Asia Digest: PH central bank lifts moratorium on digital lenders; Wavemaker backs Mushroom Material

Asia Digest: PH central bank lifts moratorium on digital lenders; Wavemaker backs Mushroom Material

Manila, Philippines. Photo: David Milmont/unsplash

The central bank of the Philippines has officially resumed accepting applications for four more digital banking licenses in the country while Singapore-based SEEDS Capital and Wavemaker Partners have co-led the $5 million seed funding for New Zealand startup Mushroom Material.