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Xendit awards PH startup Panublix fund of $10,000

Panublix was one of the recipients of the Xendit Startup Accelerator Program, acquiring fee waivers of $10,000 (or over P520,000) consumable for two years. A Philippine startup based in Iloilo, Panublix is a sourcing platform connecting creatives with sustainable tropical textiles and artisan crafts.

Launched last year, the Xendit Startup Accelerator Program also provides entrepreneurs with access to learning partners and additional resources.

“The Xendit Startup Accelerator Program was the driving force for our business to rise above a challenging time for entrepreneurs,” said Noreen Bautista, co-founder, Panublix. “It reminded us of our purpose and how, just like Xendit, Panublix, can pave the way for artisans to turn their passions into sources of li 6velihood. We are grateful for the privilege as we’ve experienced a significant rise in transactions since the integration.”

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The Startup Accelerator Program enabled startups to provide customers with seamless digital transactions within their own ecosystem or website.

Because of the integration, Panublix is able to receive and accept payments through credit or debit cards, and e-Wallets, including GCash, GrabPay, and PayMaya, Direct Debit via BPI, and UnionBank. Through Xendit, Panublix can now also cater to over-the-counter transactions through retail outlets, including 7-Eleven and Cebuana Lhuillier.

“More than our organization’s long-term goal to make digital transformation a reality, we, at Xendit, are also motivated by how we can help empower more SMEs by giving them access to the right resources to jumpstart their success,” said Yang Yang Zhang, managing director, Xendit Philippines.

Through the fund, Panublix will be able to digitally empower more than 100 rural artisans with the help of the Xendit Startup Accelerator Program. This will be done through the Panublix Weaving Enterprise Digital Enabler (PWEDE) program, which enables local textile makers to become competitive digital enterprises on the Panublix sourcing platform.