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Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. The $30 million total it has raised include its seed funding and Series A, which according to a July 2020 profile in Esquire Philippines was $14 million.
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. It also plans to build a department that engages sari-sari stores and provides additional services with parters, plus build an open platform for financial institutions and brands to connect directly with sari-sari owners.”.
According to the DEC (disaster emergency committee) , a UK based coalition made up of 14 charities who band together in times of crisis, 6 million british pounds were raised via mobile donations after the Philippines was rocked by the typhoon that occurred earlier this year. Ensure donors can access donation screens quickly.
Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform. Since launching seven months ago, klikit’s SaaS platform, klikit Cloud, has been used to service more than $2.8 Many kitchens handle this by juggling several devices at a time, one for each app.
Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. Concio told TechCrunch that there are currently about 40,000 resellers on Resellee’s platform, and each has an average of about 20 buyers.
One such platform that is helping consumer brands leverage their data to grow is Gameball , a customer intelligence and marketing CRM platform, that was launched in 2020 by egyptian entrepreneurs Ahmed Khairy (CEO) Ahmed El Assy (CPO), and Omar Alfar (CTO). Gameball’s expansion drive is backed by a $3.5 Image Credit : Gameball.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform.
The funds will be used to enter new regions in the Philippines and expand its financial products. GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent. million “mom and pop” stores in the Philippines. .
Philippines-based Plentina , a buy now, pay later startup focused on emerging markets, announced today it has raised $2.2 The new capital will be used to speed-track Plentina’s growth in the Philippines, expand its product and start exploring launches in other countries, including Vietnam. seed round.
Ancient8 , Vietnam’s blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards. “We Andreessen Horowitz invested in the Philippine-based crypto gaming guild YieldGuildGames last year.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. Railsbank raises $10M Series A for its open banking and compliance platform.
Among a variety of justice system-strengthening projects around the world, IJM specifically focuses on ending impunity for online sexual exploitation of children in the Philippines, a global hotspot for the trafficking of children to produce new CSEM through livestreaming video on popular video chat platforms.
The startup built a back-end operating system platform that handles everything from incorporation, government, accounting, taxes and visas to regulatory compliance. and the Philippines. Corporate services platform Sleek lands $4 million in new funding. based SMEs.
The company says this is the largest Series A raised by an esports organization in Southeast Asia, based on data from PitchBook and other third-party platforms. The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. .
Brankas’ platform offers a roster of more than 10 “banking-as-a-service” embedded APIs, including ones for opening online bank accounts, credit scoring, identity verification, e-commerce transactions and gig economy payments. Founded in 2016, Brankas goal is to “democratize access to financial and identity data.”
She discovered that many people she talked to in emerging markets were creditworthy but lacked immediate access to credit and quick loans. To add to that, over 2 billion of these people have limited access to financial services and working capital per World Bank statistics.
The Series A round was led by Altos Ventures, with participation from BonAngels Ventures Partners, Access Ventures, Mahanusa Capital, Prodigy Investment, and Pearl Abyss Capital. ” Plugo, an e-commerce support platform for D2C brands in Southeast Asia, picks up $9M Series A by Kate Park originally published on TechCrunch.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. As with that earlier Series A, Aldagram is not disclosing details of its valuation. It currently employs 60 people.
Being “underbanked” doesn’t mean that someone lacks access to financial services. But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools.
Singapore-based Bot MD helps save time with an AI-based chatbot that lets doctors look up important information from their smartphones, instead of needing to call a hospital operator or access its intranet. The startup announced today it has raised a $5 million Series A led by Monk’s Hill Venture.
The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. Most users are unbanked and the underbanked population with limited access to basic financial services,” Thamavaranukupt said.
But this means fintechs need access to large amounts of data that they can use to verify customer identity, creditworthiness or aggregate information from online accounts. Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia.
According to a statement, the company seeks to “disrupt traditional centralized credit infrastructure by providing individuals, businesses and developers with the tools to access credit” via blockchain technology. The core principle for blockchain centers on the ownership of assets, including money and financial data.
