Community of entrepreneurs marks 10 years of ‘paying it forward’

by Ralph Hernandez / December 11, 2024

Endeavor, which describes itself as the world’s leading community of, by, and for high-impact entrepreneurs, recently marked 10 years in the Philippines with the launch of its impact report themed “10 years of Multiplier Effect.”

In a release, the organization said the report “encapsulates the impact of Endeavor’s approach to fostering entrepreneurial growth in the Philippines… [demonstrating] how a single founder’s journey can ripple through generations of companies by mentoring, investing in, and inspiring other entrepreneurs, thus creating a powerful cycle of growth within the ecosystem.”

Since its establishment in 2015, Endeavor Philippines said it has supported 46 entrepreneurs across 33 companies in industries like fintech, e-commerce, and logistics. This has led to over $900 million in revenue, 66,000 jobs created, and $1 billion in capital raised just in 2023.

The report also highlights the impact of its network, which including Angkas, BillEase, CloudEats, edamama, Kalibrr, and Kumu, “some of the country’s most innovative and disruptive companies.”

“Each founder we back is a catalyst for innovation and opportunity, multiplying their success by mentoring, investing, and paving the way for others. Our goal isn’t just growth—it’s enduring transformation, driven by entrepreneurs who will continue to elevate the Philippine economy long after Endeavor’s work with them is done,” said Manny Ayala, managing director of Endeavor Philippines.

Endeavor explained how its unique model selects high-growth entrepreneurs through a rigorous process that culminates in an International Selection Panel. “Only those who demonstrate the potential for regional or global scale and influence are selected, gaining access to Endeavor’s global network of mentors, investors, and peers,” the organization said in a statement.

Endeavor Philippines added that it envisions the country becoming a global source for high-impact entrepreneurs, or founders who are not only building world-class companies but also uplifting communities and industries through their programs.

“In the coming decade, we foresee a period of accelerated growth anchored in three foundational pillars. First, Filipino founders will be at the forefront of addressing global challenges, pioneering advancements in fintech, retail, and F&B, and positioning the Philippines as a global hub for breakthrough innovation. Second, we are dedicated to building an inclusive ecosystem where opportunities are plentiful and accessible, ensuring every entrepreneur has the resources, mentorship, and capital they need to succeed.” said Ayala.

“Finally, we aim to foster a deeply rooted pay-it-forward culture within our entrepreneurial community—where each success story sparks another, creating a lasting cycle of growth and positive impact for generations to come.”

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