The Philippines is grabbing investor interest but can it deliver? Watch the full video here

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.

As entrepreneurs and investors bet on the rapid rise of the Philippines digital consumer base and the large unbanked population, the SE Asian country’s startup ecosystem is bustling with activity.

“[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.

Navarrete was one of the panelists in the session titled “The Philippines catching investors’ attention but can it deliver?” She was joined by Franco Varona, founding partner of Philippine-focused venture investor Foxmont Capital Partners, and Lawrence Chu, co-founder of fintech firm Oriente.

According to Varona, this is the right time for local startups to gear up their business activity as a slew of regional venture capital firms that are active in other markets such as Indonesia, are scouting for opportunities in emerging Southeast Asian markets.

Echoing the sentiment, Chu added how fintech as a sector is increasingly gaining traction. Oriente is a Hong Kong-based fintech firm co-founded by Chu. The firm’s Cashalo app in the Philippines claims to have has grown its user base to a couple of million customers to become of the country’s top fintech platforms.

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.