917Ventures

917Ventures is the public-facing brand of Globe Capital Venture Holdings, Inc. (GCVHI), a Philippine corporate investment and venture-building company wholly owned by telecommunications operator Globe Telecom. It was created to pursue opportunities outside Globe's traditional connectivity business and to build, finance, and develop digital companies through partnerships, incubation, and corporate venture investment. The legal entity was formed on June 29, 2016. Globe introduced the 917Ventures brand in 2019, using “917,” a mobile-number prefix strongly associated with Globe in the Philippines. The brand therefore functions less like a conventional standalone consumer label and more like a venture platform through which Globe organizes and presents its participation in digital businesses. Its portfolio and partnerships have covered financial technology, payments, remittances, lending, healthcare, media and entertainment, advertising technology, logistics or commerce applications, and other internet-enabled services. Its best-known asset is Mynt, the company associated with GCash. Mynt began as a joint venture involving Globe, Ayala Corporation, and Ant Group, and GCash became 917Ventures' flagship business. Other publicly identified interests include G-Xchange, which operates the GCash-branded mobile payments and remittance service; Fuse Lending, associated with GLoan and GGives; Global Telehealth, known for KonsultaMD; AdSpark; Inquiro; Kroma Entertainment; Rappit, developed with Puregold; and Rush. 917Ventures benefits from Globe's telecommunications infrastructure, customer relationships, distribution capabilities, technology resources, and knowledge of the Philippine market, while operating as a separate legal entity intended to move more flexibly than a core telecommunications division. Some ventures are joint ventures or minority investments rather than wholly owned operating businesses, so the presence of a company in the platform's asset list does not by itself establish full ownership or direct operational control. Public disclosures also do not provide a complete, consistently updated account of every investment, the platform's standalone financial performance, or the current ownership status of all named ventures.

Globe Capital Venture Holdings, Inc. was formed by Globe Telecom on June 29, 2016. The entity was designed to give Globe a vehicle for corporate venture capital and venture building in areas beyond the telecommunications company's core business. This structure reflected the broader transformation of telecom groups into digital-services companies: connectivity could provide an important foundation, but growth opportunities increasingly appeared in payments, lending, healthcare, media, commerce, advertising technology, and other software-enabled markets. In its early development, the company participated in the creation of Mynt, formerly known as Globe Fintech Innovations, Inc. Mynt was established as a joint venture involving Globe, Ayala Corporation, and Ant Group, the China-based affiliate of Alibaba. Mynt's GCash business became the most prominent venture associated with the platform and is described as 917Ventures' flagship product. GCash's role also illustrates the platform's operating model: Globe could combine telecommunications reach and customer access with outside capital, technology, and sector expertise to build a digital financial-services business. In 2019, Globe introduced 917Ventures as the outward-facing brand for Globe Capital Venture Holdings. The name was derived from the 917 mobile prefix assigned to Globe numbers in the Philippines. The rebranding gave the venture-building activity a distinct identity while retaining a clear connection with its parent company. Publicly identified assets and partnerships have included AdSpark, Global Telehealth (KonsultaMD), Inquiro, Kroma Entertainment, Mynt, Fuse Lending, G-Xchange, Rappit, and Rush. These businesses span digital advertising, telehealth, entertainment, payments, remittances, lending, and consumer or enterprise applications. The relationships differ by company: some are described as wholly owned or controlled operations, while others involve joint ventures or minority stakes. Available reference material identifies Mynt as a 45% 917Ventures ownership interest and Rappit as a 50% interest, while Rush is identified with a 49% interest. Such figures describe ownership positions rather than revenue, valuation, or financial performance. 917Ventures operates as a separate legal entity even though it is wholly owned by Globe Telecom. Its purpose is to pursue and develop businesses outside Globe's principal telecommunications operations, using a more entrepreneurial model than a conventional business unit. The platform can draw on Globe's infrastructure, market knowledge, customer relationships, and distribution channels, while working with partners to develop products and companies. Public information is insufficient to establish a complete chronology of each portfolio company, all changes in ownership, or the platform's standalone financial results. Accordingly, the documented history is best understood as the development of Globe's corporate venture platform rather than as a complete operating history for every business associated with it.

• 2019

  917Ventures brand launched

  [1]917Venturesen.wikipedia.org

  Globe introduced 917Ventures as the public-facing identity of its corporate venture-building activity.

