SEA Deal Ticker
Secondhand phones cross the sea: Malaysia's 3cat raises US$4M to open in the Philippines
Foxmont Capital Partners led the Series A, with the Asian Development Bank and Golden Gate Ventures. 3cat sells refurbished phones with a 12-month warranty through more than 20 Malaysian stores; the Philippines is its first foreign market.
Positive-sum angle: Filipinos bought 18.4 million smartphones in 2025. A Manila used-phone seller who trades on trust alone now faces a chain offering a warranty, returns and instalment payments.