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Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.
The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and other strategic partners. The Seoul-based startup announced today it has raised a $60 million Series B.
Today Carsome Group , one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. of iCar Asia from Malaysia internet conglomerate Catcha Group. The roadmap to startup consolidation in Southeast Asia is becoming clearer.
Based in Hong Kong, Finverse ’s ambitious goal is to enable open banking throughout the Asia-Pacific region. Finverse wants to do the same thing for the Asia-Pacific region by building dependable APIs and data integrations. “At Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era.
The arc of success for digital fundraising has just begun. Second, the popularity of social networking is steady and continues to spread globally, but messaging apps such as WhatsApp, LINE, and Snapchat are emerging as powerful digital communities. Only 3% of charities rate their board and executive leadership as being digitally savvy.
million in Series A funding led by Sequoia Capital Southeast Asia. It is also partnered with Standard Chartered, the British multinational bank, to offer digital escrow services. The funding will be used to scale Tazapay’s business in Asia and expand in regions like the Middle East and Europe.
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
The recently formalized Memorandum of Understanding (MoU) between Singapore’s major tourism stakeholders and Weixin Pay marks a milestone in cross-border digital tourism development. The collaboration builds on Tencents strategic interest in the region.
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. After leaving Lazada, he spent several years living in Indonesia, where he saw how the country could benefit from more digital financial inclusion.
Singapore-based TreeDots , which says it is the first food surplus marketplace in Asia, wants to help. In Asia specifically, TreeDots’ team says this is usually because of inefficient supply chains or aesthetically “imperfect” foods. TreeDots also helps them digitize their operations through its app and onboard to TreeLogs.
Now Thoughtfull , another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. Thoughtfull marks Sheares’ first investment in mental healthcare in Asia. Sheares is a wholly-owned subsidiary of Temasek. Its app is available in 11 languages.
H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee. There are currently about 16.4
Founded by two insurance industry veterans, Eazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently.
In the coming decades as wealth rises in Asia, so will philanthropy and with it a second wave of online activism and giving. First-time access the mobile internet is exploding across Asia, Africa, Latin America, and the Middle East and in Europe, North America, and Australia, the mobile web has surpassed desktop. billion by 2050.
The software enables HR teams to digitize employee records, automate administrative tasks like employee onboarding and time-off management, and integrate employee data from different systems. He added that “Singapore is possible the most mature market in Southeast AsiaAsia in terms of software/cloud adoption and willingness to spend.
Its new funding will be used to add more warehouses and transport operators to Locad’s network and on hiring in Southeast Asia and Australia, with the goal of building the region’s largest network of warehouses over the next five years. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.”. Africa’s digital opportunity. Here are a few interesting points from the newly-launched report.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. The Electronic Frontier Foundation is the leading nonprofit organization defending civil liberties in the digital world. Perfect gifts for the nonprofit techie!
The onset of the pandemic has led to increased demand for digital banking options across customer income groups around the world. We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. TymeBank , a South African digital bank, announced today that it has secured an R1.6
Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. Together, digital communications inspire 74% of donors to give. 16) Asian donors are primarily driven by digital communications. View: Giving Trends in Asia Data Sheet.
Easy Eat AI offers an operating system for restaurants that lets them digitize all parts of their business, from inventory and customer orders to delivery, and gain AI-based data analytics to improve revenue. Many food and beverage businesses started digitizing orders and payments so they could offer deliveries during the COVID-19 pandemic.
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. Additionally, the city state’s strategic location at the crossroads of major shipping lines and air routes connects large parts of Asia to the rest of the world, making it a global logistics hub,” he added.
million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region. . CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia.
Based in Hong Kong, Coherent helps insurance providers go digital. The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic.
Furthermore, 94% of donors support NPOs and NGOs investing more financial resources into digital communications in order to stay relevant. 16) In Asia, religious giving is more diverse than any other region in the world. 57% of religious giving in Asia is online. 13) Donors worldwide are very supportive of NPOs and NGOs.
The digital asset space is still trucking along, while there were some big headlines, the week was arguably a little less chaotic (for now). PT, subscribe here. Check out what caught our attention below.
million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. The startup is currently working with 30 credit institutions, including digital lenders, micro-finance institutions and banks. million, having realized $800,000 in a seed round last May.
With an eye on reversing that trend, they created Monterrey-based Parrot in April 2020, and in 2021 launched with ParrotConnect, its point-of-sale software for restaurants enabling them to digitize and take advantage of the home delivery boom to accelerate growth. Tech in Mexico: A confluence of Latin America, the US and Asia.
InstaCarro , a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. CEO Luca Cafici started InstaCarro after having co-founded a car classified startup in Asia with Rocket Internet. Notably, U.S.-based Chehaoduo in India and Carro in Indonesia. . to the U.K.,
According to Nikkei Asia, Intel plans to raise prices on flagship products such as consumer and server CPUs, Wi-Fi chips, and controllers this autumn. It's expected that the hikes will vary based on the item, ranging from single-digit increases all the way up to 20%.
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. Europe and Asia, including Michael Novogratz’s, participated in the round. Omnibiz gets $3M to digitize Nigeria’s informal B2B supply chain. In fact, it might be the second-best thing after fintech at the moment.
Komunal digitizes rural banks, called BPRs (Bank Perkreditan Rakyat) through its DepositoBPR platform, which lets users make deposits and apply for loans digitally without needing to visit their bank’s physical location. Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia.
TPG invested in the startup through its TPG Capital Asia, its Asia-focused private equity platform. “Our clients are all looking to digitize their businesses and offer more personalized solutions to their customers,” he said. helps firms improve investment decisions, Eugenie.ai
Lakhani said that NayaPay is leading a digital payment revolution in Pakistan , a cash-heavy economy, where only 1% of $4 trillion payments are done electronically. They also plan to introduce other digital financial services like lending and investment in future. “We This is in a country of 220 million people.
as well as many other users across Latin America and Asia. Its deployed by governments and conservation organizations in 76 countries and 650 protected areas, including nearly every national park in Africa, about a dozen state fishing and wildlife departments in the U.S., Featured video courtesy of Conservation X Labs.
Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia. Apart from e-wallet, we are an agent-based payment and remittance service provider.
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. Predicting the next wave of Southeast Asia tech giants.
Analysts from Microsoft Threat Analysis Center highlighted the campaign in a report titled 'Digital threats from East Asia increase in breadth and effectiveness.' Read Entire Article
Samsung is rolling out Digital Key support for Polestar's SUV in North America, Europe and Asia starting this month. You can use the Digital Key to lock, unlock and start a paired car using a supported Galaxy device (S20, Z Fold 2, Z Flip 5G and later).
We’re thinking of how do you make the experience of buying a home or investing a one-stop shop where you can do everything digitally.”. It’s like 100 steps, you have to sign in blue ink on paper, at the bottom of every page. Divvy Homes secures $110M Series C to help renters become homeowners.
According to Nikkei Asia, the new companies will include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Service Group, Cainiao Smart Logistics, Global Digital Commerce Group, and Digital Media and Entertainment Group. Read Entire Article
A startup that is aiming to digitize millions of neighborhood stores in Bangladesh just raised the country’s largest Series A financing round. million such mom-and-pop stores in the country and the vast majority of them have no digital presence. Dhaka-headquartered ShopUp said on Tuesday it has raised $22.5 There are about 4.5
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