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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

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

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Philippines ‘buy now pay later’ startup BillEase scores $11M Series B

TechCrunch

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

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Packworks makes operations easier for sari-sari stores in the Philippines

TechCrunch

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.”.

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Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics firm Fast Group

TechCrunch

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.

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Philippines-based MSME platform GrowSari adds $77.5 million to its Series C

TechCrunch

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. .

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Philippines ‘buy now, pay later’ startup Plentina raises $2.2M seed round

TechCrunch

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.

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Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid

TechCrunch

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

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