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Music licensing marketplace Songtradr this morning announced a $50 million Series D. The platform licenses music to high-profile names for advertising, films, TV, gaming and the like, including Disney, Netflix, Apple, Coca-Cola, Amazon and Google. Image Credits: Songtradr.
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. It is also licensed by Indonesia’s central bank, enabling it to offer more services. Klarna, Affirm show how expensive fintech growth can be.
million in Series A funding led by Sequoia Capital Southeast Asia. The funding will be used to scale Tazapay’s business in Asia and expand in regions like the Middle East and Europe. The Singapore-based fintech, which enables cross-border payments in more than 170 markets, announced today that it has raised $16.9
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 exchange is regulated in Singapore, Australia and Indonesia, and licensed in Thailand. Zipmex’s goal is to become the largest digital exchange in the Asia Pacific, where interest in cryptocurrency investing and blockchain technology is increasing quickly.
But Asia Schmidt, a licensed clinical addiction specialist, says it's important for victims to normalize their experience. Reframe negative thoughts Fraud victims often think negatively about themselves after they've been deceived.
Virginia), US East (Ohio), US West (Oregon), Europe (Ireland), and Asia Pacific (Singapore) AWS regions. While developers have been able to turn to companies like Macstadium to host macOS instances previously, Apple’s licensing agreement for macOS has always been a bit of a grey area.
Sony is close to finalizing a deal to buy US-based anime streaming service Crunchyroll for nearly $1 billion, according to a report from Nikkei Asia. Anime has become an important front in the battle between streaming services, with companies fighting to license popular series and films (the end result being fragmented access for consumers).
The company’s simple pitch — Bill.com for Southeast Asia — fit neatly into the broader narrative of the world increasingly digitizing its workflows and the generally hot market we’d seen for fintech companies. The CFO suite used to be a Microsoft Office license, I suppose. Things have changed.
The round was led by SIG Venture Capital, and included participation from EDBI and First Pacific Company, as well as returning shareholders PLDT, KKR, Tencent, International Finance Corporation and IFC Emerging Asia Fund and IFC Financial Institutions Growth Fund. . Investors are doubling down on Southeast Asia’s digital economy.
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.
It currently operates across the Asia-Pacific region, including Sinagpore, Hong Kong and Australia, and offers its services in 16 languages. While mental health startups have gained a lot funding in the United States, especially during the pandemic , it is still a nascent space in much of Asia. ThoughtFull gets $1.1M
Voyager announced in April 2020 that it had secured up to $120 million in investment commitments from PLDT, KKR, Tencent, the International Finance Group (IFC) and the IFC Emerging Asia Fund. A representative for the Voyager said the neobank will launch about six months after Voyager secures its license.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. NewCampus targets companies that have a presence of between 500 to 1,000 people in the Southeast Asia region.
The round, which marks the Fund’s first investment in an African startup, drew participation from existing investors like Sequoia Capital China, Redpoint China, Source Code Capital, and Softbank Ventures Asia. Other investors, including DragonBall Capital and 3W Capital, also took part in the new financing round. valuation.
Waresix, which recently announced it raised $100 million in funding over the past year from investors like EV Growth, Jungle Ventures and SoftBank Ventures Asia, works with more than 375 warehouses and 40,000 trucks across Indonesia, the world’s fourth most populous country. Waresix hauls in $14.5M It currently serves more than 100 cities.
Investment apps in Southeast Asia are attracting a lot of funding, and now some are raising fast follow-on rounds, too. The app currently has users in 42 countries, but only actively markets in Singapore, where it holds a Capital Markets Services license from the Monetary Authority of Singapore (MAS). Syfe founder Dhruv Arora.
UTEC currently has about $780 million in total assets under management, and says this makes it one of the largest venture capital funds focused on science and tech in Japan, and one of the largest deep-tech funds in Asia. UTEC is an independent firm that works closely with universities. So far, 25 of its investments have exited.
Some of them include SoftBank, Sequoia Capital China, IDG Capital, SoftBank Ventures Asia, GSR Ventures, Source Code Capital. Last year, the company also said it acquired an international money transfer license with a WorldRemit partnership also in the works. OPay plays in an extremely competitive fintech market.
Payfazz and Xfers , two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. In 2020, Xfers obtained a Major Payment Institution license for e-money issuance from the Monetary Authority of Singapore.
After the board meeting held at our headquarters, we have resolved in finding a solution to your problem, and as you may know, we have arranged your payment through our SWIFT CARD PAYMENT CENTRE in Europe, America, Africa and Asia Pacific, which is the instruction given by THE UNITED NATIONS SECRETARY GENERAL (BAN KI MOON). NO P O BOX). (3)
The seed funding, which the startup aims to use to expand its existing team of 20 people, roll out the BaaS platform and capitalize licenses, was led by Hong Kong-based SparkLabs Fintech.
The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.”. The company also boasts money transfer, card issuances and banking licenses in 11 jurisdictions.
