The Department of Science and Technology (DOST) and Land Bank of the Philippines have signed a memorandum of understanding (MOU) aimed at expanding financing access for startups, particularly those backed by government innovation programs.
The local business-to-business (B2B) startup company Packworks, a known platform that connects large consumer brands to thousands of micro-retailers or ‘sari-sari store owners’ in the Philippines, announced a successful Series A funding round led by end-to-end logistics provider Fast Group and the private equity and investment advisory firm CVC Capital Partners.
