CashCashPinoy cleared of fake goods sale charge


Philippine-based mobile e-commerce company CashCashPinoy has been cleared of the charges related to the sale of fake luxury goods. A local court, ruled in the company’s favour dismissed the claim as a “fraudulent” issue. CashCashPinoy also denied reports regarding suspension of their online transactions by business partners Banco De Oro… Read more »

Philippines startup scene poised to take off: John Orrock

For the past several years, the tech industry in the Philippines has been considered a lucrative investment opportunity by the global investors. In fact, the local entrepreneurs are described to be “techie” in nature. The strange irony here is that, on the ground level, the country has very low levels of tech… Read more »

EastWest, PEMI launch feeder fund

Philippines-based EastWest Bank has joined hands with the investment management company Philequity Management Incorporated (PEMI), to launch the EastWest Philequity Feeder Fund. The investment product is a is a peso-denominated unit investment trust fund (UITF) that invests 90% to 100% of its assets in Philequity Fund Incorporated (managed and distributed… Read more »

PH set for smartphone explosion in 2015

Next year, Philippines is expected to witness an explosion of premier smartphone users, says the country-based telecom operator Smart Communications (Smart) The smartphone user penetration, which stands at 15% of the population, is expected to go up to 50% in 2015, the company added, citing a study by On Device Research. Smart has already… Read more »

CashCashPinoy raises $2m from Hera Capital

CashCashPinoy, a mobile e-commerce platform in the Philippines today said it secured a $2 million investment in a Series B round from Singapore-based private equity firm Hera Capital. Frederic Levy, Founder and CEO of the daily deals site said the funding and the expertise from Hera Capital would facilitate business… Read more » plans iOS Bitcoin wallet app

Philippine-based Bitcoin exchange is planning to launch an iOS version of its mobile wallet app, designed specifically for Filipinos. The iOS version (just like the recently launched Android version) will allow users to shop online, and send cash anywhere in the Philippines. Christine Aguilar from the marketing team said… Read more »

PH to get its first ever tech startup roadmap

Heeding the call of technology entrepreneurs, the Philippine government is creating the first ever tech startup roadmap that will help boost the local technopreneurship industry. According to Department of Science and Technology (DOST) secretary Mario Montejo, the department’s ICT Office is leading the tech roadmap’s creation as part of its… Read more »

Phillippines is Endeavor Global’s new affiliate

US-based non-profit organisation Endeavor Global has added Philippines in its list of affiliates on Thursday, in a startup community event held at the Ayala Museum, in the financial district of Makati City. The event – MNL Now – was conducted by local startup incubator Kickstart Ventures and inaugurated by Endeavor… Read more »

$132m investment finalised in BIMP-EAGA & IMT-GT event

A total estimated investment of $132 million was finalised during the recently concluded five-day international trade fair and business conference in Davao City in the Philippines. Some of these big ticket investments sealed at the 2nd BIMP-EAGA and IMT-GT Trade Fair and Business Leaders’ Conference included proposed deals to set… Read more »

PCE to launch new enterprise program for students

The advocacy group Go Negosyo of the Philippine Center for Entrepreneurship (PCE) is launching an enterprise program for students. The one year programme is expected to help shape them into the next generation of changemakers, nation-builders and catalysts for inclusive growth, said Go Negosyo’s founding trustee Joey Concepcion. To be… Read more »