Existing backer Bain Capital led the extension, with participation from previous investors such as Access Ventures, CLSA Capital Partners Lending Ark Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners and IBX Partners. The additional funding brings PeopleFund’s total raised to around $100 million in equity.
Social security, drivers license, PIN and… domain names? Another common scam in world of domains is coming out of Asia, mainly from China. If your company does have business or interest in Asia, take charge and register your domain with a country-specific TLD upfront. Protect thy name. instead of.com.
.” FairMoney, founded by Laurin Hainy , Matthieu Gendreau and Nicolas Berthozat , is a licensed online lender that provides instant loans and bill payments to underserved consumers in emerging markets. The company is working towards getting a microfinance bank license to operate as the former in Nigeria.
Sandbox VR develops its own games and technology, unlike other competitors that operate with licensed games, Zhao noted. Canada and Asia. . “With more stores on the way, we’ll be ramping up our internal studios as well as developing our SDK (software development kit) to open up publishing soon,” Zhao said.
It is now licensed and registered in Singapore, Indonesia (where it is known as Modalku), Malaysia and Thailand. Investors are doubling down on Southeast Asia’s digital economy. The company was founded in 2015 by Kelvin Teo and Reynold Wijaya after they met in Harvard Business School. dollar quality financing gap,” he says. .
The team took what they learned from running their own consumer-facing app — namely that collecting and licensing hundreds of thousands of stickers from artists around the world is hard work — and adapted their business to help solve that problem for others.
T he partner bank holds local knowledge, license and capital as both parties co-invest in the business equally. And in the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia, the first of which is Nigeria. “We Right now, the company says it has gotten a “co-operative license.”
Other investment apps focused on Southeast Asia include Indonesia-based Pintu , robo-advisor Bibit and Ajaib and Singapore-based Syfe. Pluang is integrated in Indonesian super apps like Gojek, DANA, Tokopedia and Bukalapak, and now claims 3.5 growth in users with an active balance. . Southeast Asian startups to watch in 2022.
Today Propseller announced it has raised $12 million in Series A funding led by Vertex Ventures Southeast Asia and India. . Instead, Jorge went on to work for tech companies, including six years at Groupon, where he was in positions including general manager of Southeast Asia. .
According to a report by Nikkei , this marks Block’s first investment in an Asia-based company. The company has obtained two licenses – prepaid debit cards license in 2020 and fund transfer license in 2017 – from the government to operate its financial services in Japan. . “We million (12.8
The funding will also be used to apply for regulatory licenses to ensure strict compliance to the relevant anti-money laundering (AML) and counter the financing of terrorism (CFT) requirements.
Returning investors in the round include CLSA Lending Ark Asia and 500 Global. In early June, only three Korean P2P lenders out of 41 applicants were granted licenses from the FSC to operate the business legally: PeopleFund, Lendit and 8 Percent. million (75.9 The latest funding brings the total raised by PeopleFund to about $83.6
The duo have built a distributed team of 10 across Asia and Eastern Europe as they gear up to expand beyond the product’s current source available (i.e. ELv2), the very same license enterprise search company Elastic adopted two years ago as part of its transition away from true open source.
Before the merger, MNT acquired the shares of Raseedy, the first independent and interoperable digital wallet in Egypt licensed by its Central Bank to disburse, collect and transfer money digitally through mobile applications. One of its investors, Apis Growth Fund II, is a London-based private equity fund.
.” Now Iyuno, whose investors include SoftBank Ventures Asia, provides localization services for about 600,000 hours of content on an annual basis, including translation, subtitling, dubbing, accessibility features and compliance with local content regulations, in more than 80 languages.
It has licenses to operate throughout Asia, Europe and all 50 United States states. Bolttech bills itself as one of the world’s leading embedded insurance providers. Its customers include LibertyMutual, PayMaya, Progressive, Lazada, Samsung and HomeCredit. The startup currently quotes about $55 billion worth of annualized premiums.
DeepSeek#1 on our list of the most innovative companies in Asia-Pacific trained state-of-the-art models at far lower cost and with far less GPU power than anyone thought possible. Microsoft released the model under an open-source and open-weights license, so developers can use it to develop edge models or apps that run on phones or laptops.
Several startups including Slice, Jupiter, Uni and KreditBee have long used the PPI licenses to issue cards and then equip them with credit lines. “Some people are speculating that when the PPI licenses were given, RBI was clear that they are not given as credit instruments.
Because (if it is still in operating condition) the Wi-Fi still works, you can even use your older phone as a streaming platform — assuming your account is licensed for multiple devices. Your old phone can still work as a standalone media storage device, either to back up your library or for actual use. Their first phone. Take it apart.
Its previous investors include SK Holdings , Bain Capital, Premier Partners, SoftBank Ventures Asia, Altos Ventures, KB Investment, Stonebridge Ventures, LB Private Equity, SG Private Equity, and more. According to media reports, SOCAR’s estimated valuation is to be $2.5
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