Globe with its rapidly growing portfolio companies has transformed into a digital solutions group enabling a robust digital ecosystem for Filipinos.
Globe has come a long way from being a core telecommunication company. It keeps up with the trends through the expansion of services, including fintech, healthtech, adtech, and e-commerce, among others.
With the company’s efforts to give value beyond telco, it has been accelerating 8 companies and incubating six seed ventures plus three angel ventures through its 917Ventures.
The 917Ventures is a wholly-owned corporate venture builder, with a massive portfolio including e-wallet popular brand GCash, loyalty and e-commerce solutions provider RUSH, online grocery shopping platform PureGo, digital and mobile marketing solutions firm AdSpark, and telehealth service platforms KonsultaMD and HealthNow.
GCash processes about 10 million transactions daily with 46 million registered users and over 2.5 million merchants as of end-July.
Award-winning AdSpark has doubled its revenue growth in the first half of the year, launching 2,300 digital marketing campaigns and solutions for businesses nationwide that were impacted by the pandemic.
To further support customers amid the global health crisis, KonsultaMD and HealthNow were also developed. Accomplishments include having medical consultations through the KonsultaMD app skyrocketed to 256% for the first half of the year versus 2020 and HealthNow being a vaccine rollout leader for the Ayala Group of Companies and various partners.
As they expand outside of its main venture, Globe has also been scaling up subsidiaries that provide IT solutions and services. For instance, Electronic Commerce Payments Inc. (ECPay) aims to onboard 70,000 general trade retailers by the end of 2021. Its technology arm Yondu also continues to sustain its momentum after turning in a banner year in 2020. Likewise, Globe’s Kickstart Ventures now has USD240 million aggregate assets under management, which includes Ayala Corporation Technology Innovation Venture (ACTIVE) Fund that focuses on the technological trends and essentials today.
Globe President CEO Ernest Cu believes these ventures will provide great value to Globe in the future.
“Globe has moved beyond telco. Although telco remains to be our core business, we continue to build businesses that leverage our reach as a telco, our capital, and everything else that we do,” Cu said.
To learn more about Globe and its vast portfolio company, visit www.globe.com.ph.