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The recently formalized Memorandum of Understanding (MoU) between Singapore’s major tourism stakeholders and Weixin Pay marks a milestone in cross-border digital tourism development. China was Singapore’s largest source market for international visitors before the pandemic.
Osome , a Singapore-headquartered business assistant app that digitizes accounting and compliance tasks, has raised $3 million. The startup currently has about 4,500 SME clients across Singapore, Hong Kong and the United Kingdom, founder and chief executive officer Victor Lysenko told TechCrunch.
Volopay , a Singapore-based startup building a “financial control center” for businesses, announced today it has raised $2.1 Singapore-based Volopay wants to be the ‘Brex of Southeast Asia’ Most of Volopay’s clients are in the tech sector and have about 15 to 150 employees. million in seed funding.
One of them was Singapore-based Endowus , which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 Returning investors include notable firms like UBS Next, Singapore’s EDBI, Prosus Ventures (owned by Naspers), Lightspeed Venture Partners, Singtel Innov8 and Endowus employees.
Osome is a corporate “super app” that helps business owners with administrative tasks like payroll, accounting and tax reporting. It plans to become cash flow positive within the next 12 months, and recently announced a digital banking partnership with Singapore financial service corporation OCBC.
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. Currently in beta mode with more than 20 clients, Finantier is busy getting ready to officially launch.
By digitalizing the insurance work for insurers and intermediaries, its platform enables them to save time, focus on their clients and scale their business. . Norwegian investor Kistefos , Markel Digital Investment and an angel investor participated in the latest round. trillion general insurance industry. .
Based in Singapore, Nimbly develops software that automates more of that process. Its features include digital checklists, inventory management and field audits that can be accessed through a mobile app. Many work teams, especially stores and restaurants, rely on manual spreadsheets to ensure their operations are running smoothly.
Co-founded by Quah in 2019 to securely verify documents, Singapore-based Accredify announced today that it has raised $7 million in Series A funding co-led by iGlobe Partners and SIG Venture Capital with participation from returning investors Pavilion Capital and Qualgro.
The Singapore-based startup announced today it has raised a $12 million Series A to build out its B2B transactions platform. Since its seed funding, Tinvio says its client base has increased four times to over 5,000 businesses in Singapore, Indonesia, Thailand and other Asian markets. million seed round.
The Singapore-based startup announced today it has raised an oversubscribed Series A of $8 million SGD (about $6 million USD) led by Qualgro, with participation from AC Ventures. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets. TechCrunch+.
Meniga , the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. Its various products include a software layer that bridges the gap between a bank’s legacy tech infrastructure and a modern API, making it easier to build consumer-friendly digital banking experiences.
Singapore-based Aspire , which wants to become the financial services “one-stop shop” for SMEs, announced that its business accounts have reached $1 billion in annualized transaction volume one year after launching. We can go in and say we offer all-in-one financial tools for growing businesses,” he said.
Singapore-based TreeDots , which says it is the first food surplus marketplace in Asia, wants to help. TreeDots was founded in 2017 as a surplus food marketplace for F&B businesses, before it expanded its business to include social commerce, too. About one-third of food produced in the world is never eaten.
is a venture capitalist investing in Silicon Valley and Singapore. This four-step plan will help you move from idea to full-fledged business, without the need for massive startup capital. Some examples include: Organize a local market research campaign (best for services that involve connecting businesses with customers).
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. ZEBOX CEO Gwen Salley told TechCrunch that along with access to mentoring, experts, business opportunities and funding, its incubator program gives startups opportunities to test their solutions and work with large corporations.
Fazz , the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers , announced today that it has raised a total of $100 million in Series C funding. Fazz will use the round to continue building out its business accounts, which include payment, savings and credit features.
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
Easy Eat AI , a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Many food and beverage businesses started digitizing orders and payments so they could offer deliveries during the COVID-19 pandemic.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Founded in 2013, the Singapore-based startup says its annual revenue and gross profits grew 2.5x
The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses.
BukuWarung , an Indonesian startup focused on digitizing the country’s 60 million small businesses, announced today it has raised new funding from Rocketship.vc By digitizing their financial records, companies like BukuWarung can make it easier for them to access lines of credit, working capital loans and other services.
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. Early investors include the Baobab Network, an Africa-focused accelerator based in London, and Signal Hill, a Singapore-based fund manager that participated in its $5.5 The company is announcing a $10.5
Sleek , the corporate services platform that helps entrepreneurs launch and run new companies in Singapore and Hong Kong, has raised $4 million. The new funding was led by SEEDS Capital, the investment arm of government agency Enterprise Singapore. ” Singapore-based digitalbusiness assistant Osome raises $3 million. .
