Philippine start-ups that raised funding in 2015

Tech in Asia lists the start-ups in the Philippines that have earned investors' vote of confidence in 2015

The Philippines has an ambitious target for its start-up ecosystem. By 2020, the country aims to have 500 start-ups that have raised total funding of $200 million from investors and raked in a valuation of $2 billion. It’s got a long way to go, but it’s making good progress. 

Paynamics

In January, internet payment solutions provider Paynamics raised an undisclosed amount of series A funding from Tokyo-based Beenos, a global internet and e-commerce start-up incubator. Paynamics said it would mainly use the money to get more merchants to sign up.

Salarium

Salarium, an end-to-end payroll system providing time and attendance keeping, payroll and expense processing, and salary disbursement, took home the much-coveted equity investment worth $500,000 from Seedstars World (SSW) in February after winning the global start-up competition. Salarium bested nine other finalists that pitched their business ideas in front of an international and prestigious jury at the SSW event in Geneva, Switzerland.

ZipMatch

Real estate marketplace ZipMatch closed a $2.5 million series A round sometime in March and it’s using the money to develop more products for homebuyers and brokers, and to expand across the Philippines and Southeast Asia. Singapore­-based venture capital firm Monk’s Hill Ventures led the round. Existing investor 500 Start-ups participated as well.
 

Cogito

In April, Cogito received seed funding of an undisclosed sum from Philippine investment firm Kickstart Ventures. The start-up is a software-as-a-service platform that allows businesses to create and automate workflows in minutes, and connect these workflows to cloud services.

This is an excerpt from Tech in Asia. You can read the full article here.