The Philippines’ highest funded startups in 2014

The Philippine startup scene is young. Yet it’s starting to get the attention of investors overseas.

That’s made evident by a number of funding rounds and exits that came this year. The biggest of them all: the initial public offering (IPO) of Xurpas – among the earlier generations of homegrown Philippine tech companies that startups today very well look up to.

Awash with innovative ideas and serious talent, young and promising startups also gained their fair share of attention as they started to foray into other markets.

Without further ado, Tech in Asia brings you the list of Philippine startups that got the biggest funding amounts in 2014:

PayrollHero

In February, PayrollHero, a startup that wants to change the way businesses do their timekeeping, raised a US$1 million seed investment from 500 Startups, Futura Corporation, and several others.

PayrollHero is using the funds to further develop its services and finance its expansion overseas – it just started a charter client program in Singapore as part of its official launch in the country.

The startup is challenging traditional payroll systems by allowing companies that have employees who work remotely to clock in and out using facial recognition or GPS location. Its service works on an iPhone, iPad, or any device with a web cam.

See: Philippines startup wants to be your company’s PayrollHero

ZAP Group