 "Philippine start-ups that raised funding in 2015")
The Philippines has an ambitious target for its start-up ecosystem. By 2020, the country aims to have 500 start-ups that have raised total funding of $200 million from investors and raked in a valuation of $2 billion. It’s got a long way to go, but it’s making good progress.
Paynamics
In January, internet payment solutions provider Paynamics raised an undisclosed amount of series A funding from Tokyo-based Beenos, a global internet and e-commerce start-up incubator. Paynamics said it would mainly use the money to get more merchants to sign up.
Salarium
Salarium, an end-to-end payroll system providing time and attendance keeping, payroll and expense processing, and salary disbursement, took home the much-coveted equity investment worth $500,000 from Seedstars World (SSW) in February after winning the global start-up competition. Salarium bested nine other finalists that pitched their business ideas in front of an international and prestigious jury at the SSW event in Geneva, Switzerland.
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Real estate marketplace ZipMatch closed a $2.5 million series A round sometime in March and it’s using the money to develop more products for homebuyers and brokers, and to expand across the Philippines and Southeast Asia. Singapore-based venture capital firm Monk’s Hill Ventures led the round. Existing investor 500 Start-ups participated as well.
Cogito
In April, Cogito received seed funding of an undisclosed sum from Philippine investment firm Kickstart Ventures. The start-up is a software-as-a-service platform that allows businesses to create and automate workflows in minutes, and connect these workflows to cloud services.
