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The onset of the pandemic has led to increased demand for digital banking options across customer income groups around the world. We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. TymeBank , a South African digital bank, announced today that it has secured an R1.6
Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Operated by fintech First Digital Finance Corporation BillEase launched in 2017, with shopping marketplace Lazada as its first merchant partner. Philippines ‘buy now, pay later’ startup Plentina raises $2.2M
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. It also plans to build a department that engages sari-sari stores and provides additional services with parters, plus build an open platform for financial institutions and brands to connect directly with sari-sari owners.”.
Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe. Navegar, which led Great Deals’ Series A , also returned for this round.
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 The new capital will be used for expansion into new store formats, building a logistics and fulfillment network and hiring for GrowSari’s operations, technology and data science teams. .
E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Other participants included JG Digital Equity Ventures (JGDEV), Amino Capital, Canaan Partners Scout Fund and Ignite Impact Fund. Plentina co-founders Kevin Gabayan and Earl Valencia. Making sense of Klarna.
million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. It did not offer as much data coverage as Yodlee, but “what it did do is a very narrowly-focused set of data very well, and very easy to build. The startup recently came out of stealth mode with $1.8
Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. In the Philippines, on the other hand, “the real problem was accepting money,” so Xendit developed direct debit with Grab.
The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks. “Building a credit score is a never-ending process, and we are at the very early stages of it.
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. . The cloud kitchen market in Asia is projected to grow at 14.2% billion by 2030 , up from $15.2
Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. Indonesia’s Xendit , a startup focused on buildingdigital payments infrastructure for the region, has just raised $64.6 It aims for fast and easy integrations so that businesses can more easily accept payments digitally.
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. Kwara is building a neobank for credit unions.
Last month, for example, her team co-led an investment in Virtually Human Studio , the startup behind a digital horse racing service Zed Run, wherein users buy, sell and breed virtual horses whose value rises depending on their performance against other virtual horses. How did you first come across this digital horse racing business?
If you’re not familiar with the company, Checkout.com wants to build a one-stop shop for all things related to payments, such as accepting transactions, processing them and detecting fraud. And the company is working on adding India and the Philippines. But we generate double-digit million dollars,” Pousaz told me.
This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. A company cannot hire out of a hub city like Singapore and expect those individuals to cover Indonesia, India, Thailand, and the Philippines. See part one here. Nothing gets done otherwise.
“The world we’re building for is where people’s data are owned themselves. ” Playford said Masa is building on Celo and Ethereum, and the platform, which is launching out of beta, has 36,000 people signed up already. The round, which has no lead investor, comes from traditional and web3-focused VCs.
Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era. Brankas new funding will be used to build new APIs and double its current team of 100. It also plans to add more capabilities to its payments, data and banking-as-a-service API product menu in Indonesia, the Philippines and Thailand.
Shipping companies are based around the world, but about 50% of seafarers come from Eastern Europe and the Philippines, so they typically rely on agencies to staff vessels. If they are hired, Seafair starts the deployment process, including digital contracts. How tech can build more resilient supply chains.
Today, he claims, SwipeRx has transformed and digitized the pharmacy industry and become a one-stop platform for pharmacists to perform all their daily tasks, from education to purchasing to inventory financing in Southeast Asia. Image Credits: SwipeRx.
Aldagram , a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle East. It has been partnering with Aldagram since 2022. More than 10,000 corporates in over 10 countries, including the U.K.,
Now, another building block is apparently needed. Enter BreederDAO , a months-old, Philippines-based “specialist manufacturer” of digital assets for use in blockchain-based games and virtual worlds, including “Axie Infinity.”
In addition, Toni works on several digital-economy-related initiatives that support the scaling of digital businesses, stimulate startup ecosystems and accelerate the digital transformation of key industries in Africa, Asia, the Caribbean and the Middle East. Jamil Wyne. Contributor.
Gameball says brands use its tools to build long-term relationships with customers and ensure retention through personalized loyalty programs that are informed by data. Gameball is solving a large multi-billion-dollar challenge that can transform digital marketing, customer loyalty and monetization around the world.
But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. It’s already eyeing Vietnam and the Philippines and has established partnerships in Brussels.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Inside Plaid’s plans to build a new, global finance network. The funding fill be used to double down on Brick’s presence in Indonesia and regional expansion.
