Singapore venture accelerator The Co-Foundry has officially established its presence in Manila with an inaugural event at a co-working facility, A Space Manila. The company introduces a host of exciting initiative in the Philippines such as working with its international partners to select promising fintech startups in the Philippines for admission into its fintech acceleration program.
“The Philippines has no doubt, a large consumer base, many of whom are active smartphone users. this makes it a very attractive and critical market for our startups to address if they are looking to establish their foothold in Southeast Asia. Many of the solutions brought by our startups are also extremely relevant and beneficial to Filipinos. We are very excited to work with LaunchGarage to bring these solutions to local users,” said Michael Yap, Head of The Co-Foundry.
The Philippines was chosen as the launching pad for expansion into the region, both for The Co-Foundry as well as the startups it is helping to go to market. As part of The Co-Foundry’s commitment to establishing a presence here, it has already built a team of Filipinos who support The Co-Foundry and its startups with navigating the complexities of the local market, bringing them closer to partners and helping them understand and engage with their customers better.
Five startups looking to extend its reach in the country will be showcasing their innovative offerings at the event. Attendees was presented with a diverse range of startups, from enterprise solutions providers like Taidii and ReadySales, to consumer-driven applications like Matchimi, Nana, and Guuud. One similarity driving the value proposition of these startups would be the emphasis on the “B2B2C” business model, where the platforms deliver solutions that will benefit both businesses and end consumers.
The Co-Foundry’s first foray into the Philippines marks the start of many more exciting initiatives, which will in turn create mutually beneficial developments for both startup ecosystems.