According to a survey on cryptocurrency in the Philippines as of May 2023, 51 percent of the respondents stated that they invest in this type of digital asset due to a high return on investment. Among the popular cryptocurrencies in the country include Bitcoin, Ethereum, and Binance USD.

The assets under management (AUM) value of digital wealth in the Philippines reached one billion U.S. dollars in 2023. This was forecast to reach 30 billion U.S. dollars in 2030. AUM refers to the total market value of investments managed on behalf of investors.

Concerning the three selected segments, the segment Digital Commerce has the largest transaction value with 32.56 billion U.S. dollars. Contrastingly, Digital Remittances is ranked last, with 1.26 billion U.S. dollars. Their difference, compared to Digital Commerce, lies at 31.3 billion U.S. dollars. Find other insights concerning similar markets and segments, such as a ranking by country regarding average revenue per unit (ARPU) in the digital remittances segment of the fintech market and a ranking of subsegments in Brazil regarding number of users in the segment Digital Payments . The Statista Market Insights cover a broad range of additional markets.

According to a survey conducted in the Philippines, 18 percent of technology investments by small and medium-sized business enterprises in the Philippines were allocated for AI/Analytics as of 2020. In addition, 15 percent were invested for CX solutions and to upgrade IT software, respectively. The Philippines ranked 12th in terms of digital maturity of the small and medium businesses in the Asia Pacific region.

"ICT Investment Trends in Philippines", a Customer Insight Survey report by GlobalData, is one of the many products in the Digital Industry product portfolio, which provides an executive-level overview of the enterprise ICT budget trends in the country. The report presents a summary of enterprise ICT investment strategy in 2017, change in annual enterprise ICT budget allocation from 2017 to 2018, enterprise technology priorities, and analysis of ICT vendors. Read More

In 2021, digital financial services accounted for the majority of the total value of private funding value in the Philippines at 74 percent. Meanwhile, e-commerce accounted for six percent of the total private funding value. Friends and family are often the first private investors of startups, along with wealthy individuals and angel investors, and established venture capitalists.

Start-ups in the Philippines raised about 960 million U.S. dollars worth of funding in 2023, slightly lower than the value of deals from the previous year. Start-ups can seek funding through various sources, including private funders, angel investors, and venture capitalists.

 Stages of startup funding 

After successfully transforming their business concept into a product or service, startups go through funding stages to get their operations up and running. The earliest stage of funding is called pre-seed funding, followed by seed funding which represents the first official money that the enterprise raised. After releasing its product in the market, the start-up enters early-stage funding to generate additional revenue. Finally, late-stage funding is the final round before planning an initial public offer (IPO) or acquisition. In the Philippines, late-stage venture capital (VC) was the most funded growth stage in 2021, followed by early-stage VC.

 Most funded startup sector 

Across sectors, fintech was the most funded start-up sector in the Philippines. The growth of the fintech sector was attributed to increased government efforts on financial inclusion and high digital adaptation among the Filipino population. Fintech firms in the country were mainly in the lending and payments sector.