Philippines
Packworks, founded in 2017, aims to revolutionize the traditional mom-and-pop stores, known locally as "sari-sari" stores in the Philippines, by providing them with robust yet accessible mobile ERP solutions. With a mission embodying their slogan, "Our mission is to be the business technology platform for all micro entrepreneurs," Packworks is dedicated to enhancing the livelihoods of these micro-entrepreneurs through inclusive technology.
Operating in the intersections of Consumer Products, Fintech, and Retail, Packworks addresses a vast network of approximately 1.1 million unbanked sari-sari stores, demonstrating an impressive 35% increase in monthly sales for businesses utilizing its solutions. Headquartered in the bustling market environment of the Philippines, the company understands the unique challenges faced by these micro-businesses.
Packworks recently received a PHP3.50M Grant investment from DOST PCIEERD – Startup Grant on 11 July 2024, signifying institutional confidence in its vision and potential for growth. For investors, Packworks presents a significant opportunity to tap into an underserved yet promising segment of the market.
