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Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

TechCrunch

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.

Asia 131
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Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia

TechCrunch

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 127
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Carsome Group will acquire iCar Asia in a deal worth $200M

TechCrunch

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.

Asia 105
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Weixin Pay expands role in Singapore tourism as Chinese visitor demand grows

TechNode

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.

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HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

TechCrunch

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.

Asia 89
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Salesforce leads $15M investment in Asian HR tech platform Darwinbox

TechCrunch

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.

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SwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast Asia

TechCrunch

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.

Asia 84