If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. The company launched in 2018 along with Gushcloud International, an influencer marketing firm.
According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. Jeff ’s loan brokerage platform was created to make it easier for financial service providers to integrate alternative data scoring, allowing them reach more potential borrowers.
Today, most lending platforms rely on an end user’s existing crypto collateralization to deem whether they’re a safe bet for a loan. to make their case to lenders operating on the protocol and get access to funds while showing non-crypto collateral. African crypto usage spurs Luno as customers reach 7M.
The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than $2 billion in financing to MSMEs since it launched in 2015. It recently began operating in Vietnam and will use part of its Series C+ to enter the Philippines. .
Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency. After that, they can deposit cryptocurrency from their own wallets or another crypto platform by making a transfer to the displayed crypto wallet address on Pillow.
Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. ” Xendit was originally launched as a P2P payments platform before evolving into its current model. billion in payment value annually. ” It is also eyeing other markets.
Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. The two say current internet infrastructure is the main reason so many people lack reliable internet access. Transcelestial plans to enter the U.S.
Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed. It’s important not to confuse this Pomelo with another Pomelo, a fintech-as-a-service platform for Latin America that has raised $9 million in funding. ) Oh, fintech.
SwipeRx , a platform for pharma professionals, said Tuesday it has secured a $27 million Series B round led by Indonesia’s MDI Ventures, with participation from the Gates Foundation, Johnson & Johnson Impact Ventures, Susquehanna International Group and existing backers. Image Credits: SwipeRx.
Founded by fintech veterans last year, Brick develops APIs that make it easier for tech companies to add identity verification and access financial data from their users. More than three-fourths of Southeast Asia’s population is unbanked or underbanked , meaning that don’t have a bank account or access to traditional lending services.
This inspired him to co-found Locad , a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.”. TechCrunch last covered Locad when it raised its $4.5 million seed round in 2021.
It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. Some other startups that target SMEs include earned wage access and payroll management platform GajiGesa and Wagely.
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. About 175 credit unions are licensed in Kenya to serve nearly 4.1
Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero. Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. Employment Hero also renewed its partnership with SEEK, which means the platform includes SEEK job ads in Southeast Asia.
Based in Jakarta, IDEAL simplifies the process with a platform that lets users compare mortgage products and apply for them from multiple banks at the same time. There are a number of reasons for this, but one key reason is the absence of good, accessible options when it comes to lending products.”.
Before starting Nestcoin, founders Yele Bademosi and Taiwo Orilogbon led the charge at Bundle Africa, one of the continent’s well-known crypto trading platforms. With Bundle incubated within the ecosystem of the largest crypto exchange platform, Bademosi had lofty ambitions for the company.
It does this by accessing the cheapest mobile/cell numbers available in each market with the thinnest of telco offerings. The platform allows businesses to receive OTP / SMS and Calls as well offering a Team solution so that employees can also attend to WAB messages without needing to reveal their phone number.
The latest is Acquco , which aims to stand out from the others in that it was formed by a pair of founders — Raunak Nirmal and Wiley Zhang — who actually worked at Amazon, and then built multimillion-dollar businesses on its platform. Forming Acquco was not an overnight story, but rather was years in the making. “My
NewCampus is an online, live learning platform that hopes to train rising managers within hyper-growth organizations. While first describing itself as a membership gym for learning experiences, the 2019-founded startup raised capital to further invest in its latest iteration: an up-skilling platform for SMBs.
Both Payfazz and Xfers are Y Combinator alums, and want to make financial services accessible to more Southeast Asians, even if they don’t have a bank account. Fazz Financial Group also appointed as its chief financial officer Robert Polana, who previously held the same role at booking platform Tiket.com.
. “We want to help and empower the banks, who are our clients, to lend better, lend completely on a digital platform and improve on all parameters,” said Venkatesh. The startup also has a platform called GoNoGo in its catalog that helps banks ascertain whether a loan should be given to a customer once they get their application.
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