Filipino startup generates P255M
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- 24 Jun 2022
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Pioneering financial technology firm Lista has raised over $5.1 million or P255 million in its most recent funding round.
The company is a fast-growing financial management platform for small business owners and individuals.
The funding round was led by Singapore-based Openspace Ventures, a regional venture capital firm, which was the early backer of GoTo (Gojek) and Kumu Philippines.
Current investors East Ventures, Saison Capital and 1982 Ventures also participated in the round.
Additional new investors include Stephen CuUnjieng (Former chairperson and CEO of Evercore Asia), Aurelien Pichon (Google), Roland Ros (Kumu CEO) and Rexy Dorado (Kumu, president).
Earlier individual backers include Brian Cu (ex-president, Grab Philippines), Willy Arifin (Monde Nissin Family Ventures), Amrish Rau (Pinelabs CEO), Kunal Shah (CRED founder) and Jitendra Gupta (Jupiter Bank CEO).
“We are excited to add Lista to our growing roster of investments across Southeast Asia and in particular the Philippines. We believe their vision and business model have the potential to be a transformative tool for Filipinos, especially as they continue to bounce back from the pandemic,” Gervin Yang, executive director at Openspace, said.
Top capital destination
Investors are recognizing the Philippines as a top location for potential investments.
In 2021, the country’s gross domestic product (GDP) expanded by 5.7 percent and exceeded expectations with its 8.3 percent growth in the first quarter of 2022. Read More…
