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Philippines, Enterprise Software & Services
Mobile phone users in emerging markets face challenges that differentiate them from their developed market counterparts. Low credit card penetration makes ecommerce nearly impossible – reducing accessibility to mobile phone content (e.g. messaging applications, info-on-demand applications, and games). In the Philippines, where mobile phones outnumber PCs three-to-one, Xurpas increases access to the Internet by creating and developing mobile content that can be purchased with airtime credit. With distribution agreements in place with three leading telcos, Xurpas’ content currently reaches every single mobile subscriber in the Philippines. Xurpas listed on the Philippine Stock Exchange at a market cap of US$150 million in December 2014, making it the second company in the history of Endeavor to IPO prior to the selection process. It is using this liquidity to expand its distribution channels and customer base through a string of strategic acquisitions.
Endeavor Entrepreneur Nico Jose “Nix” Nolledo, founder of Xurpas, was named the Philippines’ EY Entrepreneur of the Year for …
Indonesia’s Niki Luhur of Kartuku and Aldi Haryopratomo of Ruma and the Philippines’ Nix Nolledo of Xurpas were all featured on …
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