MANILA, PHILIPPINES — Endeavor Philippines has released its 2024 Impact Report, marking a decade of supporting high-impact entrepreneurs, driving economic transformation, and fostering a thriving entrepreneurial ecosystem.
The report, themed “10 Years of Multiplier Effect,” encapsulates the impact of Endeavor’s approach to fostering entrepreneurial growth in the Philippines. The Multiplier Effect demonstrates 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.
As high-impact entrepreneurs scale their businesses, they generously share knowledge, resources, and insights with emerging founders, fueling continuous innovation and cultivating a culture of giving back. This cycle not only accelerates individual success but also drives economic development on a national scale, as each entrepreneur ultimately “pays it forward,” creating a compounding impact across the Philippines.
The transformative power of the Multiplier Effect is evident in the impact Endeavor Philippines has achieved since its launch in 2015. Over nearly a decade, Endeavor has supported 46 entrepreneurs across 33 companies in industries such as fintech, eCommerce, and logistics. This strategic support has led to substantial economic contributions — over $900 million in revenue generated, 66,000 jobs created, and $1 billion in capital raised in 2023 alone.
Manny Ayala, Managing Director at Endeavor Philippines, reflected, “At Endeavor, we’re not just supporting individual entrepreneurs; we’re building a chain reaction that reshapes industries and empowers entire communities. 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.”
Endeavor’s 2024 report highlights the impact of its network, such as Angkas, BillEase, CloudEats, Coins.ph, edamama, Kalibrr, and Kumu — some of the country’s most innovative and disruptive companies, which collectively exemplify the power of the Multiplier Effect by paying their success forward and mentoring the next generation of founders.
“Endeavor has been instrumental in my journey — providing the mentorship, network, and resources that helped me scale Great Deals into the top e-distributor in the Philippines. Today, I’m proud to give back by mentoring other entrepreneurs through faith-based programs, impacting over 60 founders across both tech and non-tech sectors. Supporting others as they navigate their own paths to success is incredibly fulfilling, and it feels meaningful to carry forward the support that Endeavor extended to me,” said Steve Sy, Co-founder of Great Deals.
Endeavor’s 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.
Endeavor further supports them through Endeavor Catalyst, a rules-based co-investment fund that invests in Endeavor Entrepreneurs’ companies. Launched in 2012, the fund is designed to provide financial support to the entrepreneurs Endeavor helps to scale by investing in high-growth startups within the Endeavor network. The fund operates with over $500 million in assets under management (AUM) across multiple funds, making over 300 investments in more than 35 markets, with a portfolio that includes 57 unicorns (companies valued at over $1 billion). Endeavor Catalyst allows Endeavor to sustain its global and local operations through these investments while generating returns for investors.
Manny expressed, “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. 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.”
Endeavor Philippines envisions the country becoming a global source for high-impact entrepreneurs —founders who are not only building world-class companies but also uplifting communities and industries through its programs.
