The State of Philippine Tech: A Decade of Growth and Impact

The Philippine tech ecosystem has experienced remarkable growth over the past decade, with the number of tech companies tripling between 2014 and 2024. This expansion has been largely driven by Fintech and E-commerce, two sectors fueling innovation, job creation, and economic transformation. However, beyond just numbers, the real story lies in the Multiplier Effect™️—a cycle where successful entrepreneurs reinvest in the next generation, building a stronger, more sustainable ecosystem.

This report provides a deep dive into the state of the Philippine tech landscape, analyzing trends, challenges, and the key players shaping the future. From serial founders and angel investors to the rise of female entrepreneurship, this report highlights the evolving dynamics of the country’s entrepreneurial network.

As the ecosystem continues to develop, the question remains: What will it take to scale more startups into high impact companies?

Key Highlights from the Report:

• ⁠A Thriving Tech Ecosystem – The number of tech companies in the Philippines has tripled in the last decade, led by Fintech and E-commerce.
• ⁠The Multiplier Effect™️ at Play – More entrepreneurs are mentoring, investing, and launching new ventures, creating a self-sustaining ecosystem.
• The Role of Scaled Companies – The most successful companies aren’t just leading businesses—they are key contributors to the growth of new startups through mentorship and funding.
• ⁠Female Entrepreneurship on the Rise – Nearly one-third of tech companies in the Philippines now have at least one female founder, but barriers still exist for women in entrepreneurship.
• ⁠Challenges to Scaling – Startups still face hurdles in access to capital, engineering talent, and leadership needed to scale effectively.
• ⁠Celebrating the Ecosystem’s Heroes – Featuring individual Multiplier Maps, showcasing how key founders and investors have shaped the landscape.