News » Manila one of the top cities for fintech startups

Manila one of the top cities for fintech startups

Manila one of the top cities for fintech startups
Manila one of the top cities for fintech startups

Manila has been hailed as one of the top friendly cities in the world for financial technology (fintech) startups, said a global research firm. The capital is in the Top 10 Global Ecosystems of 2019 list in Startup Genome’s yearly Global Startup Ecosystem Report. It is also in the top five destinations in the “activation phase” or those which are developing, which include Taipei in Taiwan, Busan in South Korea, Calgary in Canada, and Frankfurt in Germany. The report found that investors choose Manila for their startup operations due to its well-established outsourcing industries and strong English language skills. Fintech firms account for 15% of Manila’s startups. The fintech sector in the country is predicted to grow to USD10.5bn by 2022 from about USD5.7bn in 2018. Manila also got the “Bang for Buck” badge, as fintech firms report getting more value for their initial funding, and the “Connectedness” badge for its ties to the global startup ecosystem and for the local sense of community.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.