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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.
Southeast Asia’s car marketplace wars are going into high drive. 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 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 partnership through the Weixin platform aims to create a more comprehensive tourism ecosystem, addressing these complementary needs.
Omni wants to be the human resources platform to rule them all—or at least all HR-related tasks. 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 Rippling and other top U.S.
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. This is one of Salesforce Ventures’ rare investments in Asia. Image Credits: Darwinbox.
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. Certainly, SwipeRx — which raised $6.3 Image Credits: SwipeRx.
Tazapay was created to combine both card and real-time payment methods as a full-stack service for merchants who sell across borders, so they only need to use one payment platform. million in Series A funding led by Sequoia Capital Southeast Asia.
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.
Then, the platform combines the data with field reports to provide a unified view of collared wildlife, rangers, enforcement assets and infrastructure within a protected area. EarthRanger platform interface. as well as many other users across Latin America and Asia. A lion detected with WPS technologies.
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.
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. Egyptian health and wellness platform Esaal raises $1.7M
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.
Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China. Endowus manages more than SGD $1 billion of pension assets on its platform.
Some of Goama’s clients have used it for promotional campaigns, while others rely on the platform, which introduces new games every week, to add a full-fledged gaming function to their app. So far, the platform has a combined total of 2.5 Goama (also known as Go Games) lets developers quickly integrate social games into their apps.
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
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. million seed round.
Logisly , a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has raised $6 million in Series A funding to help streamline logistics in Indonesia. Its platformdigitizes the process of ordering, managing and tracking trucks.
million USD) Series A led by East Ventures for product development and to expand in Southeast Asia. Smarter Health’s platform isn’t meant to replace legacy software already in use by its clients. Smarter Health is here to make healthcare accessible, affordable and accountable by providing an AI-powered interoperable platform.”.
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.
But the virtual event space continues to attract investors, at least in Asia. Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million. As countries ease up on COVID restrictions, activities are going back in person.
Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. million in pre-Series B funding, led by Headline Asia. The company also plans to develop a tech platform to allow third-parties to use its proprietary scoring models in their own native infrastructure.
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.”. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
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.
Validus , a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. . Southeast Asian lending platform Validus raises $20 million for its Series B+ round.
Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns. With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries.
Social commerce — the process of buying and selling products or services directly through social media platforms like Facebook, Instagram and TikTok — is becoming the most natural way for consumers to make purchases since people use social media and messaging apps almost every day. and other countries in Europe. trillion by 2030.
Pakistan’s embedded finance platform Neem has raised $2.5 It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. Pakistan’s Neem raises $2.5M
Cobo , a Singapore-based crypto asset management platform, raised a $40 million Series B to accelerate the development of decentralized finance as a service (DFaaS). Cobo’s DFaaS infrastructure underpins its multisignature crypto wallet platform and crypto asset custodial services for retail and institutional investors, respectively.
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. Adewale Opaleye founded Alerzo in 2018 as a last-mile distribution platform that helps retailers stock inventory directly from manufacturers.
The digital asset space is still trucking along, while there were some big headlines, the week was arguably a little less chaotic (for now). Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to keep up with the latest episodes, and please leave us a review if you like what you hear!
million in pre-Series A funding to scale up its online coding school platform. CoderSchool will use the funding to accelerate its online teaching platform growth and technology infrastructure expansion for the company’s technical education programs that guarantee employment upon graduation.
The platform is built on a trust network model where it deploys thousands of nano influencers and followers who have a natural affinity to a brand and exhibit a high emotional connection with the target audience. These markets include the rest of Africa, the Middle East and Asia. “We are at the cusp of a revolution. .
Silkhaus , a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region. . But while platforms like Airbnb have fantastically aggregated demand to meet supply in the U.S.
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 KKR invests $45M into GrowSari, a B2B platform for Filipino MSMEs. Predicting the next wave of Southeast Asia tech giants. million to its Series C round.
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.
But that’s not where the problem starts and ends: the explosion of digital content has also led to a wide number of digital counterfeiters as well. And now, the startup has raised $20 million in Series A funding to continue expanding its platform. Image Credits: MarqVision (opens in a new window) under a license.
Today GrowSari , a startup that is digitizing sari-sari stores with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total funding to $30 million. Its ultimate goal is to serve one million sari-sari stores.
The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments. Its core solution is a technology stack that is built around STACS blockchain.
Osome , a Singapore-headquartered business assistant app that digitizes accounting and compliance tasks, has raised $3 million. Osome’s platform uses machine learning-based tech to automate administrative, accounting, payroll and tax-related work. Osome’s digital business assistant.
To solve the problems of traditional electronic media, a startup in Boston, Catalog , was founded in 2016 by MIT scientists including co-founder and CEO Hyunjun Park, developing an energy efficient, cost competitive, and more secure data storage and computation platform by using synthetic DNA.
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. It definitely doesn’t need to be a bank account, it could be in a digital wallet, e-commerce platform or other service providers.”
Online learning platform Vedantu has raised $100 million in a new financing round and has become the latest Indian startup to become a unicorn following a year of strong growth. The round was led by Singapore-headquartered — and Temasek-backed — private equity firm ABC World Asia.
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