TechCrunch

MARCH 28, 2022

GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 Along with prior funding, including $45 million announced in January , this brings the round’s total to about $110 million. million to its Series C round.

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TechCrunch

SEPTEMBER 14, 2021

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. This new round brings its total funding so far to $238 million. Accel led Xendit’s $64.6

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TechCrunch

NOVEMBER 12, 2020

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. London, Manila (Philippines), Kuala Lumpur (Malaysia), Melbourne (Australia), Vietnam and Sri Lanka.

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TechCrunch

FEBRUARY 15, 2022

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.

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The Next Web

NOVEMBER 11, 2013

DesignCrowd , the Australia-headquartered crowdsourcing service for designers, has big plans: it wants to grow its business from $10 million to $100 million as quickly as possible – and its first step is to conquer the US. The latest funding will be used to set up a US office and build up a team in the next 12 months.

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TechCrunch

NOVEMBER 17, 2020

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.

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TechCrunch

MAY 17, 2023

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.

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TechCrunch

JANUARY 25, 2022

Enter BreederDAO , a months-old, Philippines-based “specialist manufacturer” of digital assets for use in blockchain-based games and virtual worlds, including “Axie Infinity.” Why fund an outfit that’s solely focused on producing digital assets, as if they were widgets on a factory line?

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TechCrunch

MAY 15, 2023

Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. million in pre-Series B funding, led by Headline Asia. This lets Jenfi continuously monitor its borrowers’ business activity, including revenue growth and marketing return on investment.

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TechCrunch

JULY 25, 2022

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. We align ourselves with a lot of the ESGs.”.

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TechCrunch

APRIL 21, 2022

MadEats , Y Combinator alum, claims to be the first “‘full-stack’ delivery-only startup in the Philippines,” with their own virtual storefront, ghost kitchens and fleet of drivers. million in seed funding led by JAM Fund, Crystal Towers Capital, Starling Ventures, MAIN and Rebel Fund.

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TechCrunch

MAY 19, 2022

Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam.

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TechCrunch

FEBRUARY 15, 2023

It would appear that OpenAI’s Chat GPT allying with Bing will not be the only threat to Google’s search business model in the future. 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. While this may not trouble U.S. per month).

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TechCrunch

MAY 11, 2021

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.”

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TechCrunch

DECEMBER 22, 2020

Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The company’s last funding announcement was in February 2019, when it hit unicorn status with a Series D of $300 million. All three are returning investors.

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TechCrunch

SEPTEMBER 23, 2022

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.” .

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TechCrunch

SEPTEMBER 23, 2021

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 $90 million funding raised is a combination of debt and equity, $45 million each. Brazil, Pakistan, and the Philippines. ” More than 1.5

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TechCrunch

MARCH 29, 2022

Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. . yearly since 2017 thanks to the growing accessibility of smartphones.

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TechCrunch

OCTOBER 19, 2021

It’s so popular that a startup in the Philippines that exists solely to lend money to players who want to get started in “Axie Infinity” (one needs first to buy its digital creatures) attracted a check from Andreessen Horowitz. A month later, “Axie Infinity” itself announced funding from the firm.

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TechCrunch

DECEMBER 26, 2022

Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment. Akulaku, which operates in the Philippines and Malaysia in addition to Indoensia, offers a virtual credit card and installment shopping platform, as well as an investment platform and neobank.

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Philippines Raise Asia Malaysia 97

TechCrunch

JULY 5, 2021

The funding was led by Sequoia Capital India’s Surge (Locad is currently a part of the program’s fifth cohort), with participation from firms like Antler, Febe Ventures, Foxmont, GFC and Hustle Fund. Part of its funding will be used to expand into more Asia-Pacific markets, focusing on Southeast Asia and Australia.

