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PayMongo has announced a partnership with fintech firm Mochi to enhance its billing services. This collaboration aims to streamline payment processes and improve overall customer experience in the financial technology sector.
PayMongo has teamed up with fintech firm Mochi to enhance payment and billing processes for businesses in the Philippines. This partnership integrates Mochi’s billing automation with PayMongo’s payment platform, streamlining financial operations and improving cash flow management as digital payments are projected to surpass US$107 billion by 2025. The collaboration addresses the growing demand for efficient and secure financial tools in the evolving digital economy.
Nestlé S.A., the world's leading food group, reports its sales breakdown by product family: powdered and liquid beverages (26.9%), pet food (20.7%), pharmaceutical and nutrition products (16.6%), prepared dishes and seasonings (11.7%), dairy and ice creams (11.4%), chocolates and cookies (9.2%), and packaged waters (3.5%). Geographically, sales are concentrated in the United States and Canada (35.2%), followed by China (5.9%), Brazil (4.4%), and several European countries, with Switzerland at 1.2% and the UK at 4%.
Kaya Founders, a Philippine venture capital firm, has made three new investments and two follow-on investments in early 2025, despite a challenging funding landscape for startups in Southeast Asia. The new ventures include LenderLink, ProTech, and Foodoo, alongside pre-series A investments in Sourcy and Edge Tutor. The firm focuses on AI-powered B2B platforms, tech-enabled B2C models for the Philippine middle class, and embedded credit solutions for SMEs and consumers, having backed over 50 companies across various sectors.
Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
The Bangko Sentral ng Pilipinas (BSP) is reducing its intervention in the peso market as inflation remains within the 2%-4% target for seven months. The peso has appreciated nearly 1% against the US dollar this month, positioning it as Asia's second-best performing currency, which may allow for a potential rate cut.
In 2024, over 52% of startup deals in the Philippines were fueled by foreign direct investments (FDIs), a significant rise from 36.2% in 2023, according to the Philippine Venture Capital Report 2025. Local investors contributed 23.8%, while mixed deals involved both domestic and international backers. The fintech sector led in attracting investment, with growing interest in direct-to-consumer and cleantech industries, reflecting the expanding middle class's demand in health, energy, and agriculture.
Jollibee Foods Corporation is expanding its coffee and tea business, which includes brands like Compose Coffee and Coffee Bean & Tea Leaf, to strengthen its position in the competitive F&B market in the Philippines. This move may lead to a clash with VC-backed startups like Pickup Coffee and Zus Coffee, which are targeting younger consumers.In other news, Swiggy has launched a new B2B platform, Assure, to provide locally sourced fresh ingredients, while the IndiaAI Mission and the Gates Foundation are collaborating to enhance AI solutions across various sectors.
Indonesia's startup funding plummeted by 66% in 2024, the largest decline among six Southeast Asian nations, with total investments dropping to US$437.8 million and the number of deals falling by 34% to 85. The country's share of regional funding decreased to 9.6%, and for the first time in six years, no new unicorns were created.
Grab's acquisition of Cambodian firm Nham24 highlights the potential of Cambodia's tech market, which has been largely overlooked in Southeast Asia's digital economy. This move signals Grab's intent to dominate a nascent market with low saturation, suggesting significant growth opportunities ahead. As the region evolves, Cambodia may emerge as a key player rather than an afterthought.
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PayMongo collaborates with Mochi to enhance billing solutions
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PayMongo and Mochi partner to enhance billing and payment processes in Philippines
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