ICCP to invest $2Mn quarterly in PH
Financial consulting firm ICCP SBI Venture Partners (ISVP) is looking to invest up to $2 million quarterly in the Philippines to make the most of the growing demand for innovation and digital tools in the country.
In an interview with The STAR, ISVP Managing Director Miguel Encarnacion said that fintech is “advancing rapidly” in the Philippines.
Encarnacion stated, “as the Philippines embraces digitalization and e-commerce, the efficiency and low costs of fintech solutions have bolstered financial inclusion and paved the way for the growth of other industries.”
When asked about areas the firm is looking to invest in, Encarnacion pointed out that they are interested in logistics, tech, and e-commerce.
“They are very interested in looking for frontier technologies and then we can bring in the local market. We understand the Philippine market,” he said.
With the government’s support and the private sector deploying fintech solutions, ISVP sees these developments as venture capital opportunities and is successfully catching and riding the early wave for both local and regional markets.
ISVP is a joint fund between ICCP Venture Partners and Japanese financial conglomerate SBI Holding.
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