SEA Digest: Green GSM ties up with PH bank; Vietnam’s BlockchainWork secures funding
Two Southeast Asian startups announced fresh momentum: Green GSM Philippines secured bank financing to scale its all-electric ride-hailing operations, while Vietnam’s BlockchainWork closed an additional seed round to grow its Web3-focused recruitment platform.
Green GSM inks financing deal with PNB
Green GSM Philippines has obtained a 2-billion-peso (approximately $32 million) credit facility from Philippine National Bank (PNB) to accelerate the expansion of its all-electric ride-hailing business in the country.
The facility is part of a broader strategic collaboration between Green GSM and PNB that spans financial and digital banking services. Beyond the credit line, PNB will support Green GSM’s driver network with digital account management and payment solutions via its corporate banking platform and digitized onboarding.
Green GSM operates an all-electric ride-hailing platform powered by VinFast vehicles and has been steadily growing through partnerships with local firms and financial institutions. The company previously partnered with Xentro Group in 2025 and has rolled out the Green Xentro fleet in Rizal. Green GSM said it is building a long-term operating ecosystem in the Philippines by integrating technology, implementing standardized operating systems, and deploying professionally trained drivers.
BlockchainWork raises seed funding
Vietnam-based BlockchainWork, a recruitment platform focused on blockchain and Web3 roles, has raised nearly $142,000 in a Seed 2 round from four Japanese strategic investors. Three of these backers also participated in the company’s 2024 Seed 1 round, which brought in $87,000. The investors were not disclosed.
Founded in 2021 and headquartered in Ho Chi Minh City, BlockchainWork connects employers with candidates across both technical and non-technical positions in the blockchain ecosystem. The company reports a network of more than 20,000 candidates and over 300 corporate and educational partners.
Proceeds from the latest round will be used to scale its candidate and employer base, develop AI-driven recruitment tools, and deepen partnerships across Asia, with a focus on Japan and Singapore.
