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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 ....

Bangko Sentral , Kleiner Perkins , Yang Zhang , Xendit Chief Executive Officer , Managing Director , Tiger Global , Support Financial Technology Firm Xendit Vows To Continue Local Micro , Nd Medium Enterprises Msmes And Startups After Raising Additional Capital Xendit Ceo Managing Director Yang Zhang Said They Also Intend To Support Filipinas Who Want Pursue Education In Technology Photo From Manila Financial Firm Bids Further Help Small Businesses The Philippines An Usd300 Million Funding Ina Virtual Briefing On Friday , Endit Chief Executive Officer Ceo And Managing Director For Philippine Operations Yang Zhang Said Their Latest Capital Boost , Hich Came From Several Investors Like Accel , Tiger Global , Nd Kleiner Perkins , Rought To Usd538 Million The Capital They Have Raised So Far She Said Want Continue Supporting Startups And Micro , Nd Medium Enterprises Msmes Just Like How They Got The Same Boosta Few Years Back Quot We Intend To Invest Directly In Startups Want Put Where Our Mouth Is , Uot She Said The Company Started Operations In Indonesia But Zhang They Consider Philippines Their Home , He Support To Domestic Enterprises Zhang Said They Also Want Empower Women By Providing Technological Education , Nd Non Profit Organizations By Providing Subsidies Quot Asa Woman Who Has Spent Her Entire Career In Male Dominated Tech Industries , I Am Deeply Invested In Lowering The Barriers To Entry For Filipino Women Interested Technology Education Has Always Been Fastest Way Level Playing Field , Ndi 39m So Happy That Xendit Will Be Investing Directly Into Making Tech Education And Career Training More Accessible For Filipinas Everywhere , Uot She Said Explained That Optimism In Their Domestic Operations Is Due Part To Growth Opportunities For Digital Transfers And The Strong Policy Support By Government Sector Xendit Has Registereda More Than 10 Percent Monthly Sales Globally Since Its Started 2016 But Been Posting Around 30 Month On Company Tripled Annualized Transactions From 65 Million 200 , Ringing The Total Payment Value To Date Usd15 Billion From Us6 5 She Said Regulators Like Bangko Sentral Ng Pilipinas Are Also Open Innovation , Hich Isa Plus For The Economy Quot From Justa Handful Of Scrappy Multi Taskers , Ur Local Team Has Expanded Continuously As We Serve More And Filipino Businesses Of All Sizes 39 Re So Excited To Funnel Our Funding Back The Philippines Pave Way For Other Startups , Stablish Partnerships With Local Communities , Nd Support Regulators In Their Digitization Goals , Uot She Added Pna ,