Xendit to support Philippine startups with the Level Up accelerator program
Manila, Philippines — Xendit is powering the local small and medium enterprises (SME) community in the Philippines with the launch of its Level Up program. The initiative will feature a series of master classes and challenges to give local startups the tools and know-how to scale their businesses.
Level Up is part of the Philippine payment startup’s commitment to championing the growth of SMEs in the Philippines, while making financial transactions safer and simpler in the digital age.
“Xendit is also a product of a startup accelerator in Silicon Valley, which helped us build a fast, secure, and seamless payment platform for Southeast Asia. Through our time with Y Combinator, we recognized the importance of mentorship in a startup’s growth. We hope to offer the same kind of support for local entrepreneurs and SMEs,” says Yang Yang Zhang, Managing Director of Xendit Philippines.
As the first part of the campaign, Xendit will launch the Business Pitch Challenge where they will select 50 to 100 startups who will get P3.5 million in waived fees to use their service. The selected SMEs will enjoy a secure, easy-to-integrate payment system and a seamless payment experience for their clients. The selected startups will also join a master class to learn how to maximize their payment gateway experience.
For the overall programme, the Xendit Level Up initiative will waive P3.5 million per business in free transactions for up to 1000 entrepreneurs and businesses in Philippines and Indonesia to scale and level-up, while embracing the digital transactions that are increasingly critical in the region. The company will provide comprehensive payment options, quick set-up, and instant payment process so they can be onboarded right away.
To join Level Up, create a 3-minute video to upload on Youtube with the hashtag #LevelUpPH, and submit the link of your video along with the filled up application form on http://bit.ly/xenditph-level-up from April 23 to June 30, 2021. Entrepreneurs who wish to participate in the Business Pitch Challenge can create a video pitch explaining their current product or service.
“We are excited to meet promising startups in the Philippines and see how we can work together so they can reach their idea’s economic potential. We are confident that this program can nurture the businesses of tomorrow and in turn, continue building the country’s digital payments infrastructure,” says Yang Yang.