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TechCrunch

AUGUST 29, 2022

The new capital will be used to expand Glints’ talent supply base in the Philippines and employer demand globally and hiring for its product and tech teams. Founder and CEO Oswald Yeo told TechCrunch the company is focusing on the Philippines because of “its large and fast-growing international workforce.

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TechCrunch

FEBRUARY 9, 2022

This amount includes Brick’s previously undisclosed seed funding, which TechCrunch reported in May 2021 , but the majority of it is fresh capital, said co-founder and CEO Gavin Tan. Its third-largest vertical are bookkeeping and accounting apps used by businesses. The company announced today it has closed a $8.5

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TechCrunch

JANUARY 5, 2022

The funding was led by Insignia Ventures Partners, with participation from returning investors Beenext and Integra Partners. As a result of increasing adoption, he said that “large multinational financial service providers like Visa are embracing open finance, even if it may threaten their legacy business in the short term.”.

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TechCrunch

OCTOBER 6, 2022

The proliferation of delivery services give customers many options, but means chaos for busy restaurants that need to manage orders across multiple apps and channels. Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform.

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TechCrunch

MARCH 2, 2021

The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. Xendit works with businesses of all sizes, processing more than 65 million transactions with $6.5 Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines.

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Asia Raise Philippines Indonesia 99

TechCrunch

AUGUST 19, 2021

billion crypto fund, Arianna Simpson is very focused on how to return that capital and much more to the firm’s limited partners. billion Crypto Fund III. How did you first come across this digital horse racing business? Katie Haun on saying yes to Coinbase and where a16z’s crypto fund is placing its bets now.

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TechCrunch

MAY 11, 2022

Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The latest round brings its total funding raised to $41.4 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other.

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TechCrunch

MAY 30, 2022

HitPay has almost everything SMEs need to run their businesses. million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital. That entails all our plugins, point of sale software, business software, online stores and recurring payments.

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TechCrunch

OCTOBER 7, 2021

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 Philippines, however, many vendors do live commerce to supplement their brick-and-mortar shops.

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TechCrunch

SEPTEMBER 26, 2021

Investors include China’s Alibaba Group as well as existing investors DPDgroup’s GeoPost , Facebook co-founder Eduardo Savering’s B Capital Group , Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund controlled by Brunei, based on its statement. Ninja Van claims it delivers approximately 2 million parcels a day, with more than 1.5

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TechCrunch

AUGUST 16, 2022

Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed. It’s important not to confuse this Pomelo with another Pomelo, a fintech-as-a-service platform for Latin America that has raised $9 million in funding. ) Oh, fintech.

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TechCrunch

MAY 17, 2023

Embedded insurtech is still hot , as the $196 million in funding landed by bolttech proves. The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Group CEO Rob Schimek said the current funding is part of the same round.

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TechCrunch

MAY 15, 2023

Panasonic, the consumer electronics giant that also develops solar panels, air conditioning units and many other products for its sizable buildings and construction business , is taking an investment in Aldagram. It has been partnering with Aldagram since 2022. More than 10,000 corporates in over 10 countries, including the U.K.,

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TechCrunch

DECEMBER 8, 2021

The new funding brings its total raised so far to $10.5 Upmesh will use the pre-Series A funding to expand its regional presence in Southeast Asia and launch its first Instagram live selling app and backend automation features like logistics automation. Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO.

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TechCrunch

AUGUST 23, 2021

Called SoBanHang (or “sales book”), it would help businesses that usually rely on paper ledgers digitize their operations, similar to Khatabook in India and BukuKas and BukuWarung in Indonesia. The businesses SoBanHang had been working with, which are often family owned and have less than five employees, struggled to cope.

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TechCrunch

FEBRUARY 6, 2023

Khairy told TechCrunch that since the startup’s launch, growth has been exponential and they have so far served over 7,000 businesses reaching 20 million customers. Khairy, Assy and Alfar, started building Gameball as a Shopify app, before moving on to build an API solution for businesses outside Shopify. Image Credit : Gameball.

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