Beenos invests in payments platform Paynamics

At a run rate of over a deal a month, the Philippine startup ecosystem buzzed with 16 significant investments led by the venture capital industry’s best known names predominantly in the technology-driven themes.

The startups, that got funded and their ideas validated, represented segments such as online payments, fintech, teleradiology, realty and job platforms and software services.

While Singapore-based VC firm Monk’s Hill marked its debut investment in Philippines, other prominent names who bet on the region include 500 Startups, Beenos, KK Fund, Life.Sreda, AT Capital to name a few. Also, local investors Kickstart Ventures remained prolific in the startup scene while Malaysian accelerator 1337 also made a few investments.

Beenos invests in payments platform Paynamics

In the first month of 2015, Paynamics Technologies Inc, a local online payment platform, raised its first round from Japanese e-commerce business incubator group Beenos. The startup addresses merchant problems involving technical connectivity, risk management, and sales conversion. Beenos founder Teruhide Sato, a serial entrepreneur and Internet business expert, led the Series A funding round for Paynamics. Founded in 2010 by Ronald Magleo, Paynamics offers web payment, data vault, email billing, subscription billing and disbursement gateway for enterprises.

Source from DealStreetAsia