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Fintech bids support for PH startups, MSMEs

SUPPORT. Financial technology firm Xendit vows to continue to support local micro, small, and medium enterprises (MSMEs) and startups after raising additional capital. Xendit CEO and Managing Director Yang Yang Zhang said they also intend to support Filipinas who want to pursue education in technology. (Photo from Xendit) MANILA - Financial technology firm Xendit bids to further help small businesses and startups in the Philippines after raising an additional USD300-million funding. In a virtual briefing on Friday, Xendit Chief Executive Officer (CEO) and Managing Director for Philippine operations Yang Yang Zhang said their latest capital boost, which came from several investors like Accel, Tiger Global, and Kleiner Perkins, brought to USD538 million the capital they have raised so far. She said they want to continue supporting startups and micro, small, and medium enterprises (MSMEs) just like how they got the same boost a few years back. "(We intend to) invest directly in start

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