COMPANY
In Q1 2024, Affinity reached major milestones, with their USSD campaign generating 35,000 leads and several exciting new partnerships underway. They finalized a salary-backed loan deal with Achieve for 55,000 employees and plan to launch PoS services with Blu Penguin in Q2.
Affinity also experienced positive financial growth, with increased total deposits through their mobile app, despite no marketing spend, and maintained a low non-performing loan ratio amidst market turbulence. Their customer base expanded further, reflecting their scalability and customer satisfaction.
With new partnerships and product launches on the horizon, Affinity is set to diversify its offerings and boost deposits.
During Q1 2024, Prosperna saw an impressive surge in gross revenue while successfully reducing the average monthly cash burn. By shifting their focus to targeting their ideal customer profile in marketing and product development, they aim to lower their revenue churn rate significantly. These results highlight Prosperna's unwavering commitment to enhancing its products and services, driving consistent growth by partnering with various brands and organizations. This supports their mission to empower 1 Million Philippine businesses with simple, localized, and affordable eCommerce software.
In Q1 2024, Humble celebrated remarkable growth, with gross revenue surging compared to their year-to-date target from January to April. April particularly stood out, surpassing expectations of their target gross revenue.
Among the exciting developments, Humble has formed partnerships with IBPAP, signaling a significant step forward in the industry. They're also actively engaged in pilot projects alongside PEZA members, demonstrating their commitment to innovation and collaboration within the tech sector. Moreover, there are promising signs of potential investments from businesses and government organizations, highlighting Humble's growing credibility and influence.
In Q1 2024, Shoppable achieved significant milestones, reaching its highest gross transactional value since 2023. Their success was further solidified by securing a grant from a Philippine government organization, affirming their status as a government-backed startup.
Additionally, Shoppable launched Quotable, a pioneering SaaS solution for end-to-end supply chain management (SCM), and is actively inviting beta users to experience its innovative features.
Aligned with their vision to be the preferred end-to-end solution for businesses, Shoppable's top-selling categories during the quarter were computers and accessories, establishing them as a trusted and reliable source for people’s tech needs.
Peddlr achieved impressive results in Q1-2024, with a topline revenue and notable improvements in their CM2. Kankolek, their merchant wallet, garnered significant momentum by enlisting numerous merchants which presents ample growth opportunities through expansion to a wider user base, particularly focusing on medium-sized businesses, due to the extensive transaction volume and scale.
Peddlr also has exciting plans for the future, including releasing a new monetization product called MariCash which will provide capital financing to merchants based on credit scores created from Kankolek transactions.
