The coronavirus pandemic has brought unprecedented difficulties to many businesses. Although we have seen signs of a positive rebound in the Philippine technology startup scene, particularly those engaged in online enterprises, fundraising for small businesses belonging to sectors hit hard by Covid-19 still poses challenges, leaving many of their founders actively searching for ways to raise funds quickly.
To speed up the closing of funding rounds and transactions, startups have resorted to crowdfunding and peer-to-peer lending, among others, or to using an investment instrument called a “SAFE.”
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