Philippines Venture Capital Landscape in 2024
The year 2024 has proven to be a landmark for the venture capital (VC) landscape in the Philippines. Filipino companies successfully raised a record-breaking $1.12 billion, signaling the continued growth and sophistication of the startup ecosystem, as reported by Boston Consulting Group (BCG) and Foxmont Capital Partners.

Fintech remains the frontrunner in attracting venture capital, showcasing its prominence in the Philippines’ investment scene. Utilizing data from reputable sources such as Tech in Asia, we have identified the most active investors engaging with fintech startups over the past year.
Leading Investors in Philippine Fintech
Among the dynamic investors, the International Finance Corporation (IFC) has been pivotal, focusing on fintech and other sectors. As a vital member of the World Bank Group, IFC specializes in providing tailored development solutions. In 2024 alone, they completed three significant investments, emphasizing their commitment to advancing fintech in the Philippines.
Similarly, Founders Launchpad has emerged as a crucial player in nurturing startups, offering investments of up to $100,000. The accelerator has notably backed fintech ventures like Lenderlink and Onelot, expanding its portfolio. This support provides startups with the necessary resources to navigate the complexities of launching and scaling their operations.
Emerging Startups and Opportunities
Kaya Founders, another prominent investor based in Makati, has not only financed various fintech initiatives but also plays an active role in supporting founders from their inception. Their portfolio includes successful startups like Datung.io and Investko, reflecting their mission to leverage technology for impactful solutions across Southeast Asia.
Iterative, a Singapore-based accelerator, has also shown interest in the Philippine market, investing in innovative fintech solutions like Lenderlink. Their flexible support model empowers startups with immediate capital and mentorship, which is essential for navigating the competitive landscape.
The Role of Foxmont Capital Partners
Founded in 2018, Foxmont Capital Partners focuses on early-stage startups with potential for growth. Their extensive expertise and investment strategies allow them to support the development of impactful businesses. While they may not have made recent investments directly in fintech, their existing portfolio includes several fintech companies, solidifying their position as key players in the industry.
Conclusion
The venture capital landscape in the Philippines is flourishing, particularly within the fintech sector. With substantial investments flowing into innovative startups and the commitment of various investors, the future for Filipino entrepreneurs is promising. Continued collaboration among local and international investors will pave the way for greater advancements in the digital economy.
Featured image: Edited by Fintech News Philippines, based on the image by ink via freepik