Validus , a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. . The acquisition will be completed in April 2022. .
The Singapore-based startup’s last funding round was $3 million announced in November. It now claims to be used by 6,000 companies in Singapore, the United Kingdom and Hong Kong, giving it $9.5 Singapore-based digitalbusiness assistant Osome raises $3 million. Ong, who joined as an angel investor.
Suzanne Xie is the business lead for B2B payments at Stripe and a former SaaS founder. In a recent Stripe survey, 63% of B2B recurring revenue businesses said they were confident of their growth in 2023. In a recent Stripe survey, 63% of B2B recurring revenue businesses said they were confident of their growth in 2023.
In addition, Toni works on several digital-economy-related initiatives that support the scaling of digitalbusinesses, stimulate startup ecosystems and accelerate the digital transformation of key industries in Africa, Asia, the Caribbean and the Middle East. A glimpse into Singapore’s current startup ecosystem.
However, the benefits of exploring your inner dynamics extend far beyond business. In an article titled “Why Leaders Lose Their Way,” Harvard business professor, Bill George, explains why the disconnection from personal reality can happen like this. They can support you through risky decisions, business downturns, and even job loss.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. All this contributes to improving operational efficiency and lowering costs for all parties.” .
billion yen (approximately $32 million) in a Series A round led by Global Brain, with participation from ANRI, Digital Holdings, Yamauchi No 10 family office and World Innovation Lab (WiL). . The latest funding will help Josys speed up its overseas expansions, including Singapore, India, Australia, New Zealand, the U.K,
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 This lets Jenfi continuously monitor its borrowers’ business activity, including revenue growth and marketing return on investment.
WhatsApp has long transcended its roots as a simple messaging app for friends, and is now a core communication tool for businesses seeking a direct channel to their customers’ pockets — both literally, and metaphorically. We focus on traditional businesses with a digital gap.” Take App: WhatsApp ordering.
Despite banks’ digital transformation efforts, many haven’t made the switch successfully, he ardently claims. To his point, a 2022 survey found that — among banks and credit unions who believe they’re at least three-quarters through a transition to digital — less than 25% have seen a meaningful increase in revenue.
Many Southeast Asian digitalbusinesses run into obstacles when seeking early-stage growth financing. That’s where Singapore-based Jenfi comes in, providing revenue-based financing of up to $500,000 with flexible repayment plans that co-founder and chief executive officer Jeffrey Liu refers to as “growth capital as a product.” .
billion new endpoints to Visa Direct ’s digital payments network. This enables many more consumers and small businesses to send funds to markets in Africa, Asia and Latin America, where digital wallets are often the default payment method. One of Thunes’ focuses is emerging markets where there are a lot of unbanked people.
Google-backed DotPe, which helps businesses in India go online and sell digitally , is in advanced stages of talks to raise about $50 million in a new financing round, a source familiar with the matter told TechCrunch. These offerings puts DotPe chasing a similar set of audiences as other startups, including Zomato, Swiggy and Dukaan.
Arta is building the “digital family office for the world,” said Sengupta in an interview with TechCrunch. You can try to do it yourself, but most of us are so busy with our work and life that all sorts of financial planning falls by the side. You can go to the financial planner, but it feels old school for us tech-savvy people.
As cryptocurrency goes mainstream, attracting individual and institutional investors , digitally-savvy employers realize tokens are an increasingly attractive form of compensation, especially for their millennial staff. But paying employees in digital assets can create all sorts of administrative hurdles.
Fireblocks , an infrastructure provider for digital assets, has raised $310 million in a Series D round of funding that tripled the company’s valuation to $2.2 In particular, Fireblocks provides custody to institutional investors and has secured the transfer of over $1 trillion in digital assets over time. .
Created by the founder of Thunes, global digital currency payments institution Triple-A wants to close the gap between traditional finance and blockchain-based payments with its white-label solutions for businesses. It enables clients to pay in or accept crypto and get fiat money in their bank accounts the next day.
It currently has operations in in five markets: Singapore, Malayasia, the United Arab Emirates and Hong Kong, and is preparing to launch in Thailand. per annum and allows funds be withdrawn within one to three business days. Other investment apps in Singapore include Endowus, Kristal.AI In Singapore alone, it is around $1.1
Intellect , the Singapore-based mental health platform that now serves over three million users in 20 countries, is getting ready for a new phase of growth after striking a strategic partnership with IHH Healthcare, Asia’s largest private healthcare group. IHH Healthcare is Intellect’s first strategic investor.
Two months after its seed round announcement, Singapore-based startup Upmesh has raised a $7.5 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. . million pre-Series A round led by Monk’s Hill Ventures.
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