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ShopUp raises $22.5 million to digitize millions of mom-and-pop shops in Bangladesh

TechCrunch

A startup that is aiming to digitize millions of neighborhood stores in Bangladesh just raised the country’s largest Series A financing round. Like its neighboring nation, India, more than 95% of all retail in Bangladesh goes through neighborhood stores in the country. A young entrepreneur is building the Amazon of Bangladesh.

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Google’s AI flood warnings now cover all of India and have expanded to Bangladesh

The Verge

Google says its flood prediction service, which uses machine learning to identify areas of land prone to flooding and alert users before the waters arrive, now covers all of India and has expanded to parts of Bangladesh as well. In June, it hit the milestone of covering all the worst flood-hit areas of India. Image: Google.

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Practitioners from Malaysia, Bangladesh, and Nigeria discuss digital economic development for underserved communities at Shanghai’s INCLUSION Conference

TechNode

The three guests individually presented insights into their local markets and the varied challenges involved in developing the digital economy. bKash has played a significant role in promoting financial inclusion in Bangladesh, especially among the unbanked population. The internet penetration is 95% in our country.

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Nomod raises $3.4M seed to allow merchants accept payments without hardware

TechCrunch

The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh.

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Chaldal, Bangladesh’s largest grocery delivery platform, raises $10M Series C

TechCrunch

When Chaldal launched in Dhaka eight years ago, it first picked up orders from local grocery stores. Chaldal Wants To Become The Amazon Fresh Of Bangladesh’s Capital. The round was led by Taavet Hinrikus, co-founder of Wise; Topia chief product officer Sten Tamkivi; and Xploration Capital, with participation from Mir Group.

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Twinco Capital scores €3M for its supply chain finance solution

TechCrunch

Exporters in countries like Bangladesh, China or Vietnam that have been supplying European companies for years, with stable commercial relationships. Meanwhile, the fintech is also unlocking an asset class for investors and competes with local banks that are much more manual and don’t benefit from increased visibility via network effects.

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South Africa’s Talk360 raises $4M to build single payment platform for Africa

TechCrunch

This product, it says, will open up businesses to the largest pool of localized payment options in Africa. South Africa, Zimbabwe and Bangladesh are some of the markets where the calling app is widely used. MoneyHash gets $3M to build a super-API for payment operations in Africa, Mideast.

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