• 2016

  Globe Capital Venture Holdings is formed

  [1]917Venturesen.wikipedia.org

  Globe Telecom formed Globe Capital Venture Holdings, Inc. on June 29, 2016, as a corporate venture vehicle for non-core businesses.

• 2016

  Mynt joint venture established

  [1]917Venturesen.wikipedia.org

  Globe, Ayala Corporation, and Ant Group participated in the venture that became Mynt, the company associated with GCash.

A Philippine telecommunications-backed corporate venture builder and investment platform focused on digital businesses outside Globe Telecom's core connectivity operations.

• Mobile payments and financial services

  GCash

  GCash is the flagship digital financial-services business associated with 917Ventures through Mynt and G-Xchange. It provides mobile payment and remittance functionality in the Philippine market and represents the platform's most prominent venture in financial technology. GCash is not simply a product sold under the 917Ventures name; it is operated through associated corporate entities and partnerships.

• Digital lending

  GLoan and GGives

  GLoan and GGives are lending-related offerings marketed through Fuse Lending. They extend the venture platform's financial-technology scope beyond payments into credit and consumer financing. Public reference material identifies Fuse Lending and these brands as part of the associated asset portfolio, but does not provide a complete product history or current commercial terms.

• Digital healthcare

  KonsultaMD

  KonsultaMD is the consumer-facing name associated with Global Telehealth, Inc., a digital-health business listed among 917Ventures' assets. It represents the platform's participation in telehealth and remote healthcare services. The available reference material does not specify the full service footprint, present ownership arrangement, or complete operating history.

• Digital media and entertainment

  Kroma Entertainment

  Kroma Entertainment is an entertainment and digital-content company included in public descriptions of the 917Ventures portfolio. Its inclusion reflects Globe's venture-building expansion into media and content businesses rather than telecommunications connectivity alone. The available reference material does not establish a detailed list of its brands, products, or current ownership percentage.

• Advertising technology

  AdSpark

  AdSpark is a digital advertising and marketing-technology business identified as an asset associated with 917Ventures. It reflects the platform's interest in commercial services built around digital audiences and data. Publicly available reference material supplied for this entry does not provide enough detail to describe its product portfolio or current operating status more precisely.

• Data and digital services

  Inquiro

  Inquiro is listed among the businesses associated with 917Ventures. The supplied reference material does not define its current product scope in sufficient detail, so it is recorded here only as an associated digital-services asset rather than being assigned a more specific offering description.

• Digital commerce or consumer services

  Rappit

  Rappit, formerly known as PureGo, was developed in partnership with Philippine retailer Puregold. Public reference material identifies a 50% ownership interest and places the business within the 917Ventures asset portfolio. The available sources do not provide enough detail to state its complete business model or current market status.

• Digital business

  Rush

  Rush is identified as an associated 917Ventures business with a reported 49% ownership interest. The supplied reference material does not describe its products or operating activities in enough detail for a more specific category or account of its development.

• 2019

  Introduce the 917Ventures platform brandStrategy

  Background

  Globe's venture-building activity had expanded beyond the parent company's traditional connectivity business and required a distinct public-facing identity.

  Action taken

  Globe introduced 917Ventures as the brand used by Globe Capital Venture Holdings for its corporate venture-building activities.

  Aftermath

  The brand provided a recognizable umbrella for Globe's digital ventures while preserving the platform's relationship with the parent telecommunications company.

  Source

• 2016

  Establish a corporate venture vehicleStrategy

  Background

  Globe Telecom sought a dedicated structure for pursuing venture-capital opportunities and developing businesses outside its core telecommunications operations.

  Action taken

  Globe formed Globe Capital Venture Holdings, Inc. as a separate legal entity for corporate venture building and investment.

  Aftermath

  The entity became the legal foundation for the 917Ventures platform and its later portfolio of digital businesses.

  Source

• 2021-10-14

  917Ventures partners with 10×1000 on fintech training grants[2]917Ventures 与 10×1000 合作提供金融科技培训资助technology.inquirer.net

  Reported: 2021-10-15

  917Ventures partnered with 10×1000 Tech for Inclusion in securing 100 Fintech Foundation Program Flex grants, and opened the grants to employees of Globe and its portfolio companies.

1. 1917Venturesen.wikipedia.org
2. 2917Ventures 与 10×1000 合作提供金融科技培训资助technology.inquirer.net