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Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase , announced it has raised an $11 million Series B. It can now be used at more than 500 merchants, including consumer electronics seller Kimstore and Philippine Airlines.
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.
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.
The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy told TechCrunch. Alloy was looking to build prosumer automation tooling and now it had material backing. But as Alloy has gone on to raise even more capital, the decision seems to have worked out for the company. Why $4 million?
We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. 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.
E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Its last funding was $750,000 pre-seed round raised last year from investors including Techstars, Emergent Ventures and the 500 Startups Vietnam Fund. Plentina co-founders Kevin Gabayan and Earl Valencia.
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.”.
Payments company Checkout.com is raising once again. 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.
This morning Wunderite , a Boston-based software startup, announced that it has raised $3 million in an early-stage round led by Spark Capital. Wunderite builds and sells software designed to help insurance agencies more rapidly process insurance applications, and automate some of their processes.
Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. We simply had a love for the earth and spotted an opportunity to apply our little experience of building businesses towards it.”. Humble has worked with 20 companies so far.
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. .
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. Railsbank raises $10M Series A for its open banking and compliance platform.
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
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). “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.
Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. Fueled by the COVID-19 pandemic, digital transformation is happening all over the world.
The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.
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.
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. Social commerce is well-positioned to take off in the Philippines for several reasons, he added.
The company’s Series B, which brings its total raised since 2017 to $41 million AUD, will be used to expand in Southeast Asia and double its total team by hiring 100 new people, including 50 software developers. How tech can build more resilient supply chains.
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.
Masa Finance , a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 ” Before starting Pngme, an open finance startup that has raised over $18 million in VC funding, Playford actively worked in the blockchain and crypto space for almost a decade.
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. Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B.
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.” BreederDAO had previously raised an undisclosed amount of seed funding, too.
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. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million. Investor In-Q-Tel was part of a previously disclosed round.
The startup, which is now used by 250 developers and 35 tech companies, announced today it has raised new seed round. To tap into that market, Brick is building APIs for alternative financial data sources, like mobile wallets, telcos, utility providers, e-commerce platforms, social security and tax offices.
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.
Social commerce company Mio is taking advantage of that gap by building a reseller network and logistics infrastructure that can offer next-day delivery to tier 2 and 3 cities. The startup, which currently focuses on fresh groceries and plans to expand into more categories, announced today it has raised $1 million in seed funding.
The new funding brings the total seed amount raised by the startup to $7 million. Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions. Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. See part one here. Hire the right people – local and entrepreneurial. That’s just lazy.
Goldfinch is a crypto startup building a decentralized lending protocol that allows organizations to receive crypto loans without owning massive amounts of crypto already. The firm raised an $11 million funding round last June. How African refugees used bitcoin to build their own grassroots economy.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. 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. billion to $15 billion.
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. The New York City-based startup has raised $160 million in debt and equity in a Series A round that it says will fund its “aggressive growth plans.”
The company announced today it has raised $5.7 Seafair was launched late last year by Agapitos Diakogiannis, who was born and raised in Greece, and its current clients include one of the world’s top 100 shipping companies. Maritime intelligence platform Greywing raises seed funding from investors like Flexport.
Atlan said on Tuesday it has raised $16 million in its Series A financing round that was led by Insight Partners. 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.
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.
Today, Funding Societies announced it has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with participation from new investors like VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. . The platform disburses online loans ranging in size from $500 to $1.5
The Sydney, Australia-based company announced today it has raised a $45 million AUD (about $34.8 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. million USD).
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. Singapore’s logistics tech startup Parcel Perform raises $20 million. Ninja Van raises $30M to build a regional logistics network in Southeast Asia.
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. Another company, Procore, went public in 2021 after raising $75 million at a $3 billion valuation in 2018.
For more about Brankas’ start, see TechCrunch’s 2019 profile of the company , the same year it raised its Series A. 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.
Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million. Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry.
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 Bademosi said Nestcoin might raise an independent fund to invest and participate in such deals and projects going forward. million pre-seed to that end.
Launched on Black Friday, the campaign provides a list of demands for Amazon, which include raising pay for workers in Amazon’s warehouses, extending paid sick leave, and allowing workers to organize in unions. Organizers have projected the “Make Amazon Pay” slogan on Amazon buildings in London, Berlin, and Hyderabad.
The Y Combinator alum announced today that it has raised $15.75 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. Then it will integrate the most popular payment methods.
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