Food delivery apps offer convenience for customers, but a host of headaches for restaurants, like commissions as high as 40% and very few tools to build customer loyalty. Easy Eat AI raises $5M to help Southeast Asian restaurants digitize their operations. It also serves cloud kitchens, like CloudEats in the Philippines. “As
Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. It also plans to enter the Philippines in the third quarter. Before launching Jeff, Niparts was CEO of Spain for Digital Finance International, a fintech company that is part of the Finstar Financial Group.
In October, Upmesh was used by almost 300 live commerce merchants in Singapore, Malaysia and the Philippines, with an annualized gross merchandise value of $40 million. . Live commerce is transforming eCommerce and shaping the buying behavior of the digital consumer in Southeast Asia.
It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. It gives us the ability to understand data of what consumers want and would buy and this allows us to collaborate with creators to build brands in a more cost-efficient manner,” Kuik said.
Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions. They are set to add more features that will help members build “a personalized view of their own goals and really start working towards achieving them.”
Its customers are spread across Singapore, the Philippines, Thailand, Hong Kong and Australia, and typically ship about 25 to 5,000 orders a day. So far, Locad has provided order fulfillment for 200 brands, including Havaians, Levi’s Reckitt Benckisder and Emma Sleep. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
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. Jia provides loans of up to $5,000 to small businesses filling the gap currently left by digital lenders and loan apps that don’t offer credit of more than $1,000.
Nestcoin , a company founded last November that builds, operates, and invests in web3 applications, wants to be pivotal in this transition and has raised $6.45 ” To understand how Nestcoin works is to look at the Digital Currency Group (DCG). million pre-seed to that end.
The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than $2 billion in financing to MSMEs since it launched in 2015. It recently began operating in Vietnam and will use part of its Series C+ to enter the Philippines. .
Therefore , digitizing has been mostly around delivery rather than building new infrastructure and payment processing models for African individuals and businesses to make cross-border payments. We believe Wapi Pay is the best team to build the necessary infrastructure to support its growing trade volumes.
Before launching IDEAL, Surjaudaja was former head of operations strategy at digital payment service OVO. Surjaudaja said that traditional retail banks offer a relatively poor digital experience for their consumer lending products, making them less accessible. IDEAL’s digital platform seeks to solve these challenges.
First, around product development, the team is eager to build next-generation digital renewable energy. With a similarity to the offline grid, Infinity connects to all the loads in a residence or business place and controls them digitally while providing data and analytics in the process. Brazil, Pakistan, and the Philippines.
Yanolja said it has been using its most recent investment to invest in its global travel platform (GTP) and strengthen its automated solutions through artificial intelligence, with the aim of building tech to provide more personalized solutions for users. . Indonesia, the Philippines, India, and Africa as of September year on year. .
Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million. With the new financial infusion, Oasys plans to strengthen partnerships with game developers, digital asset exchanges and others in the gaming and crypto industry.
“This is also coupled with the fact that last year, the COVID-19 pandemic has driven a significant increase in demand for digital payments and financial services across Indonesian rural areas, creating a huge growth opportunity for us,” Liu added. Payfazz uses payment infrastructure developed by Xfers to accept digital payments.
Their role is paramount in building a startup bigger from day one, as unique perspectives and entrepreneurial spirit are key factors driving the vibrant growth of new enterprises. For me, it took 10 years of working together with my partner to build a strong partnership. Now we are both best friends and partners.
The Mumbai-based startup works with commercial banks to power their digital loan services. “We want to help and empower the banks, who are our clients, to lend better, lend completely on a digital platform and improve on all parameters,” said Venkatesh. Those parameters are the same for banks the world over.
It’s so popular that a startup in the Philippines that exists solely to lend money to players who want to get started in “Axie Infinity” (one needs first to buy its digital creatures) attracted a check from Andreessen Horowitz. We believe you can build global consumer businesses from any of these geographies.
Interestingly, prior to joining Index, Fiorentino helped build and lead business strategy and finance at Stripe from 2015 to 2019. seed round And elsewhere Digital wallet for insurance Marble bags $4.2M. with support from Dwyane Wade and Baron Davis Black-owned tech firm Greenwood acquires digital banking rival.
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