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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. 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.
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. The Seoul-based startup announced today it has raised a $60 million Series B. CHAI wants to fix this with an API that enables companies to accept over 20 payment systems.
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.”
It’s a challenge for many international organizations to engage with (and navigate the complexities of) what many consider to be the world’s most generous market. philanthropic market with more than 1.5 Select one of four legal paths for raising funds in the U.S. donations, by following these steps: Understand U.S.
Moove , an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. It is a problem faced across many emerging markets. Moove is targeting seven new markets across Asia, MENA and Europe over the next six months. “As
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.
Europe and Asia, including Michael Novogratz’s, participated in the round. In total, Alerzo has raised more than $20 million since its launch. “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. The company is announcing a $10.5
HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. I am a strong believer in the SaaSification of Asia. You may ask why SaaS for Asia needs to even exist as a category.
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.
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.
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023.
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.
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years. OPay plays in an extremely competitive fintech market.
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. .
Intellect , the Singapore-based mental health startup focused primarily on Asia-Pacific markets, announced today it has raised a $10 million Series A. The round, which Intellect claims is the largest Series A ever raised by a mental health startup in Asia, was led by HOF Capital. ThoughtFull gets $1.1M
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. This brings its total raised to $43 million, including the oversubscribed first tranche of its Series B, which was led by Tiger Global and closed in January 2022.
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. ” .
On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. North Wall Capital was behind the debt portion of the deal. ”
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. Thus, Sun King has closed its Series D round at $330 million and as a result, raised over $550 million in debt and equity since its inception.
One of them was Singapore-based Endowus , which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 This time it’s $35 million with new investors, including Citi Ventures and MUFG Innovation Partners, bringing the company’s total raised so far to $95 million.
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. They are precious when startups are trying to figure out product-market fit.
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.” .
Today the Hong Kong and Malaysia-headquartered startup announced it has raised $23 million in Series B funding to scale its team and product. million Series A announced 10 months ago, and its new round brings its total raised to more than $35 million since 2020. WATI’s last round of funding was an $8.3
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . . Therefore, the new financing will scale up operations in its existing 13 markets across Africa, where it has insured over 4.3 million farmers.
The Singapore-based startup announced today it has raised $6.6 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.
Follow the money BitGo raised $100 million in its Series C round at $1.75 billion valuation Chain-agnostic platform ZetaChain raised $27 million to improve cross-chain interoperability Web3 virtual world platform ZTX raised $13 million in round led by Jump Crypto Decentralized stock trading platform Dinari raised $7.5
Skit announced today it has closed $23 million Series B round to accelerate its growth in domestic and global markets including the US and South East Asia and enhance its voice automation platform. We want to double down and scale operations in both Indian and global markets. It currently has 150 employees.
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. Last year, rali_cap raised $2 million, money it has since deployed.
The round, led by the Qatar Investment Authority (QIA), follows last year’s $170 million raise. This strategic investment will support our rapid global expansion and bolster our R&D so that we can grow more varieties of crops close to consumers across Europe, Asia, North America and the Middle East.
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. The Taipei-based startup recently raised $1.5 Its customers include Levi’s, Estée Lauder and Rakuten.
A region of more than 200 million people using the CFA franc, Francophone Africa is one of the most crypto-friendly markets in Africa. But only a few players are taking advantage of the market, which can make a case as the next frontier for mobile money and investment apps in Africa.
The latest round brings its total funding raised to $41.4 The global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research.
Easy Eat AI , a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Founded in 2019 by Mohd Wassem, Rhythm Gupta and Abdul Khalid, Easy Eat AI currently has operations in Malaysia, and plans to expand into other Southeast Asian markets.
InVideo, a Mumbai-based startup that has built a video creation and editing platform, has raised $15 million as it looks to court more users and customers worldwide. InVideo app offers a range of functionalities at no charge, and charges only $10 a month for premium clients, such as a marketing agency.
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate. “India has an under-penetrated insurance market.
The company announced today it has raised a $25 million Series B from Illuminate Financial, AFG Partners and Winter Capital. This brings Osome’s total raised since it was founded in 2017 to $51 million. Tips for e-commerce brands that want to win market share this holiday season.
Novoloop , a plastic upcycling startup, said Wednesday it has raised a $10 million Series A extension round co-led by South Korean chemical firm Hanwha Solutions and Taizo Son’s Mistletoe. This follows a first raise of $11 million in February and brings the Series A to $21 million and its total funding to $24 million.
Multiplier , a startup that enables companies to hire and pay remote workers while complying with local laws, announced today that it has raised a $60 million Series B at a valuation of $400 million. Multiplier raised a Series A of $13.2 Remote raises $35M to help orgs with global workforce payroll, benefits and more.
Fractal has raised $360 million from TPG in a new financing round and entered the unicorn club as the Mumbai and New York-based AI startup, which counts Google and Wells Fargo among its customers, scales its offerings and begins preparation for an IPO.
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.
Wagely , an earned wage access (EWA) platform based in Jakarta and Dhaka, has raised $8.3 Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M. Wagely says its user base grew 10x year over year in 2021, with clients including British American Tobacco, Ranch Market, Adaro Energy and Medco Energi.
An ambitious Chinese startup wants a slice of the flourishing global work automation market. The two met through the startup’s investor Cathay Innovation , and the acqui-hire will pave the way for Laiye’s entry into the Europe market, said Wang. Laiye has aggressive goals for global expansion.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. Canada, Australia and Asia.
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