Posts Tagged ‘Philippines’

The Philippines Fintech Report 2018

With a population of over 100 million, just 31% of adults having a bank account, and a mobile penetration of 58%, the Philippines is a fertile ground for fintech innovation. Currently, only 4% of all transactions are made online in the Philippines, leaving considerable growth opportunities, according to the latest Philippines Fintech Startup Report. Read more

AsiaKredit’s Philippine fintech pera247.ph raises USD2.5 million to date after recent investment round led by leading global technology investment firm SIG Asia Investments

AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced that it has raised USD2.5 million since its launch in November 2017 after the latest investment from global technology investment firm SIG Asia Investments. Through its pera247 mobile application launched in the Philippines in November last year, AsiaKredit currently provides unsecured small-ticket, short-term consumer loans […]

Philippine SEC Defines Cloud Mining Contracts As Securities

The Securities and Exchange Commission of the Philippines has declared that cryptocurrency cloud mining contracts qualify as securities under the Howey test. In light of this guidance, such contracts must be duly registered before they are offered for sale, and entities selling them must obtain the appropriate license and/or permit to sell securities to the […]