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Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Part of the funding will be used to increase Jeff’s team from about 15 people now to more than 40 employees for its offices in Latvia and Southeast Asia. It also plans to enter the Philippines in the third quarter.
Though it is based in Latvia, Jeff will continue focusing on unbanked people in South and Southeast Asia, said founder and chief executive officer Toms Niparts. “This is a massive problem in a big part of the world, and it makes absolute sense to build it as a centralised solution,” Niparts said. million seed round.
It will aim to make the European Union the most attractive place to create a startup, in comparison with obvious global leaders like the U.S. You’ll hear firsthand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios. Therefore, its significance is not to be underestimated.
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