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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 startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.

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Southeast Asia farm-to-table startup Secai Marche raises Series A

TechCrunch

Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. Spiral Ventures Asia Fund I and Beyond Next Ventures. This brings the startup’s total raised so far to $4.5

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MAGIC Fund raises $30M to scale its global founders-backing-founders fund

TechCrunch

However , some venture firms have taken this up a notch by bringing founders to create a fund and invest together. Since the firm’s first fund launched in 2017, MAGIC has invested in 70 companies at pre-seed and seed stages across these emerging markets. MAGIC Fund has 12 founders who act as general partners.

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African fintech OPay valued at $2B in SoftBank Vision Fund 2-led $400M funding

TechCrunch

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The new financing also comes two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November.

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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. It brings CHAI’s total funding to $75 million, including a $15 million Series A in February.

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Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay

TechCrunch

million in Series A funding led by Sequoia Capital Southeast Asia. Other participants included EscapeVelocity, PayPal Alumni Fund and angel investor Gokul Rajaram. The funding will be used to scale Tazapay’s business in Asia and expand in regions like the Middle East and Europe.

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64 Online Stores That Benefit Nonprofits and the Greater Good

Nonprofit Tech for Good

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. 100% of profits help fund Surfrider’s mission to protect the world’s ocean, waves and beaches. 32) World Wildlife Fund Gifts :: gifts.worldwildlife.org.

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