The Philippines have has around *** startups as of October 2021, an increase of *** percent from *** startups in 2017. The number of startups in the country is expected to keep growing in succeeding years.
 Most funded startup sector 
Across sectors, financial technology or fintech was the most funded startup sector in the Philippines. In 2021, the value of deals received by startups in the FinTech sector accounted for over half of the total deal value. FinTech is rapidly expanding in the Philippines due to increased digitalization and government campaigns to boost financial inclusion and digital payment adaption. Two of the unicorn startups are in fintech.
 Startup ecosystem
Although the startup landscape in the Philippines is nascent, focused government support and high digital adaption are expected to support its growth in the following years. In 2019, the government introduced the Startup Innovation Act, providing incentives to make starting a new business much easier. By 2025, it was forecast that the number of newly registered businesses would reach over ** thousand.
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Gobi Partners, & Core Capital. (November 15, 2021). Number of startups in the Philippines from 2017 to 2021 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1342728/philippines-number-of-startups/
Gobi Partners, und Core Capital. "Number of startups in the Philippines from 2017 to 2021." Chart. November 15, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1342728/philippines-number-of-startups/
Gobi Partners, Core Capital. (2021). Number of startups in the Philippines from 2017 to 2021. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1342728/philippines-number-of-startups/
Gobi Partners, and Core Capital. "Number of Startups in The Philippines from 2017 to 2021." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Nov 2021, /statistics/1342728/philippines-number-of-startups/
Gobi Partners & Core Capital, Number of startups in the Philippines from 2017 to 2021 ÌÇÐÄÆƽâ°æ, /statistics/1342728/philippines-number-of-startups/ (last visited July 24, 2026)
Number of startups in the Philippines from 2017 to 2021 [Graph], Gobi Partners, & Core Capital, November 15, 2021. [Online]. Available: /statistics/1342728/philippines-number-of-startups/
