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Rising stars: InvestEd wins Big, Farmvocacy earns special award at Catapult SEAsia 2024

by Eileen Mencias

Two Philippine startups distinguished themselves at the Luxembourg House of Financial Technology (LHoFT)’s Catapult Financial Inclusion South East Asia 2024 (Catapult SEAsia) event last week.

InvestEd, a fintech lending platform for Gen Z consumers in the Philippines, emerged as the top winner.

The LHoFT event hosted 13 fintech finalists from Southeast Asia for 37 mentoring sessions with 32 partners and 40 mentors, totaling over 90 hours of intensive work.

Led by Carmina Bayombong, InvestEd became the first winner of Catapult in Asia and received 10,000 euros in prize money.

The jury also recognized another Filipino startup, Farmvocacy, with a special “coup de coeur” award.

Farmvocacy, led by Vincent Roy P. Mendoza, is a fintech platform based in Mamburao, Occidental Mindoro, promoting climate-smart, environmentally friendly, and high-yielding farming systems for rice cultivation.

Other startups at Catapult SEAsia 2024 included:

From Indonesia:

AlForesee, an innovative credit score company
Finfra, an embedded lending infrastructure for sustainable financing

From Laos:

Lao Mobile Money, a platform for digital payments, remittances, and bill payments
Fina Fintech, a digital financial services provider
LTS Ventures, a fintech for financial inclusion

From Malaysia:

BlueDuck, a risk management company focused on underserved customers
Wahine Capital, a digital vault designed for women by women

From Singapore:

iCare Group, a social enterprise focused on low-income women workers

From Thailand:

Laneth Tech Company, providing core banking solutions for rural financial institutions
Noburo Wealth-Being, enhancing financial well-being for employees

From Vietnam:

Ekko, offering IT consulting to enhance financial wellness

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