Long overlooked, the Philippines starts to catch tech investors’ fancy

Photo by Bash Carlos on Unsplash

The hunt for bargains in Southeast Asian’s red-hot technology arena is finally driving investors to the Philippines.

Galvanized by Alibaba-founder Jack Ma’s investment in payments outfit Mynt, early-stage investors have begun to explore opportunities in one of the region’s fastest-growing economies, which since 2012 has drawn but an iota of Southeast Asian venture capital investment. A youthful population, growing middle class and improving smartphone and broadband penetration is now attracting the intention of tech financiers.

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