Four Philippine startups land in Forbes Asia’s ‘100 to Watch’ list

Four small companies and startups based in the Philippines made it into Forbes Asia’s “100 to Watch” list:

ChatGenie, an e-commerce platform that began supporting local businesses online in February 2020. Their mini app platform is a sales channel that provides an automated ordering process and checkout experience via social media and messaging apps that are also integrated with mobile wallets and delivery services.
CloudEats, a cloud kitchen company that launched in June 2019, that provides quick, affordable, and high-quality meals on-demand to numerous brands. Affiliated with various delivery services, CloudEats’ kitchens are located in non-retail, cost-efficient spaces with operations and layouts that are designed specifically for food delivery.
Kalibrr, a job-matching platform founded in 2013 that connects jobseekers seeking career opportunities with companies and startups of different sizes from various industries looking to hire talent. The company raised $7.5 million from Omidyar Network, Wavemaker, and Kickstart Ventures. It was the first Filipino company to be accepted by startup accelerator Y Combinator.
PayMongo, a financial technology company launched in June 2019, that allows businesses in the Philippines to receive online payments easily, whether by online banking, mobile wallet, or other alternatives. This is done through their payment platform that can be integrated with the online business’s website and social media. PayMongo is backed by Y Combinator.

“Companies on the 100 to Watch list are making remarkable progress and impact in spite of the challenging climate brought on by the COVID-19 [coronavirus disease 2019] pandemic. Their inclusion on the list comes in part from addressing significant problems with innovative solutions,” said Justin Doebele, editor of Forbes Asia, in a statement on Tuesday.

The list includes private-owned, for-profit companies from various industries like biotechnology and healthcare, e-commerce and retail, food and hospitality, and education and recruitment.

The 900 submissions were evaluated by their impact on the region or industry, track records of revenue growth or ability to attract funding, business models or markets, and the persuasiveness of their stories.

Of the 17 Asia-Pacific countries and territories in the list, India and Singapore had the “liveliest startup communities” with 22 and 19 companies, respectively. The Philippines tied with China with four. — Bronte H. Lacsamana

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