Xurpas Inc.

Xurpas Inc. is a Makati-based technology company that built its early business creating and managing mobile content, applications, and value-added services in partnership with Philippine telecom operators. Founded by Nix Nolledo, Raymond Gerard Racaza, and Fernando Jude Garcia, the company became widely known in December 2014 when it became the first Philippine technology company to go public on the Philippine Stock Exchange, listing under the ticker “X” after an IPO that raised roughly PHP 1.36 billion and was reported to be six times oversubscribed.

After its listing, Xurpas expanded into mobile gaming through its December 2014 acquisition of Singapore-based studio Altitude Games — its first post-IPO investment — and later signaled interest in applying blockchain technology across its business lines.

Xurpas remains listed on the PSE as of 2026, but its original mobile-content business has been overtaken in prominence by newer ventures under the Xurpas Group umbrella, including a 2022 move to incorporate Xurpas Software, Inc. and a 2023 move to sell its stake in Altitude Games. This entry could not independently confirm the company’s current core revenue lines or profitability.

Provided mobile value-added services, apps, and content (ringtones, games, subscriptions) to Philippine mobile subscribers through direct telco billing partnerships, at a time when most Filipino phone users lacked smartphones, credit cards, or app-store access.

Filipino mobile phone subscribers reached through telco billing relationships with operators like Globe and Smart, plus telco and enterprise clients for its mobile platforms.

Became the first Philippine technology company to list on the PSE, an unusual exit path for a local tech firm; its December 2014 IPO was reported as six times oversubscribed and was described as the first in PSE history to open trading at its ceiling price.

Xurpas remains listed on the Philippine Stock Exchange (ticker: X) as of 2026, but its original mobile-content business has been overtaken in prominence by newer ventures under the Xurpas Group umbrella. In April 2023 it moved to sell its 21.17% stake in gaming subsidiary Altitude Games (its first post-IPO investment), and in December 2022 it incorporated a new subsidiary, Xurpas Software, Inc. This entry could not independently confirm the company's current revenue mix or profitability.