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12% prefer to give by bank/wire transfer, 10% by direct/post mail, 10% via PayPal, 8% in cash, 2% via digital wallet, 2% by text-to-give, and 1% by mobile money. 94% vote regularly in local and national elections. The data reveal how donors prefer to give and engage with their favorite causes and charitable organizations.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. Hire the right people – local and entrepreneurial. See part one here.
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.
Asia – 26%. Digital wallet payments, such as Apple Pay and Google Pay – 1%. 14) 96% regularly vote in local and national elections and 37% donate to political campaigns. 22) 85% say that NPOs, NGOs, and charities must invest financial resources in digital communications in order to stay relevant.
million in Series A funding led by Sequoia Capital Southeast Asia. Its API covers over 170 markets for card payments, and 85 markets for local payments collection, which means its customers can accept payments in different countries without having to set up local entities. Tazapay was created to solve those problems.
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.
However , there’s little noise about the corridors between Africa and other regions like Latin America or Asia. Wapi Pay , a Kenyan startup with offices in China and Singapore, is carrying out this play and has carved a market for itself by facilitating payments between both extreme remittance worlds of Africa and Asia.
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. In terms of competition, Chan said he sees two categories: local payroll software and imported software from overseas. Time off rules also vary.
From Asias tech hubs to Europes historic towns, these 10 destinations are leading the remote work revolution and offering a chance to truly engage, not just pass through. Spain Spains Digital Nomad Visa officially launched in 2023, quickly becoming one of the most attractive remote work programs in Europe.
In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate.
This context is often absent from discussions about digital financial crimes, and victims can pay an emotional price as a result, Deem says. Victims may not realize they can report fraud to local law enforcement, state adult protective services, the Federal Trade Commission , and the FBI's Internet Crime Complaint Center.
To do that, it develops programs for its app, available as an employee benefit, with local providers that take into account religion, gender stereotypes, racial representation, communication style and values, co-founder and CEO Bjorn Lee told TechCrunch. seed to make mental health support more accessible in Southeast Asia.
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. 67% volunteer locally, 9% volunteer internationally, and 56% attend fundraising events. Australia & Oceania.
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.”. For investors, it hopes to help them build local market intelligence.
Venture capital activity in Europe and Asia saw a strong return to form in Q3, data indicates. The two continents enjoyed more venture capital investment into their local startups than in some time, underscoring that strong VC results the United States saw in the third quarter were not a fluke, but part of a broader trend.
In Southeast Asia, for example, a growing list of startups is increasing access to mental healthcare and support. million USD in seed funding, which it says one of the largest seed rounds raised by a digital mental health startup in Southeast Asia so far. to expand across Asia. Morgan in Hong Kong.
A startup called Peeba has built a B2B wholesale online platform that connects independent retailers across Asia with unique brands around the world. The Hong Kong-headquartered company wants to help Asia-based B2B retailers reduce inventory risk and offer higher operational efficiency with lower costs via its platform. .
Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms.
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.
Breaking into Asias diverse and dynamic markets has never been more critical or more competitive. Navigate Local Markets Deepen your understanding of local cultures, consumer demands, and competitive landscapescritical for successful global expansion.
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
The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch. The startup looks to challenge e-commerce players like Shopify in Southeast Asia. “I
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.
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. It connects retailers to local and multinational distributors of consumer brands, like Unilever, Nestlé, Procter & Gamble, Dangote, and PZ.
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.
Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. And Southeast Asia is no exception. Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 million in a Series B led by Silicon Valley heavyweight Accel.
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. It opened an office in Bengaluru earlier this year to hire local tech talent in the nation.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,
There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion.
billion new endpoints to Visa Direct ’s digital payments network. This enables many more consumers and small businesses to send funds to markets in Africa, Asia and Latin America, where digital wallets are often the default payment method. One of Thunes’ focuses is emerging markets where there are a lot of unbanked people.
The funding was led by Asia private equity firm TGVest Capital. “We We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In In Japan alone, we added 35,000 new activities.”.
Last month, for example, her team co-led an investment in Virtually Human Studio , the startup behind a digital horse racing service Zed Run, wherein users buy, sell and breed virtual horses whose value rises depending on their performance against other virtual horses. How did you first come across this digital horse racing business?
PDD-owned Temu made a quiet debut in the Philippines this past weekend, its first Southeast Asia destination, bringing the budget shopping app into head-to-head competition with Chinese counterparts Lazada and TikTok Shop. Boston-headquartered Temu works with different third-party logistics providers for local delivery.
CrediBook , a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 Founded in February 2020, CrediBook is part of a wave of startups focused on digitizing small- to medium-sized businesses in Indonesia. Moka and Jurnal , meanwhile, are used by larger companies.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 These guys are competing with each other to put the emerging middle class of Vietnam on the digital financial market for the first time ever and as a result, we get a very favorable rate,” he said.
On Friday, BEYOND EXPO organizers invited a group of distinguished entrepreneurs for the Asia-Latam Tech Forum, aiming to explore opportunities for collaboration in business and technology, while promoting cultural exchange and understanding between Asia and Latin America.
It supports 10 digital assets, including Bitcoin, Ethereum, Solana, Polygon, Axie Infinity and USD-backed stablecoins USDC and USDT, and plans to expand to over 50 assets in the coming months. Founded in 2021 by Arindam Roy, Rajath KM and Kartik Mishra, Pillow is focused on emerging markets like Africa and Southeast Asia.
Financial services, especially those for people who don’t have access to traditional bank accounts or lines of credit, are proliferating in Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. It also plans to enter the Philippines in the third quarter.
million in pre-Series B funding, led by Headline Asia. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. In a statement, Headline Asia partner Aki Okamoto and principal Jonathan M.
The Bangalore-based company announced today it has closed a $75 million Series C from LeapFrog and Khosla Ventures, with plans to grow its user base in India, Southeast Asia and North America. When it enters a new market, the company localizes its services using a playbook. We begin by building a food database with local foods.
is an iOS App that allows users to earn points for doing things like volunteering at local food banks or animal shelters. Points can later be redeemed for deals and free items at local merchants. For example, see Plan Asia’s Flavors Page at flavors.me/planasia. Local Impact Map :: datamarket.azure.com/application.
Kuik told TechCrunch that Summer International looks for creators and influencers who have a strong connection with their audience based on engagement rates, how active they are a video-first platforms and whether they have a strong localized community and global presence.
is an iOS App that allows users to earn points for doing things like volunteering at local food banks or animal shelters. Points can later be redeemed for deals and free items at local merchants. For example, see Plan Asia’s Flavors Page at flavors.me/planasia. Local Impact Map :: datamarket.azure.com/application.
Molotov is betting on local partnerships to launch its service in new countries. In today’s case, Molotov is partnering with Digital Virgo , a mobile payments company available in 40 countries. Digital Virgo is handling the relationships with local content owners. Molotov is taking care of operations and the tech stack.
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