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and Philippines. The investors for this unnamed round include Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines. The holding company, Tyme, focuses on designing, building and operating digital banks for emerging markets.
The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program). Indonesian payments infra startup Xendit raises $64.6M
million USD) Series B led by Tiger Global, with participation from Jason Lenga. Shippit is considering expansion into the Philippines and Indonesia, too, and expects its Southeast Asian business to grow 100% year-over-year for the next three years at minimum. How tech can build more resilient supply chains.
The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. According to the startup, it is now the fourth-largest fintech company globally. And the company is working on adding India and the Philippines.
Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. Some of its previous backers include EDBI, Entrepreneur First, 500 Global, SparkLabs Global Ventures and Michael Seibel. and anywhere on earth.”
Established in 1997 as a victim-centered organization that protects children from violence and abuse, our purpose at International Justice Mission (IJM) is to work collaboratively with our partners and local authorities to strengthen justice systems and build communities where all people can be safe and protected.
Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.
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
Thus, by aggregating off-chain and on-chain data into a non-fungible credit report, Masa says it gives lenders, and developers access to the tools needed to evaluate borrower risk and launch lending products for individuals and businesses globally. . “The world we’re building for is where people’s data are owned themselves.
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. During the pandemic, the company launched a new service called Global Teams for remote work. 6 VCs share their bets on the future of work.
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
Philippines-based nonprofit Yellow Boat of Hope Foundation was selected winner of the.ORG of the Year award, recognizing the organization’s work to provide access to education for children in remote and poverty-stricken areas by providing boats to reach their schools. Yellow Boat of Hope is also the winner of the 2024.ORG
Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. And Southeast Asia is no exception. billion in payment value annually.
Kwara is now moving a step further to build the next-generation neobank that will give credit-union members access to instant loans and third-party services such as insurance, as the start-up moves to offer end-to-end solutions to its clients. Kwara is building a neobank for credit unions.
The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. builds everything around credit cards, you just cannot do that in Southeast Asia. billion to $15 billion.
million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital. It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines.
The protests come just as the New York Times reports that the Seattle-based company has been on a hiring spree this year, expanding its global workforce. Today there’s a global day of action with strikes, protests, and stunts across five continents,” James Schneider, the communications director for Progressive International, tells The Verge.
Greece is one of the global superpowers in shipping, so when I was working in consulting, I became close to the industry and really fell in love with it.”. 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.
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. The global construction management software market is expected to reach $23.9 It has been partnering with Aldagram since 2022.
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.
Relief organizations and first-responders are mobilizing to provide aid to those affected by Typhoon Haiyan in the Philippines. The staff at TechSoup Global is keeping all those affected by the devastating typhoon in our thoughts as we work to support recovery efforts. Image: Philippine Red Cross. wireless subscribers.
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. Khairy, Assy and Alfar, started building Gameball as a Shopify app, before moving on to build an API solution for businesses outside Shopify.
We talked yesterday with Simpson — who joined a16z after first backing some of the same startups, including the blockchain infrastructure company Dapper Labs and the global payment platform Celo — to learn more about what’s happening at the intersection of crypto and gaming.
The round was co-led by Global Founders Capital and Wavemaker Partners, with participation from Gentree Fund, AfterWork Ventures, Reshape Ventures, Nordstar, Pentas Ventures, Moving Capital, Gojek co-founder Kevin Aluwi, NasDaily’s Nuseir Yassin, YouTuber Lazar Beam and Radish Fiction founder Seung-yoon Lee.
The World Bank Group recently published a report, The Evolution and State of Singapore’s Start-up Ecosystem , documenting the country’s experience in building its startup ecosystem and the challenges facing it. Countries around the world examine Singapore’s ecosystem from a distance, hoping to learn from, and emulate, its story.
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. The startup claims that since the end of January, its users have tripled to 700,000, who compared a total of four million products over the past six months.
to send money to the region, much higher than the global average of 6.8%. 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. African startups join global funding boom as fintech shines.
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.
I just had to take that chance." - Jensine Larsen Jensine Larsen is the Founder and CEO of World Pulse , a global media and communication network devoted to bringing women a global voice. Jensine Larsen: World Pulse is a global media enterprise fully devoted to bringing women a global voice.
Finantier was founded earlier this year by Diego Rojas, Keng Low and Edwin Kusuma, all of whom have experience building products for fintech companies, with the mission of enabling open finance in emerging markets. It’s already eyeing Vietnam and the Philippines and has established partnerships in Brussels.
Its mission is to be the go-to platform for entrepreneurs and business owners who want to focus on building their businesses, as Sleek takes away all the back-office hassle, Barthel said. Sleek will add its stack to the existing Ltd Companies offering to build an operating system for U.K.-based and the Philippines. based SMEs.
million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including BlockTower, Hashed Emergent, Saison Capital, and Global Coin Research. Jia, a blockchain-based lender of small businesses in emerging markets, raises $4.3
The company announced today it has raised $12 million in Series A funding led by Jungle Ventures, with participation from Tiger Global and returning investors like Bling Capital. In total, Amber is used by 30,000 employees in Singapore, Malaysia, Indonesia and the Philippines. This brings inFeedo’s total raised since the U.S.-headquartered
For some, the pandemic was the final nail in the coffin, but in many cases, cracks in business models were already starting to surface well before COVID-19 ground the global economy to a screeching halt. The company blamed the “current landscape” (also known as the global pandemic we are experiencing) for its closure.
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 Bundle’s numbers might not seem impressive from a global standpoint. million pre-seed to that end. Africa’s cryptocurrency market grew by 1,200% to $105.6
Since its launch, dipp has primarily focused on Taiwan, but is expanding into Southeast Asia, with new clients in Singapore, the Philippines and Thailand. In terms of competition, Chen says potential customers often ask how dipp is different from Rocketium , which helps creative teams build very large marketing campaigns.
With its release of WhatsApp Business app (WAB), Meta is effectively building a sort of rival search engine to Google to keep us all inside the app. We are live in the UK and USA and have big global plans to solve this problem for others.” and is planning to move into Brazil, India, the Philippines and Germany.
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. Target Global leads $150M round for Amazon Marketplace consolidator Branded. It also claims to offer flexible terms and that it does not prevent entrepreneurs from selling again on Amazon.
Then came the rise and fall of the SPAC wave and global supply issues. Smith estimated that it could cost over $100 million to build a “production-quality” tool capable of synthesizing code reliably. Modsy took a major bottom-line hit on the logistics side during the pandemic as global supply chains ground to a halt.
The number of startups building buy now, pay later (BNPL) services is long. Just this year we’ve seen French BNPL startup Alma raise a $130 million equity round , BillEase raise $11 million for BNPL in the Philippines , Lipa Later raise $12 million for the same effort in Kenya , and ThankUCash raise $5.3
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.
And importantly , this is the group that demonstrated their confidence and desire to really solve what is a global problem,” said the CEO. First, around product development, the team is eager to build next-generation digital renewable energy. Brazil, Pakistan, and the Philippines. ” More than 1.5
Payfazz, which announced a $53 million Series B in July from investors including Tiger Global and Y Combinator, also offers loans and payment services for offline retailers. As part of Fazz Financial Group, it will continue to build its agent banking network.
It’s been really tough concentrating during the latter part of this week due to global events so forgive me if my tone is less upbeat than normal. I have written about other startups who want to help renters build a credit history (because really, how unfair is it that on-time rent payments have not been factored in historically?).
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