Following in the footsteps of global tech hubs Singapore and Hong Kong, the Philippines is slowly fostering a tech startup ecosystem to facilitate the market-entry and participation of new entrants to its economic marketplace. The obvious advantages of a huge consumer base, high mobile penetration, and enormous potential for digitization in untapped resources – along with a large, English-speaking population and cost-effective technical, marketing, and back-office support – make the country an ideal test market for startup companies looking to develop their business models in an economy with a digital infrastructure that is still in its infancy.
Newcomers to the country’s market are harnessing the idea of originality and elements of unfamiliarity to disrupt and reform traditional methods of doing business in the Philippines. They are striving to be something new in the market to revolutionize the way businesses interact with their customers and expand consumer reach to include parts of the population that have little or no previous access to many types of services. More and more entrepreneurs are now launching their tech startup companies in the country – enlarging its digital technology space and nurturing its tech startup ecosystem.
Below are the top ten Philippine-based tech startup companies that remarkably changed the rules of the game by using digital technology to scale their business, reach new audiences, influence customer preference, and push major industry players to reinvent their brands and play catch-up. These companies belong to diverse industries but stand out in the startup community with their originality and potential to transform market dynamics – with services ranging from digital bitcoin exchange to on-demand personal healthcare delivery, digital platform to unify pharmacies around the world, online grocery delivery, and other tech-enabled services.
Zennya has a personalized mobile-first digital health network that connects customers to a broad range of healthcare and online AI-backed diagnostic services. Its app-booking process utilizes a built-in telematics and geologistics system similar to Uber – which the company uses to help their service providers request a zennya mobile or bike to get to a customer’s doorsteps within the estimated arrival time displayed on their mobile app.
The company invests heavily in AI technology to ensure their automated process workflows are backed by reliable data and accurate medical diagnosis – an investment that garnered a huge amount of praise and inspiration from the tech startup community. It is set to expand to Singapore, Hong Kong, Bangkok, and other parts of Asia in the next few years following its successful business venture in the Philippines.
Ayannah is a Philippine-based fintech startup company that offers digital remittances, electronic payments, and business solutions through three digital platforms: Sendah, Sendah Direct, and Sendah Remit.
It aims to help NGOs, social enterprises, governments, and businesses use mobile phones to connect with people from rural communities and send key information and collect valuable data that are not easily accessible through common modes of communication.
Launched in 2012 by Ravi Agarwal and Avner Mizrahi, this tech startup company is currently based in Cebu City in the Philippines and has been used in over 100 countries by multinational organizations such as United Nations, Mercy Corps, International Rescue Committee, Asian Development Bank, and Intel Corp.
Its online platform has a college application service and a comprehensive database of 14,000+ colleges, 80,000+ courses, and 4,000+ scholarships from local and foreign institutions.
It offers an online career guidance that aids students on the career pathways they can take in reaching their academic goals. Launched in 2016 in the Philippines by Harvard graduate Henry Motte Muñoz, Edukasyon.ph is currently the leading edtech platform widely used in the country, with over a million monthly users, 400 partner colleges, and 60,000 inquiries and applications.