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Li said many experienced personnel had been moved into the new team early this year, adding that the company is confident it will make significant progress in the overseas market this year. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.
Mental wellness startup MindFi operates throughout APAC, but wants to deliver “culturally competent” care in each of its markets. It currently operates across the Asia-Pacific region, including Sinagpore, Hong Kong and Australia, and offers its services in 16 languages. MindFi is among a cluster of startups working to change that.
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.
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.
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. Intellect describes this as “the largest venture round raised by any mental health company in Asia.”
Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. AWS remains in firm control of the cloud infrastructure market. It recently closed a $1.4
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. In terms of competition, Chan said he sees two categories: local payroll software and imported software from overseas. He added that Rippling and other top U.S.
With its subscription-based legal services platform, Lawpath wants to become the Asia Pacific’s LegalZoom (in fact, LegalZoom is one of its investors). million USD) to expand into new markets, including upcoming launches in New Zealand and Southeast Asia. The company announced today it has raised $7.5 million AUD (about $5.5
V2Food is one of many new contenders in the alternative protein space, founded in Australia but now setting its sights on Europe, Asia and beyond. The company has seen strong uptake in its home market, and the first goal is to be No. The company has seen strong uptake in its home market, and the first goal is to be No.
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.
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.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID Teams that have been hit hardest include operations, financial and human resource departments, plus some sales and marketing teams. among those affected.
The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia. Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. .
Asia relations. Mexico has been known as an up-and-coming tech hub and a gateway to the Latin American market. Asia-LatAm nexus. Asia-LatAm nexus. This makes sense because the market conditions in Mexico and other parts of LatAm resemble China, India and Southeast Asia more than the U.S. Asia-LatAm nexus.
The startup has aspirations to become Outschool of Asia. “The education market in the English-speaking and North American regions is undoubtedly large, but we [at Glorang] understand that each country’s local D2C education market in Asia can be just as substantial,” Hwang said. billion in 2019.
Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms.
A startup called Peeba has built a B2B wholesale online platform that connects independent retailers across Asia with unique brands around the world. The Hong Kong-headquartered company wants to help Asia-based B2B retailers reduce inventory risk and offer higher operational efficiency with lower costs via its platform. .
Venture capital activity in Europe and Asia saw a strong return to form in Q3, data indicates. The two continents enjoyed more venture capital investment into their local startups than in some time, underscoring that strong VC results the United States saw in the third quarter were not a fluke, but part of a broader trend.
In Southeast Asia, for example, a growing list of startups is increasing access to mental healthcare and support. million USD in seed funding, which it says one of the largest seed rounds raised by a digital mental health startup in Southeast Asia so far. to expand across Asia. Morgan in Hong Kong.
Breaking into Asias diverse and dynamic markets has never been more critical or more competitive. For companies eyeing international growth, access to the right networks, market insights, and strategic partnerships can make all the difference.
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. Danggeun Market launched Karrot in Canada and the U.S.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. The startup looks to challenge e-commerce players like Shopify in Southeast Asia. “I
Influencer marketing is one of the fastest-growing and one of the most impactful media channels today. Marketers have now realized that their customers trust the recommendations of people they relate with. AIfluence is a two-year-old startup with an AI-driven influencer marketing approach to measuring these campaigns.
Mark Barron is the head of Taylor Wessing 's market-leading technology and life sciences inward investment team, and advises North American companies on how to translate their domestic success to new jurisdictions and cultures and to thrive as global businesses. Mark Barron. Contributor. The current circumstances have exaggerated this trend.
that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. In November 2021, Fintech Farm launched in its first market, Azerbaijan. million in seed funding.
The funding was led by Asia private equity firm TGVest Capital. “We We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In million travelers. In Japan alone, we added 35,000 new activities.”.
Local payment methods account for 68% of online sales, and, depending on the region and merchant networks, merchants must integrate dozens of payment service providers. market, it might seem impossible for a payment orchestration startup to succeed in the fragmented markets of Latin America.
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.
Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia. About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Enterprise project management and team collaboration unicorn monday.com is digging deeper into the Asia-Pacific region with the opening of its new regional headquarters in Sydney. It also has local channel partners like Work Perfect and Upstream. The number of its customers in Australia and New Zealand grew 122% year-over-year.
As startup funding increases around the world, The Exchange has poked its head into markets as far-flung as Southeast Asia , Europe , Africa , Latin America and elsewhere. The Exchange explores startups, markets and money. Wherever we looked, we’ve found venture capital flowing in record quantities.
In emerging markets like Africa , offline channels dominate retail sales, which are often driven by informal trade and cash transactions. This makes sourcing data on markets, consumer behavior and products a herculean task. Rutakangwa also says they are available in other markets like South Asia and Latin America.
In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate.
It highlights important events in the continent’s tech ecosystem until this point, compares its journey with other emerging markets and provides guidance into the opportunities within various sectors. The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050.
Europe and Asia, including Michael Novogratz’s, participated in the round. The founder says Ibadan was the ideal market to establish its headquarters because informal retailers in the region experience these challenges more than those in Lagos. The company is announcing a $10.5 FJ Labs and several family offices from the U.S.,
Indonesias trade officials said Temus business model conflicts with local government regulations, which require a distributor or intermediary to be present in the product’s journey from factory to consumer.
PDD-owned Temu made a quiet debut in the Philippines this past weekend, its first Southeast Asia destination, bringing the budget shopping app into head-to-head competition with Chinese counterparts Lazada and TikTok Shop. Boston-headquartered Temu works with different third-party logistics providers for local delivery.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 kW) and 2 times the range (100 km versus 50 km) of most electric motorbikes in the market, at the same price point. Son Nguyen, founder and chief executive officer of Dat Bike.
Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”. Digital payments in most Southeast Asian markets are extremely fragmented, with consumers using everything from digital wallets, buy-now-pay-later services and virtual accounts to traditional debit and credit cards.
The company launched in 2018 along with Gushcloud International, an influencer marketing firm. We have our own supply chain and we have the power to distribute brands across Asia via our social commerce and live distribution platforms. It also provides data points like pricing and demographics to create new brands and market them.
The Bangalore-based company announced today it has closed a $75 million Series C from LeapFrog and Khosla Ventures, with plans to grow its user base in India, Southeast Asia and North America. Since HealthifyMe began operating first in cost-sensitive markets, it started using AI early on to scale efficiently, Vashisht said.
The cell-cultured chicken will eventually be produced under Eat Just’s new GOOD Meat brand through partnerships with local manufacturers and go on sale to restaurants before it is available to consumers. There are several factors driving demand for cultured meat and plant-based protein in Asian markets.
TechCrunch spends time each quarter covering the startup markets of the world. We look at aggregate numbers and dig in more closely to areas like Latin America , Asia , Europe , Africa and more. The Exchange explores startups, markets and money. The North American market is perhaps the most active startup region in the world.
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