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The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. Its new investment will be used to build a scalable platform. An example of Komunidad dashboards, created for a project in Mandaluyong City, the Philippines.
Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. It can now be used at more than 500 merchants, including consumer electronics seller Kimstore and Philippine Airlines. Kenyan BNPL startup Lipa Later eyes more African markets after raising $12 million. seed round.
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. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa.
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.
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.”.
Like most people who do marketing for startups, I have a love-hate relationship with the term “growth hacker.” On the one hand, it has allowed startup marketers to differentiate themselves from their counterparts in corporate America. The difference between “growth hacking” and “marketing”. Hacker” is more of a double entendre.
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%. Plentina launched in the Philippines in October 2020 and has been downloaded more than 30,000 times. Other installment loan services in the Philippines include BillEase, Tendopay and Cashalo.
TechCrunch spoke with co-founders Sara Du , CEO, and Gregg Mojica , CTO, about the round, their market and their experience in Y Combinator. Alloy was looking to build prosumer automation tooling and now it had material backing. The shift to focus on e-commerce from a broader toolset came from customer pull, the co-founders said.
Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. Then sellers chose what they want to add to their stores, which they market to potential buyers through their social media networks.
The founders of Upmesh were building a game on top of Twitch’s API when they realized something about another group of livestreamers. Upmesh was launched nine months ago by Wong Zi Yang, Soh Jan, Nhat Vu and Shawn Teow, and is now used by almost 300 live commerce merchants in Singapore, Malaysia and the Philippines. In the U.S.,
Wunderite builds and sells software designed to help insurance agencies more rapidly process insurance applications, and automate some of their processes. MacDonald previously worked for his family’s insurance business, while Schnare earned insurance experience by working for a large player in the market.
This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. See part one here.
The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. A key difference, however, is that Plaid serves markets where the majority of people have a bank account. Mono, a startup that wants to build Plaid for Africa, gets backing from Y Combinator.
million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. market because it was reliable and developer-friendly, Lesaffre said. Finverse wants to do the same thing for the Asia-Pacific region by building dependable APIs and data integrations. “At
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. . We are taking the best practices along with key learnings to our next market launch.” .
At the end of last year, Xendit expanded into the Philippines, and says it is now one of the biggest payment players in the country. Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”. This new round brings its total funding so far to $238 million.
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 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.
and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. It will also double down on existing markets such as the U.K./Europe. Asked what the upside of the Wirecard acquisition was, the Railsbank founder says it helps maintain an orderly market in the U.K.
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.
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. Undersea cables, for example, are expensive to build and only link two points. and anywhere on earth.”
During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Chen says most have large sales and marketing teams, but a shortage of designers.
“The world we’re building for is where people’s data are owned themselves. billion-person market where 67% are credit invisible. ” 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. .” ” . .
Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. The company has evolved since then. “More than 2.2
Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. builds everything around credit cards, you just cannot do that in Southeast Asia.
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.
Brankas , an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B. Brankas new funding will be used to build new APIs and double its current team of 100. Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid.
Diakogiannis realized he had the network to address a large market opportunity, but there was another reason for starting Seafair. 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.
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. 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 million pre-seed to that end.
The uptake of customer relationship management (CRM) tools has grown immensely over the last few years such that the market size is expected to experience a 12.5% 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.
Pylon , an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. Pylon currently operates in Egypt and the Philippines. It then automates billing processes for the companies, similar to how telecom providers in these markets have done over the years.
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. The market opportunity is there. And Southeast Asia is no exception.
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
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. SMEs have very specific requirements, so we wanted to build a one-stop no-code platform,” said Haripurkar.
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. Fintech outperformed the market in 2021, and it’s set to do even better.
. “Southeast Asia is predicted to be the world’s largest e-commerce market in the next five years, and the addressable market for us in Southeast Asia alone is already five times the size of Australia and twice the size of the U.S.,” How tech can build more resilient supply chains.
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.
The latest funding will be used to set up a US office and build up a team in the next 12 months. DesignCrowd is also keen on exploring new markets. A year ago, it entered Asia via launches in India, Singapore and the Philippines – three months after the site rolled into Canada and the UK.
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. It also serves cloud kitchens, like CloudEats in the Philippines. “As For its delivery survey, most users are smaller restaurants that have one location.
You might spend years and years building up your arsenal of skins or in-game assets, and then a game will change the rules, take [some of your winnings] away from you or do any number of things that can leave players feeling very disappointed and kind of ripped off. The NFT market is just getting started, but where is it headed?
Ancient8 , Vietnam’s blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards. “We We are excited to build the infrastructure layer for the future of blockchain gaming and the Metaverse.”
Jamil Wyne is a co-author of the World Bank report “The Evolution and State of Singapore’s Start-up Ecosystem: Lessons for Emerging Market Economies.” As of 2019, Singapore had over $19 billion in PE and VC assets under management, more than twice that of neighboring Indonesia, Philippines, Vietnam, Malaysia, and Thailand combined.
million in orders across 150 brands in the Philippines, Malaysia, Indonesia, Singapore, Taiwan and Australia. Users currently include Bistro Group (the Philippine franchisee of TGI Fridays, Hard Rock Cafe and Buffalo Wild Winds, Flash Coffee and ghost kitchen startups MadEats and Just Kitchen.
Young startup Atlan, which has built a SaaS data collaboration platform and is courting customers in international markets, has now won the trust of some high-profile investors. and the market will be a big focus as the startup scales. The startup — which was founded in India and now has teams across the U.S.,
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