Philippines

Philippines government data: online gambling revenue in the country overtook traditional casinos in H1 2025, generating ~$2B, or 53%+ of the industry's total

Ramon Royandoyan / Nikkei Asia :

Alibaba plans $7B in delivery and shopping subsidies over the next year, opens a Singapore AI hub, and is opening data centers in Malaysia and the Philippines

Tracy Qu / Wall Street Journal :

Digital bank Tyme Group, which operates in South Africa and the Philippines, raised a $250M Series D led by Brazilian digital bank Nubank at a $1.5B valuation

Bloomberg :

Mynt, the parent company of Philippines-based e-wallet GCash, more than doubled its valuation to $5B after investments from Ayala and Mitsubishi UFJ Financial

Rishav Chatterjee / Reuters :

Pomelo, an international money transfer service that lets US senders offer credit cards to recipients in the Philippines, emerges from stealth with a $20M seed

The first financial technology platform to combine consumer credit and remittance transfer FinSMEs : Pomelo Raises $70M in Funding Tweets: Charlize Alcaraz / @charlizealcaraz : Filipino FinTech startu...

Voyager Innovations, owner of popular Filipino financial app PayMaya and neobank Maya Bank, raises $210M led by SIG Venture Capital at a $1.4B valuation

Voyager Innovations, the owner of Philippines' payment and financial services app PayMaya and neobank Maya Bank, announced today …

Philippines-based PayMongo, which enables merchants to accept digital payments, raises a $31M Series B, following a $12M Series A in 2020 led by Stripe

Catherine Shu / TechCrunch :

Singapore-based Tonik Financial, a fintech startup that operates Tonik Digital Bank in the Philippines, raises a $131M Series B led by Mizuho Bank

Benjamin Cher / The Business Times :

Globe Telecom's Mynt, which operates mobile wallet app GCash, becomes the first tech unicorn in the Philippines after raising over $300M at a $2B+ valuation

the fintech backed by Alibaba's Ant Group BUT Mynt is really a corporate play since it span out of Globe Telecom Still, progress for a country that has lagged its peers with startup creation and inves...

Pakistan outlines plans to double its IT industry in two years using new tech zones, after missing out on tech booms that lifted India and the Philippines