Atome, a subsidiary of Singaporean tech company Advance Intelligence Group, recently reported that the average ‘basket size’ of Filipinos who avail of its Buy Now Pay Later (BNPL) financial service has increased by 30%, driven by recurring traffic from its existing user base and an omnichannel approach to both offline and online retail.
Bambuhay founder Mark Sultan Gervasa started his company with a mere capital of P10,000 and recouped his investment on a massive scale with its current sales revenue of P26 million.
Experiencing the same penetration rate in the Philippines as it did in 2020, instant messaging platform Rakuten Viber has seen local transactional business messages soaring to 603% and chatbots expanding by 34%.
Enstack, a Filipino-developed app that enables SMEs to sell online and offline, said that as the demand for hybrid online-offline shopping experiences increases, small businesses need to create a hybrid retail setup.
Seeing tremendous growth in the Philippines, Igloo will be allocating a portion of the funding to deploy more insurance solutions and increase coverage across the country.
As demand for e-commerce and prime delivery standards continues to advance in Southeast Asia, cloud-based logistics solutions provider Locad announced plans to feed $11 million it raised from its Series A round to build the region’s largest fulfillment network dedicated for the e-commerce supply chain.
Transak and Unstoppable Domains will seamlessly integrate within the Pitaka, the digital wallet developed by Filipino-led web3 firm Tetrix, providing customers with a simple and convenient way to buy crypto.
The 2023 program will focus on developing solutions in the following areas: Web 3.0, global money movement, embedded finance, merchant and small business enablers, and open banking solutions.
