May 30, 2022. Bounce Mobile Systems, Inc. (BNCM) announced its partnership with Servebank Financial Inc. (SERVEBANK) to establish a Cafe Franchise across the region. The first franchise store will be open in the Philippines by 1st August 2022.

The Cafe concept started with the simple idea of wanting to provide tasty and quality milk tea, coffee, pastries, and snacks for the entire family, in a nice cozy ambiance with prices affordable to all.

According to GlobeNewsWire, amid the COVID-19 crisis, the global market for Coffee Shops estimated at US$156.9 Billion in the year 2020, is projected to reach a revised size of US$201.4 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.

Hatadi Shapiro, CEO of BNCM states, “We are happy to work with SERVEBANK to establish GIGSCAFE. As mentioned by the board, BNCM will focus on developing more revenue-driven businesses. Our team is happy to work with SERVEBANK to further expand GIGSCAFE, and in its plans for an initial public offering (IPO) in the next 5 years.”

Leila Soriano, Director of SERVEBANK states, “We are honored to have a team that has a vast experience in franchise, food distribution, digital marketing, and finance to support the development, marketing, fundraising, and future IPO plans for GIGSCAFE. Such integrated experience and networks are extremely valuable and will enable us to fast track the growth of GIGSCAFE significantly.”

Angelo Balagtas, CMO of GIGSCAFE states, “We aim to establish 200 company-owned and franchisee-owned branches in the next five years. The management will continue to monitor the COVID situation closely in its plan for new branches, and will offer delivery services in all branches to further increase in revenue potential.”