SCI Ecommerce, which counts Lazada and Shopee as clients, assists brands and merchants set up and manage digital stores in Southeast Asia and China.

Cons: Depression and loss of productivity. Pro: Unlocking human potential

Plans include tech investment, digital bank tie-up, coworking spaces, and coffee.

The round brings Tonik’s total funding to USD 44 million. 

Despite a pandemic-induced drop in overseas workers, remittances from Filipinos abroad reached USD 33.2 billion in 2020, nearly unchanged from a year earlier.

Tier One manages 420 gaming and e-sports influencers which it places with corporate clients like Foodpanda, Unilever, Riot Games, and Samsung.

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.