Buko Ventures is excited to announce our investment in Twala, a new blockchain powered e-signature technology for the Philippines.

Businesses in the digital economy need a way to make secure and legally binding agreements, and covid and work from home restrictions have accelerated this move to digital documentation even faster. Twala enables legally certified digital signatures for individuals, businesses, and organizations in the Philippines. Similar to Docusign or Hellosign, Twala makes digital documentation easy to create, share, and sign. Importantly, like many countries, the Philippines has a lot of interesting nuances and complexity when it comes to the specific regulatory and legal requirements for legal documentation. Twala has taken inspiration from many of the features and processes of Docusign’s proven model, but then localized the user experience and processes for the Philippines.

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Twala is fully legally compliant and enables secure signatures following the Philippines’ Electronic Commerce Act (RA 8792) and the Philippine Supreme Court’s Rules on Electronic Evidence. Twala also adheres to major eSignature laws in many jurisdictions so it works great for both local and international agreements.

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Twala has built a beautiful website and user interface to make organizing documents and collecting digital signatures seamless for clients. It’s also affordable with a simple monthly subscription offering to use Twala’s e-signature technology. Twala also uses blockchain technology to keep a secure ledger of signatures for each document uploaded and signed using Twala.

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Twala has worked closely with the legal community in the Philippines to make sure their system meets proper regulations, and they have already started great partnerships with other digital enablers for the Philippines economy like neobanking fintech company NextPay and legal services SaaS company Taxumo. Twala already has a strong client base of paying customers with big expansion plans in 2022.

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Twala has an impressive founding team. Twala’s CEO Jeffrey Reyes has 12 years of experience in software and product development across Asia, Europe and the US. Alexander Paul Quinit, the CTO is a blockchain expert that has worked for several gaming and fintech blockchain companies in the Philippines and globally. Edilberto Salvador, the CIO and the head of UX is also a certified blockchain developer. Charlie Coroza, the COO has more than 9 years of B2B business development and operations experience and previously co-founded an HR-related startup that provides trainings to top corporations in the Philippines.

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We’re excited to support Twala as they enable an easy process for secure digital signatures and documents for the Philippines economy. If you’re interested to add Twala’s seamless digital signature technology to your business processes, check out their offerings here.