In the rapidly growing Software as a Service (SaaS) market, one Filipino startup is making waves. Twala, an innovative e-signature platform, was recently featured in Sprouts' article “On the Rise: A Glimpse of Micro SaaS Companies in the Philippines.” The feature highlights the top 10 startups in the IMPACT ’23 accelerator program, with Twala gaining attention for its blockchain-powered solution.

Twala's e-signature service, which uses Ethereum blockchain smart contracts, offers an advanced level of security. It employs cryptographic hashing to safeguard signed documents and transmit them through chained anchoring to the blockchain. This system ensures both an immutable record and a detailed audit trail for users.

With the SaaS industry projected to hit $195 billion globally this year and the Philippines expected to see $237.4 million in revenue, Twala’s rise signals the growing importance of homegrown SaaS solutions in the country’s digital transformation.