The Philippines’ crypto startups that went under the radar

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Hello there

I’m ashamed to admit that I rarely watch even the greatest Hollywood movies unless I think it might help with work.

But I had to give Rocky a shot because its underdog tale of determination and grit inspires people from all walks of life, even today.

The story of the Philippines’ crypto firms, which had been overlooked by the country’s startup ecosystem, is not that different.

Just as Rocky rose as an unlikely contender to the mighty Apollo Creed through unconventional training, crypto startups in the Philippines do not fit into conservative investment mandates but have secured sizable funding rounds.

These startups have done so by adopting tech amid the Covid-19 pandemic. They have also used their knowledge of the crypto space to get ahead of the curve.

I hope this story gives you a chance to take a look at some of the country’s startups that have flown under the radar, because every champion was once a contender who refused to give up.

-- Deepti
 
 

THE BIG STORY

The Philippines: Asia’s next crypto hub?
From big venture capital deals to increasing crypto ownership, the Philippines is fast becoming a hub for crypto startups. Here’s why.
 
 

ORIGINALS VIDEO


Is Vietnam the next startup hotspot after Indonesia?

In episode 1 of Startup Frontiers: Vietnam, we look at the unique talent and capabilities that are driving Vietnam’s startup ecosystem and how these aspects will affect the community’s growth in the near future. Watch now.



 

TRENDING NEWS

SPH to sell SgCarMart for $118m to Toyota consortium
Toyotsu Binter is one of the firms in the consortium looking to buy SgCarMart, Business Times reported, citing sources.
Indonesians glued to phones for a third of waking hours in 2021, report finds
Data.ai estimates that Indonesians spent an average of 5.4 hours a day on their mobile devices, taking the top spot beside Brazil.
Indonesian agritech startup closes 2 warehouses, lays off employees
TaniHub has decided to focus on its B2B segment, Katadata reported.
Shopee to shut shop in France
The app’s localized platform in France stated that all services, including after-sales services, will continue for all orders paid until March 6.
TikTok Shop enters Thailand, Vietnam, Malaysia
TikTok is currently hiring locally in Thailand, Vietnam, and Malaysia, reported Pandaily.
YGG SEA enters Vietnam, plans more offices in region
The subDAO has already set up operations in Malaysia, Thailand, and Indonesia.


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    This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.
    Limited seats available. RSVP now!
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.
  • Unlocking the possibilities of the digital credit ecosystem on March 16th
    Digitalization is in full swing and consumers are now used to having most aspects of their lives play out online. This also means that their expectations of financial institutions and players are now higher than ever - can businesses keep up?
    Join us on March 16 for a panel discussion led by global information technology company Experian to better understand how real time credit assessment, alternative sources of credit data, and AI/ML powered automation can enable a seamless customer experience and new credit opportunities in today’s digital credit ecosystem.
    Click here to reserve your place.



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