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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.
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.
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.
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.
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.” Intellect’s platform has two components.
The Singapore-based cybersecurity startup announced today it has raised $6 million in seed funding from Sequoia Capital Southeast Asia, which it will use on R&D engineering and its go-to-market plans. SquareX’s go-to-market strategy will focus on the United States, the United Kingdom and Asia first.
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. 15) Little Market :: thelittlemarket.com. 30) UNICEF Market :: market.unicefusa.org. 4) Art Institute of Chicago Museum Shop :: shop.artic.edu.
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.
Undergirding their strong conviction is a bet that India and Indonesia and other markets in South Asia will double and triple their GDPs in the next 10 to 15 years, and the public markets and tech companies stand to take a significantly broader role in that surge. The combined market cap of top-five tech companies in the U.S.
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.
According to Etienne Ng, Regional Director of Southeast Asia at Weixin Pay, Tencent, the effort began roughly two years ago, around 2023, with a partnership between Weixin Pay and the Singapore Tourism Board as China began reopening after the COVID-19 pandemic.
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. Its APIs are cover two categories: open banking APIs and payment services APIs, with the goal of building the most complete open finance stack in Southeast Asia.
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. 24) UNICEF Market :: market.unicefusa.org. 4) Art Institute of Chicago Museum Shop :: shop.artic.edu. 9) Global Goods Partners :: globalgoodspartners.org.
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment led by LeapFrog Investments. Sun King raises $260M to widen clean energy access in Africa, Asia. We are pleased to be partnering with Sun King for the next stage of their impressive growth journey.”.
We have been able to provide financial freedom through vehicle ownership for some of our customers who have finished the programme in different markets,” said Ladi Delano , co-founder and co-CEO, when asked how many drivers have managed to gain ownership of cars since using the platform. “So It is a problem faced across many emerging markets.
During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Chen says most have large sales and marketing teams, but a shortage of designers.
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.,
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 digital asset space is still trucking along, while there were some big headlines, the week was arguably a little less chaotic (for now). Check out what caught our attention below. Here are some articles on TechCrunch that caught our attention this week.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. The Series B brings Beam’s valuation up into the triple digits, says CEO and co-founder of Beam Alan Jiang who declined to provide exact numbers. .
Nikkei Asia writes that Chinese semiconductor makers are turning to Japan for used equipment in the wake of US sanctions, sending up prices in the country's second-hand market. With the worldwide chip shortage still causing supply problems across multiple industries, even older, out-of-date machines are selling fast; this has seen.
AnyMind acquired ENGAWA, a Japan-based cross-border marketing company, in January last year with its Series C proceeds. Founded in 2016 in Singapore, AnyMind expanded into Southeast Asia, East Asia, India and the Middle East through aggressive acquisitions. Mizuho Bank provided the debt facility. ” .
TPG invested in the startup through its TPG Capital Asia, its Asia-focused private equity platform. Srikanth and Pranay have built a highly respected and market leading company, and we are excited to partner with this proven management team to continue to enhance Fractal’s organic and strategic growth.”
Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
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.
According to a new report by Nikkei Asia, Japanese authorities are poised to toughen their antitrust regulations, posing a significant challenge to incumbents in the mobile market. Read Entire Article
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.
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.
This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Its focus on Southeast Asia comes as homegrown banks, like Singapore’s DBS Group Holdings and Indonesia’s Bank Central Asia gain on MUFG in market cap.
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.,
The Exchange explores startups, markets and money. Given that the last two weeks of the year are not famous for productivity, the dataset we have should prove representative for this critical slice of the venture capital market. For our look at the third-quarter fintech VC market, head here.).
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.
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.”.
ByteDance’s TikTok wants to do more business in Indonesia — Southeast Asia’s biggest e-commerce market. So after facing roadblocks from the regulators, it’s now come up with a new route to get there. TikTok is putting up $1.5
In Asia, one such sector appears to be the luxury fashion resale market, particularly for platforms that are seeing an uptick in users and sales. Search engine and e-commerce giant Naver, SoftBank Ventures Asia, Mirae Asset Capital and new investors Samsung Securities and Axiom Asia also participated in the round.
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.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. builds everything around credit cards, you just cannot do that in Southeast Asia. In the U.S.,
and three in Asia. Higher budgets also enable entry to several markets nearly simultaneously. The survey revealed a roughly even split of target customers across companies, institutions and consumers, as well as a good spread of home markets. Europe is home 49 of the surveyed companies, six are based in the U.S.,
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . We are taking the best practices along with key learnings to our next market launch.” .
In Japan, where the real estate market is fragmented, homeowners have faced uncertain selling prices riddled with brokerage fees and an average selling period of between four and eight months, Ito said. “The difference is that we purchase from the seller at a discount from the market price. . and the U.K., While the U.S.
The round was led by Tiger Global with participation from returning investors Sequoia Capital India & Southeast Asia, and new investors DST Global Partners and Shopify (marking the e-commerce platform’s first venture investment in a startup operating in the Southeast Asia region). WATI’s last round of funding was an $8.3
million in pre-Series B funding, led by Headline Asia. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. In a statement, Headline Asia partner Aki Okamoto and principal Jonathan M.
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. The company plays in an extremely competitive fintech market. billion valuation” from a group of Chinese investors.
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