As per HexGn, here are the top Manila startups for 2019 that have outdone the rest among the tech-based companies. Several Manila based tech companies raised substantial funding in the last two years and are expected to shine in 2019 with new developments.?The startup ecosystem in Manila has more than 500 companies in it. Manila?s ecosystem is growing steadily, and the tech sector has a key role to play in it.
Manila was featured among the top global startup ecosystems for the first time this year in Startup Genome’s Global Startup Ecosystem Report. The capital city of the Philippines is steadily growing to become a powerful economic center in the region.
Top Manila Startups to Watch out for in 2019
FindWork is an online recruitment platform that was co-founded by Allen Tan Chee Hoe and Kevin Williams. The Manila-based startup has created the portal exclusively for recruiters and job seekers in the blue-collar and service industries.? In June 2018, the company participated in its first round of funding and raised $2 million seed money from Bernard Chong. This top startup in Manila was founded in 2016 and is one of the youngest startups in the city. FindWork has partnered with TESDA ( Philippines? Technical Vocational Education and Training authority) and fintech company TrueMoney to create a secure place in the industry for its platform.
Jazzypay Inc is the youngest company from our list of top Manila startups for 2019. It was founded by Joshua Marindo in January 2018 and has managed to find a steady footing in the industry before even completing a year. Jazzypay Inc is an online platform that is a one-stop shop for all kinds of payments which includes payments to school, hospitals, and clinic among the others. The Manila based startup is an alumnus of the Rakuten Accelerator program and is poised to grow tremendously in the coming year. Jazzypay Inc completed its Pre-Seed round this year $120,000 from its accelerator organization.
Manila based startup Edukasyon is among the few edtech startups in the city that have participated in funding activities in the last two years. It raised an undisclosed amount in its Pre-Series A round in May 2018 from KSR Ventures and French Partners. This top startup in Manila is a higher education marketplace that offers a host of edtech services ranging from information about scholarships to an online application service. The company was founded in late 2015 by Anthony de Guzman and Henry Motte-Mu?oz in order to make higher education and educational resources more accessible. The company plans to fuel its expansion plans with the money raised in the seed round.
The next company on our list of top Manila startups for 2019 is Kaleidoscope Iot, which has completed one round of funding since its inception. While the details of investors and investments made are yet to be disclosed, the amount is estimated to be one of the highest received this year in the IoT segment. The Manila based startup is the brainchild of David N. who set up this company in 2017. Kaleidoscope IoT is an AI-driven IoT platform offering cloud-based tech solutions and insights for helping each unit in an enterprise run smoothly and take timely actions.
PawnHero is a pioneer online pawn platform in Southeast Asia which was established in 2014 by founder David Margendorff. The Manila based startup completed the second round of funding in August 2017 raising $9.7 million in venture capital. This the second round of funding for this top startup in Manila that also entered into a partnership the fintech subsidiary of PLDT in the same year. PawnHero has become a leading fintech company that is catering to the many unbanked communities in the Philippines. The company is one of the top Manila startups for 2019 and is backed by prominent investors like IMJ Investment Partners and Softbank.
Venteny Inc is another innovative tech company among the top Manila startups for 2019. The company came into being in 2015 and was co-founded by Junichiro Waide and Macky Katigbak. It offers HR Tech and fintech solutions for enterprises to ensure that employees are happy and stay motivated. The Manila based startup completed the Series A round of funding in December 2017 raising $2.3 million from lead investor SBI Investment. Other investors featured in this round include SV-Fintech Fund, KK Fund, Maoru Taniya, and Makoto Takano. The company today has a growing list of over 300 companies that use Venteny Inc?s services.
Manila based startup Philippine Digital Asset Exchange is a leading digital currency exchange in the region. It is a relatively young company among the top Manila startups for 2019 and has raised $1.1 million of total funding.? This amount was raised from the single funding round the company has participated in since its inception.? Philippine Digital Asset Exchange was founded in 2017 by Krystian Kucharzyk. The Manila based startup aims to make digital currency like blockchain a commonly traded currency in the region at affordable rates.
Manila is a startup economy still in its infancy with a lot of untapped startup potential. The local government is constantly trying to build all the necessary framework for startups to thrive to make the economy more attractive to international investors and entrepreneurs.
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