By Tomas S. Noda III
Masin-AES owns/runs a 630MW coal-fired power plant in Zambales province, Philippines.
The deal consists of 340,000 credit cards and personal loans.
Qwikwire founder and CEO Ray Refundo said the AQwire platform will empower property developers to be able to sell their units to any customer in the world.
The use of bitcoin for remitting money to the Philippines, one of the world’s biggest recipients of cash sent home by its citizens working abroad, has risen dramatically, prompting the central bank to issue guidelines for Virtual Currency exchanges.
The Gokongwei-led firm made the investment to further expand and strengthen its presence in the beauty format and e-commerce space.
Other investors were Tokyo-based VC firm SV-FINTECH Fund, an independent firm from Singapore, and also key figures in Japan’s fintech community.
A rewards and loyalty platform startup, ZAP now plans to make a push into the payments space.
Philab’s investment in SLI is in line with its goal to foray into precision medicine.
China Telecom will have to look for a local partner with an existing franchise and a significant presence in the Philippines.
Cirtek’s dollar-denominated preferred shares chiefly gained demand from retail investors.