Buko Ventures has invested in ChatGenie, a leading developer of mini-apps and chat-based e-commerce storefronts in the Philippines, aligning with the growing trend of social commerce in the region.

Information on the Target

Buko Ventures is pleased to announce its investment in ChatGenie, a leading developer of mini-apps and chat-based e-commerce storefronts in the Philippines. ChatGenie is at the forefront of a burgeoning market, creating innovative solutions that cater to the evolving needs of consumers and businesses alike.

Since its inception in March 2020, ChatGenie has made remarkable strides, onboarding over 2,000 merchants and facilitating transactions exceeding $3 million USD. Their mini-app technology is integrated with popular social media channels such as Facebook Messenger, Instagram, and Viber, as well as major e-wallet platforms like Gcash and Paymaya, establishing a solid foundation for future growth.

Industry Overview

The e-commerce landscape in the Philippines is rapidly evolving, driven by the increasing penetration of digital technologies and a young, tech-savvy population. Major