PH venture builder Incubix Tech partners fintech startup VMoney

Incubix Technologies, the first “venture builder” startup in the Philippines, has partnered with local financial technology (fintech) startup VMoney Inc with the goal of disrupting the e-commerce business.

Incubix Technologies that claims to be a venture builder is different from incubators, accelerators, venture capitalists and angel investors. It hatches business ideas from within its own network of resources and appoints internal teams to complete its development and successful deployment.

With founders originating from New York, Incubix Technologies has partnered with VMoney for online payments.

The size of the deal, however, was not disclosed.

Also read: Philippines’ VMoney eyeing local, overseas deals to expand fintech business

VMoney will serve as an online payment channel for all of Incubix Technologies’ ventures, such as Marino Daily and iKonsulta. The former is a consolidated news site specifically designed to connect Filipino seafarers with current events, while the latter is a soon-to-launch video chat app that allows patients to get in touch with doctors on demand.

“As a venture builder, using web technology to create solutions that will serve niche markets, we are happy to partner with VMoney as the backbone payment gateway because of their technology solutions and excellent support systems. We believe VMoney’s competencies will make the difference in providing a seamless experience both for our operations and our customers,” said John San Pedo, CEO and co-founder of Incubix Technologies.

Also read: PH startups PawnHero, LoanSolutions tie up to enhance lending options

The approach of Incubix Technologies as a venture builder is described to be unconventional yet unique, as it hinges on the philosophy that “start-ups can be conceptualized and built from within the limited resources of a technology studio.”

VMoney, which started at the latter part of 2013, has earned a number of company clients that now use its financial transaction platform focused on payment processing solutions.

VMoney’s clients, partners, and affiliates now include listed Philippine banks, major interbank networks, popular retail brands, and other tech startups.

Also read:

BPO founder invests $100k in PH fintech startup SCI

PH startup TheKard raises $373k in funding, to expand MobKard app

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.