Top startups in Philippines
There are 16,297 startups in Philippines which include PDAX, Salmon, GCash, etaily, Maya. Out of these, 1,101 startups are funded, with 77 having secured Series A+ funding, and 3 achieving unicorn status. Telecom Operators ($5.98B) and Banks ($3.5B) are the top-funded sectors in Philippines, with over 242 companies, including Globe Telecom and BPI. Makati (157), Manila (105), and Taguig (65) are the top cities by number of startups hosted. In the last five years, 153 companies raised over $7.08B in funding across 233 rounds. Voyager Innovations is the latest startup to join the Unicorn Club from Philippines. The number of companies founded have declined by 56.6%, from 320 companies in 2024 to 139 companies in 2025.
Here is the list of top startups in Philippines
1. PDAX
PDAX is an online exchange platform for cryptocurrencies. Allows users to buy, sell, and manage cryptocurrencies and utility tokens. Supports Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
Key facts about PDAX
- Founded Year: 2017
- Location: Makati (Philippines)
- Stage: Series B
- Total Funding till date: $62.5M
- Investors: Tiger Global Management, BitMEX and 13 Others
- Latest Funding Round: Series B, Feb 10, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 8 of 5,242 Competitors
2. Salmon
Key facts about Salmon
- Founded Year: 2022
- Location: Taguig (Philippines)
- Stage: Series B
- Total Funding till date: $143M
- Investors: Spice, IFC and 10 Others
- Latest Funding Round: Series B, Apr 20, 2026, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 21 Competitors
3. GCash
Provider of a platform for financial transactions and related services. The platform facilitates sending and receiving money, bill payments, and online shopping. It also provides access to services such as loans, investments, and insurance. The platform aims to offer users a range of options for managing their finances.
Key facts about GCash
- Founded Year: 2015
- Location: Taguig (Philippines)
- Stage: Series D
- Total Funding till date: $175M
- Investors: Bow Wave Capital Management, Insight Partners and 2 Others
- Latest Funding Round: Series D, Jan 08, 2021, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 7 of 2,398 Competitors
4. etaily
Provider of software suite solutions for e-commerce businesses. The company provides brands with omnichannel e-commerce solutions. Its offerings include content management, store design and development, warehousing, fulfillment management, back-end management, customer data analytics, expansion analytics, and more.
Key facts about etaily
- Founded Year: 2020
- Location: Metro Manila (Philippines)
- Stage: Series A
- Total Funding till date: $24M
- Investors: SKS Capital, Ayala and 17 Others
- Latest Funding Round: Series A, Dec 04, 2025, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 10 of 2,330 Competitors
5. Maya
Online platform offering wallet, digital bank, crypto exchange, and more. The platform offers a mobile-based application that offers multiple crypto services including crypto exchange, crypto banking, gaming ecosystem, payment gateway solutions, cards, and more. The app can be downloaded on both Android and iOS devices.
Key facts about Maya
- Founded Year: 2013
- Location: Mandaluyong (Philippines)
- Stage: Series C
- Total Funding till date: $80M
- Investors: IFC Asset Management Company and SIG Venture Capital
- Latest Funding Round: Series C, Jan 04, 2024, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 9 of 102 Competitors
