PH startup ecosystem ready to deliver, likely to produce unicorn soon

Mars Mosqueda Jr., Philippine correspondent, DealStreetAsia, in conversation with Franco Varona of Foxmont Capital Partners (upper right), Lawrence Chu of Oriente (lower left), and Minette Navarrete of Kickstart Ventures.

The Philippine startup ecosystem is bustling with activity with entrepreneurs and investors betting big on factors such as the rapid rise of the country’s digital consumer base and the large unbanked population.

“[Philippine] startups are scaling, they’re demonstrating the ability to monetise, to go commercial, and investors, local and global, are taking notice,” said Minette Navarrete, vice-chairman and president of corporate venture capital firm Kickstart Ventures, at DealStreetAsia’s Asia PE-VC Summit 2021.

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