In the Philippines, mobile phones outnumber PCs three-to-one, and with a limited budget, fewer people are buying PCs. Inevitably, the Internet’s future is mobile. However, low credit card penetration makes eCommerce in the country nearly impossible – reducing accessibility to mobile phone content (i.e. messaging applications, info-on-demand applications, and games). Recognizing this and with only US $1,500 in capital, Nix Nolledo left the corporate world and founded Xurpas, a venture that provides consumers across Southeast Asia with the most innovative and relevant mobile content and services that can be purchased using airtime credit.
Xurpas was not, however, Nix’s first foray into entrepreneurship. Prior to Xurpas, Nix established an online forum called Pinoy Exchange, using just US$200 of personal savings, which flourished into the country’s largest online community in two years. Even at the early age of 11, while others played during recess, Nix voraciously read Fortune magazine and made calls to monitor his own brokerage account. His elementary school teachers confirm that he is the country’s youngest stockbroker. Nix’s entrepreneurial spirit helped him lead Xurpas in securing distribution agreements with the country’s leading telcos, allowing Xurpas to reach every mobile subscriber. On December 2014, Xurpas became a publicly-listed company on the Philippine Stock Exchange with a market cap of US$150 million. It is the second company in the history of Endeavor globally to IPO prior to the selection process.
As the poster child of entrepreneurship in the Philippines, Nix is a central player in the ecosystem. He is committed to mentoring and encouraging others to consider entrepreneurship as a long-term career opportunity. Putting his money where his mouth is, he has made 39 angel investments in the region over the past five years. Nix's accomplishments in the field of entrepreneurship was recognized in 2015 when he was awarded Ernst & Young's Entrepreneur of the Year for the Philippines as well as receiving the TOYM (The Outstanding Young Men) award for Business. Endeavor has been critical in helping Xurpas identify acquisition targets in markets abroad and supporting Nix’s goal of publicly listing his company on the NASDAQ.