Three PH startups on Forbes Asia '100 to Watch' list | ABS-CBN

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Three PH startups on Forbes Asia '100 to Watch' list

Three PH startups on Forbes Asia '100 to Watch' list

Benise Balaoing,

ABS-CBN News

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MANILA — Three Philippine startups made it to Forbes Asia's '100 to Watch' list this year. 

The list celebrates small companies and startups that have grabbed investors' attention — and their checkbooks.

Lista, an app that lets Filipinos and small businesses track their spending habits and cash flow and alerts them to upcoming bills, was recognized for raising over $5 million in funding.

Forbes also noted that it has been downloaded more than 2.5 million times.

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Mober, which helps businesses make deliveries while minimizing harm to the environment, was also feted for getting $6 million from Singapore-based Clime Capital to expand its fleet and to build a 3,000-square meter electric vehicle charging facility in Pasay City.

Mober's clients include IKEA and Monde Nissin. In 2021, Meralco said unit eSakay Inc partnered with Mober to provide a "sustainable" delivery option in the country.

Zed, the first neobank in the Philippines to offer a credit card, was lauded for raising $6 million in seed funding led by Peter Thiel's Valar Ventures.

Instead of charging interest or annual fees, Zed collects a share of network fees that merchants pay with each purchase.

Forbes said the companies that made it to this year's list have collectively drawn over $2 billion in total investments to date.

It also noted that they all showed a strong innovative streak. 

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