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Li Auto says it will push for “major overseas growth” this year

TechNode

Global growth is among the key pillars underpinning the electric vehicle makers goals of maintaining sales momentum in 2025, chief executive Li Xiang told investors on March 14. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.

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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. Fuse claims it currently has more than 60,000 marketers or agent partners using the Fuse Pro mobile app.

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Backed by Tiger Global, Intellect is creating culturally-competent mental healthcare for Asia

TechCrunch

Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 million.

Asia 98
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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. 11) Global Goods Partners :: globalgoodspartners.org. 15) Little Market :: thelittlemarket.com. 30) UNICEF Market :: market.unicefusa.org.

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rali_cap gets backing from global VCs and launches $30M fintech fund for emerging markets

TechCrunch

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. The two-year-old VC fund invests in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. About 40% are based in the U.S.,

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

TechCrunch

This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants. “CHAI is a late comer to Korea’s digital payments market, but we saw a unique opportunity to offer value,” said Shin.

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Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay

TechCrunch

The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. million in Series A funding led by Sequoia Capital Southeast Asia.

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