Scale Up by Endeavor is now accepting applicants for its latest accelerator programme, while European fintech firm EcoFinance has officially entered the Philippine market.
EcoFinance enters SE Asia through PH launch
European financial technology company EcoFinance has officially entered the Southeast Asian market by launching its operations in the Philippines, according to an announcement.
The company, part of the Dyninno Group, marked its entry into the Philippines by launching Honey Loan, a new consumer brand that provides loans to local borrowers.
EcoFinance said entering the Philippines is a strategic move that adds to the existing presence of the group. Honey Loan, the company added, seeks to provide accessible and transparent financial services to local consumers online.
EcoFinance, launched in 2015, provides access to loans for underserved consumers across Europe and other regions. The company said it has issued more than 480 million euros in loans since its establishment. The firm is part of the Dyninno Group of companies founded in San Francisco.
Scale Up by Endeavor launches accelerator programme
Scale Up by Endeavor has announced that it now accepts applications for its next cohort of early-stage entrepreneurs in the Philippines.
The programme, open to Seed, Pre-A, and Series A startup founders with operations in the Philippines, is supported by Bain & Co. as the official strategy and knowledge partner, per the announcement.
Participants in the Scale Up programme will receive up to $100,000 in cloud credits from Amazon Web Services (AWS), three months of guest membership at The Astbury, and access to Endeavor’s global network of mentors and industry experts.
The previous cohorts included notable Philippine startups such as AI-powered automation platform Expedock; payments firm Nextpay; fintech startup Plentina; agritech firm Mayani; and ghost kitchen firm MadEats; among others.
