Tonik has onboarded 30,000 clients and achieved a positive balance sheet of over USD 20 million within a month of operation.

Companies like SeedIn, Asia’s leading P2B crowdfunding platform, are helping local MSMEs with short-term financing.

Unfazed by the competition, Bhasin said the company’s auto sector is the most-visited auto classifieds platform in the region.

Malaysia has been the most impacted with over 11 million being exposed, followed by Singapore with 3 million, and 879,699 users in the Philippines.

The Philippine Stock Exchange and local financial firms are adapting to a new crop of market participants.

Mynt manages GCash, Philippines’ largest mobile wallet and payment service with over 33 million users.

Dito Telecommunity kicks off mobile operations in provinces of Davao and Cebu.

Preliminary investigations into the data breach suggest that it was a malicious cyber attack on the company.