing Act of 2012,” proposes to allow the public… Read More

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