MANILA — Three Philippine startups made it to Forbes Asia's '100 to Watch' list this year. The list celebrates small companies and startups that have grabbed investors' attention — and their checkbooks.
Lista, an app that lets Filipinos and small businesses track their spending habits and cash flow and alerts them to upcoming bills, was recognized for raising over $5 million in funding.Forbes also noted that it has been downloaded more than 2.5 million times.
Mober, which helps businesses make deliveries while minimizing harm to the environment, was also feted for getting $6 million from Singapore-based Clime Capital to expand its fleet and to build a 3,000-square meter electric vehicle charging facility in Pasay City.Mober's clients include IKEA and Monde Nissin. In 2021, Meralco said unit eSakay Inc partnered with Mober to provide a "sustainable" delivery option in the country.
Zed, the first neobank in the Philippines to offer a credit card, was lauded for raising $6 million in seed funding led by Peter Thiel's Valar Ventures.Instead of charging interest or annual fees, Zed collects a share of network fees that merchants pay with each purchase.Forbes said the companies that made it to this year's list have collectively drawn over $2 billion in total investments to date.It also noted that they all showed a strong innovative streak.
Article by ABS-CBN News, August 27, 2024
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