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Homepage > News > Business > Unveiling startup secrets at the BUILD Startup Festival Building a startup in the Philippines’ rapidly growing tech ecosystem presents both promises and pitfalls. Startups face the daunting task of turning a great idea into a real-world impact. At the recent BUILD Startup Festival, hosted by the Sinigang Valley Association, CoinGeek delved into how startups can successfully navigate the path from concept to scale. Here’s what we uncovered from founders and industry leaders: One of the key drivers of growth? Fintech. title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen=””> Franco Varona, Managing Partner at Foxmont Capital Partners, said the market shift has been a game-changer. “This is a country that now, for example, does 50% of their financial transactions online. This only happened again over the last five years,” Varona pointed out. He also noted how policy support has played a pivotal role, saying, “The government in the Philippines, I think it’s safe to say, is the most supportive it’s ever been to the ecosystem in its current state… actually investing directly in startups.” But the path to traction isn’t smooth. Constantin Robertz, Co-Founder and CEO of LOCAD, a logistics startup that streamlines e-commerce operations, got real about the startup hustle, noting that one challenge is, “Finding customers that will believe in you when nobody else will.” He also emphasized the danger of overengineering, pointing out, “In 90% of the cases you overbuild… as opposed to nailing a very specific use case very well.” Meanwhile, Candice Quimpo, Co-Founder of Imaginable Impact, highlighted how inclusive teams outperform by design, not by accident. “Diversity translates to better outcomes because you start looking at the problem differently,” she says. “Startup allows us to look for solutions and to innovate, so that everybody benefits.”…

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Filed under: News - @ May 14, 2025 1:22 pm