Startup Digest: Qwikwire wins Ignite PH; Seedstars picks eight finalists

In two separate developments in the Philippine startup space, fintech company Qwikwire has won the Ignite PH competition, while eight local startups have been selected to compete for the Seedstars Manila 2017.

Qwikwire wins Ignite PH

Fintech startup Qwikwire, a cross-border billing and invoicing platform for enterprises in the Philippines, has won the Ignite PH pitch competition, beating nine other local startup finalists.

More than 100 startups applied for the contest that had 20 pre-finalists and 10 finalists. The panel of judges include venture capital firms 500 Startups, Spiral Ventures (formerly IMJ Investment Partners), CyberAgent Ventures, Kickstart Ventures Inc, and Fenox Venture Capital. Other judges were from Dentsu X Philippines, and GNB Accelerator.

Ignite PH is the first innovation conference by startup media company TechShake in collaboration with Dentsu X, and Japan-based Industrial Growth Platform Inc (IGPI).

Qwikwire was awarded a cash prize of $5,000 (P252,000). The startup was founded in October 2013 by Ray Refundo, who presented the company’s abilities in empowering real estate developers, banks, BPOs, and billing services with its customized payments processing solutions.

The nine other startup finalists were Cropital, Fetch, OneWatt, Regalado, Seiza Digital, Senti, Serve Happy, Stash, and uHoo.

Qwikwire had previously been crowned the Fintech Startup of the Year at the Rice Bowl ASEAN Startup Awards held in Kuala Lumpur in November 2015.

Seedstars picks top 8 for Manila finals

Global seed-stage startup competition for emerging markets Seedstars World has chosen its top eight local startups in Manila that will compete to represent the country at the global summit in Switzerland in April 2018.

The teams are scheduled to pitch in front of a jury of investors and successful entrepreneurs on July 8 and will compete to be crowned the most promising seed-stage startup of Seedstars Manila 2017.

The winner will participate at the Seedstars Asia Regional Summit and attend a three-day bootcamp with international mentors and investors in Switzerland. The team also stands a chance to win up to $1 million in equity investment at the annual Seedstars Summit.

The competing teams are Cropital, BeamAndGo, Fetch, ServeHappy Jobs, Harayalabs, Stash RetailGate, and Senti.

Two Philippine-based startups Salarium and Acudeen Technologies became Seedstars Global Winners in 2015 and 2017, respectively, each winning $500,000 worth of investments. Salarium is engaged in payroll and HR software, while Acudeen is into receivable financing among SMEs.

Founded in March 2016, Acudeen last month has closed a $6 million financing deal with Rizal Microbank, a unit of local listed commercial bank RCBC.

Also Read:

Philippines’ fintech startup Acudeen wins Seedstars World 2017, bags $500k

PH startup Salarium wins $500k Seedstars prize

Japan’s Leave a Nest concludes first Tech Planter startup contest in Philippines

Asia Digest: Cradle leads $300k funding in MyCash; IdeaSpace awards top 12 teams

Philippines: 500 Startups-backed Acudeen bags $6m fintech financing deal

PH firms Century Properties, Revolution Precrafted ink JV with Indonesia’s Bakrie

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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.