Did you know that the Philippines' startup week falls between 14 to 18 November? The 2022 theme of Philippines startup week was "Homegrown Heroes: Cultivating Future Tech Giants". As per Statista, the number of startups has increased by 156% i.e, 273 in 2017 to 700 in October 2021. In this queue, many minor to hefty startups in different industries have been recognized, making the Philippines, a leading land of entrepreneurs.
As mentioned in Tracxn, at present, there are a total of 2,439 startups thriving in the Philippines. In this article, we are going to discuss the top 13 Leading startups in the Philippines across every field including tech, real estate, finance, etc. Let's dive in to find out what these top-tier startups of the Philippines are.
|Valuation||$2 billion (November 2021)|
|Industries||Financial Services, FinTech, Micro Lending|
Mynt is a start-up that provides financial services and resources to businesses and individuals. It provides safe money proceedings including cashless transactions and virtual wallets. It has a platform remittance that allows secure receiving and sending of money. You can obtain quick and convenient loans via Mynt.
|Founders||Benoit Portoleau-Balloy, Liam Grealish|
|Industries||Lending, Financial Services, FinTech|
Uploan is now Savii a platform where you can leverage your money for managing day-to-day expenses. Uploan stresses three major issues for its customers including employees' wellness, impact on productivity, and financial insecurity. In the last 5 years, Uploan has won the trust of more than 4,00,000 employees. The programs furnished by Uploan are affordable, reliable, and resourceful.
PDAX (Philippine Digital Asset Exchange)
|Founders||Nichel Gaba, Krystian Kucharzyk|
|Location||Taguig City, Philippines|
The Philippine Digital Asset Exchange (PDAX) is a book and order exchange enterprise which ensures Filipinos fair access to digital assets and top cryptocurrencies. Its headquarters is in Taguig, National Capital Region. PDAX is the first of its kind in the whole Philippines generating competitive prices for traders across the globe. Its specialized areas of services include trading, exchange, digital assets, blockchain, bitcoin, cryptocurrency, and fintech.
|Founders||Roland Ros and Rexy Dorado|
With over 40 years of experience, Kumu has established its roots in the Philippines as one of the most popular social entertainment applications. There are more than 10 million users of the Kumu application along with 60 million live-stream viewers every month.
Kumu also held many Livestream campaigns and it is expanding its legs in the Shopkumu eCommerce and Kumu gaming sector over the past few years. A few top investors which have been a major part of Kumu funding are Endeavour Catalyst Fund, the Gentree Fund, Summit Media, Foxmont Capital Partners, Kickstart Ventures, and the Gobi-Core Philippine fund.
|Founders||Bela Gupta D'Souza|
|Industries||Personal products/ eCommerce|
Edamama is a retailer eCommerce platform popular for selling baby products. The company stresses selling mom and baby products such as diapers and wipes, travel accessories, garden kits, breastfeeding accessories, safety products, and bathing, learning, and grooming products. Its unique diaper subscription offerings make online shopping convenient for parents.
Edukasyon.ph, as its name suggests, is an ed-tech products provider startup that commits to filling up the gap between the digital world and learning, and hence, promoting remote education. It collaborates with different nonprofit organizations, corporations, and schools from time to time to provide access to digital products.
Its whole business profile works on three major sub-products which include- EXPLORE for high school-college enrollment assistance, Tutor for K 12 foundational academic support, and advocacy services which aim to ensure holistic learning.
|Industries||Content creation/ eCommerce|
|Location||Quezon City, Philippines|
Shoppertainment Live is a startup committed to ensuring a brighter future in Livestream and enhanced customer experience. It also has a Shoppertainment Academy where it furnishes courses and insights for successful live streaming. It lets customers interact, connect, engage in real-time, and thus, profiting your digital business as it ensures about 3-300% growth in sales.
Great Deals E-Commerce
|Location||Quezon City, Philippines|
Great Deals is a one-stop solution for eCommerce for retailers and brands. With more than 2 million orders, 20,000 SQM fulfillment spaces, and more than 300 brands residing, Great Deals is one of the leading eCommerce platforms on the air. Its other specialized services include 24/7 customer support, content and production, warehouse and fulfillment, marketplace management, order and inventory systems, digital campaign coordination, logistics, and detailed analytics.
Peddlr has sari-sari stores for small entrepreneurs and micro businesses in South East Asia and the Philippines. It has made bookkeeping convenient by furnishing one click product setup and a POS system. It has a smooth forward user interface and a quick onboarding process. You can access Peddler offline, mobile, with or without credit cards, with the free download, and a convenient signup process.
|Founders||Edwin Lacierda, Francis Plaza, Jaime Hing, Luis Sia|
|Industries||Financial Services, FinTech, Payments|
PayMongo is a payment processing platform that offers a payment API for use in mobile apps and websites. It offers you to collect money from your customers via any social platform like Instagram, SMS, etc by using links. If you run a blog or e-commerce platform you can add PayMongo as a payment collector by using its plugin. Along with payment collection, it also offers an e-wallet and pay-later option on its platform.
|Founders||Ray Edison Refundo|
|Industries||Real Estate, SaaS, Software|
Qwikwire provides billing and invoice solutions to large and medium businesses. Qwikwire also facilitates cross-border payment settlements by using licensed remittance channels. It uses SAP-integrated billing and invoicing systems for its customers. Qwikwire also operates in the real estate business.
|Valuation||$1.4 billion (April 2022)|
|Industries||Developer Platform, Innovation Management, Internet|
Voyager Innovations is a tech provider firm. It mainly works in the creation and distribution of digital services. They have launched many successful ventures in the field of digital services, and Maya Payment System is one among them. Maya works as a crypto exchange, wallet, and digital bank.
Tier One Entertainment
|Founders||Tryke Gutierrez, Alodia|
|Industries||Gaming, eSports, and Entertainment|
|Location||Quezon City, Philippines|
Tier One Entertainment is an eSports, gaming, and entertainment startup in South East Asia. It is formulated to reach begrudged gaming audiences. The company registers professional teams and streamers from all over the globe. It then enables gamers to connect with top brands for revenue generation. According to Pitchbook, the latest deal amount closed by Tier One Entertainment was $7 million.
Hence, this was all about the top 13 leading startups in the Philippines. All of them have expanded their businesses at their peak. It shows that the Philippines is a production hub for startups in recent years. We will be observing these startups touching milestones across the globe in the upcoming years.
How many startups are there in the Philippines in 2022?
According to Traxcn, there were 2461 startups in the Philippines in 2022.
Which country tops in terms of startups?
The USA ranks first for startups, followed by China, and India respectively.
What business makes the fastest money in the Philippines?
In the digitized world, Businesses having an online presence gives them scale for business and that's why they make the fastest money compared to the traditional method in the Philippines.
Which sector is booming in the Philippines?
E-commerce is booming in the Philippines.