917Ventures | |
Company type | Private (subsidiary) |
Industry | Investment (venture capital) |
Founded | June 29, 2016 |
Headquarters | W 5th Ave., Bonifacio Global City, Taguig |
Owner | Globe Telecom |
Website | 917ventures |
Globe Capital Venture Holdings, Inc. (GCVHI), doing business as 917Ventures, is a Philippine-based corporate investment firm. [1] Although it is wholly-owned subsidiary of major telecommunications firm Globe Telecom, the company independently operates itself on its own legal entity for the purpose of corporate venture building outside of its parent's core business. [2]
The company has been involved in several projects and joint partnerships in different businesses, with GCash as its flagship product. [3]
Globe Capital Venture Holdings, Inc. was formed by Globe Telecom on June 29, 2016, serving its purpose of venture capital on non-core business. In 2019, however, Globe introduced GVCHI's front-facing brand known as 917Ventures. The new brand was named after "917", the prefix mobile phone number assigned to Globe. [4]
In its startup, the company formed a unicorn venture called Mynt Inc., which owns the popular mobile payment service GCash. Mynt is 917Ventures's first joint venture with Globe co-parent Ayala Corporation and China-based Alibaba affiliate Ant Group.
SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.
BCE Inc., an abbreviation of its full name Bell Canada Enterprises Inc., is a publicly traded Canadian holding company for Bell Canada, which includes telecommunications providers and various mass media assets under its subsidiary Bell Media Inc. Founded through a corporate reorganization in 1983, when Bell Canada, Northern Telecom, and other related companies all became subsidiaries of Bell Canada Enterprises Inc., it is one of Canada's largest corporations. The company is headquartered at 1 Carrefour Alexander-Graham-Bell in the Verdun borough of Montreal, Quebec, Canada.
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.
Saudi Telecommunication Company (Group) (stylized as stc; Arabic: شركة إتصالات السعودية) provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and broadband & cloud computing services. stc Group also offers online payments, telecommunications, IOT, 5G, e-gaming, cybersecurity, digital entertainment, and fintech.
DWKC-DTV is a television station in Metro Manila, Philippines, serving as the flagship of Broadcast Enterprises and Affiliated Media, Inc. Its main office is located at the 3rd floor, Globe Telecom Plaza 1, Pioneer St. cor. Madison St., Mandaluyong City, while its transmitter and master control is located at Palos Verdes Subdivision, Sumulong Highway, Brgy. Santa Cruz, Antipolo, Rizal.
DYRM-DTV is a television station in Iloilo City, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media, Inc. The station maintains a transmitter facility along Piña-Tamborong-Alaguisoc Road, Brgy. Alaguisoc, Jordan, Guimaras, at the former Globe cell site.
Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.
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Boku, Inc. is a mobile payments company that allows businesses to collect online payments through both carrier billing and mobile wallets, and is headquartered in San Francisco, California. Boku utilizes mobile network operator (carrier) data to enhance the security and user experience for consumers online. Boku offers its customers more than 330+ mobile payment types in over 90 countries globally, offering a bank-grade payment system.
Broadcast Enterprises and Affiliated Media, Inc. (BEAM) is a telecommunications company in the Philippines with primary focus on UHF broadcasting and digital terrestrial television for the convergence of multimedia. It is owned by Bethlehem Holdings, Inc., a media investment company of Globe Telecom through its Retirement Fund group.
DWHC-DTV is a television station in Naga City, Camarines Sur, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media, Inc. The station maintains a transmitter facility at Brgy. Triangulo, Naga City.
DWHB-DTV is a television station in Baguio City, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media Inc. The station maintains a transmitter facility atop Mt. Sto. Tomas, Tuba, Benguet.
In business, a unicorn is a startup company valued at over US$1 billion which is privately owned and not listed on a share market. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.
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PT Tokopedia is an Indonesian e-commerce company. Tokopedia is a subsidiary of a new holding company called GoTo, following a merger with Gojek on 17 May 2021. It is one of the most visited e-commerce platforms in Indonesia.
Beep is a reloadable contactless smart card created in 2015 to be a replacement for the magnetic card-based system in paying rail-based rapid transit transportation fares in and around Metro Manila. Beep is also used in lieu of cash in some convenience stores and other businesses. The Beep system is implemented and operated by AF Payments Incorporated, which is primarily owned by Ayala Corporation and Metro Pacific Investments Corporation.
bKash is a mobile financial service (MFS) in Bangladesh operating under the authority of Bangladesh Bank as a subsidiary of BRAC Bank PLC. This mobile financial service company started as a joint venture between BRAC Bank Limited, and Money in Motion LLC. As a mobile financial service (MFS) provider in Bangladesh, bKash users can transfer money into their mobile accounts and then access a range of services. In particular, transferring and receiving money domestically and making payments. Services like mobile recharge prepaid and postpaid package internet service Value Added Service Customer Service or paying utility bills are also possible through bKash USSD (*247#) and bKash App. A user can receive remittance on bKash. In November 2021, bKash became the first ever unicorn startup company in Bangladesh. In May 2023, bKash became the regional sponsors of the Argentina Football Association.
GCash is a Filipino mobile payments service owned and operated by Globe Fintech Innovations, Inc., and operated by its wholly-owned subsidiary, G-Xchange, Inc.
Kroma Entertainment, commonly known as Kroma, is a Philippine media and entertainment company engaging in film, television, events, production, digital content management and other media-related businesses. It is financially backed by Globe Telecom through 917Ventures' Retirement Fund agency.
Pinoy Interactive Entertainment was a Philippine free-to-air television channel co-owned by ABS-CBN Corporation, Kroma Entertainment and 917Ventures, in partnership with Broadcast Enterprises and Affiliated Media. The name is derived after Pie, a baked pastry dish made of dough casing that contains various sweet or savory filling ingredient. The channel consists of different traditional and digital entertainment programs for games, talk and variety shows mixed with real-time interaction format that can be viewed at any device, dubbed as the country's first multiscreen and real-time interactive entertainment channel. It broadcast nationwide on television via digital terrestrial through BEAM TV on its flagship station Channel 31, cable and satellite providers, as well as worldwide via online through PIE's YouTube channel, its official website and GCash's GLife, which operates from 11:00 am to 11:00 pm.