This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. The reports were meant to help businesses respond more quickly to natural disasters. Its new investment will be used to build a scalable platform.
The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion , a 132% increase from 2020, and is expected to reach $26 billion in GMV by 2025. The next big market opportunity for micromobility is commercial, not consumer. As a result, many online sellers need a day to send out orders.
and Philippines. According to the company, R500 million ($34 million) has already been invested in the business, while the rest — R1.1 Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa. TymeBank , a South African digital bank, announced today that it has secured an R1.6
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. The Pack SuperStore app enables sari-sari owners to process their business’ inventory, bookkeeping and data collection. For the more successful ones, it created a full suite of business tools.
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”.
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.
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 It also plans to serve more types of MSMEs, like carinderias (small eateries), small over-the-counter pharmacies and other roadside and market shops. million to its Series C round.
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.
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. DesignCrowd is also keen on exploring new markets. Interestingly enough, 99Designs was also founded in Australia.
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.
Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. She discovered that many people she talked to in emerging markets were creditworthy but lacked immediate access to credit and quick loans.
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).
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.
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.” .
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.
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. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
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. Many small businesses, however, do not have the time or resources to do that.
This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. 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.
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
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. Specifically, the company says it helps Amazon sellers exit their business within 30 days and continue to scale their business “to the next level” post-acquisition.
The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. . Its play-to-earn business allows players to earn rewards by playing games like Axie Infinity, Townstar and Spider Tanks, and also get training from professional esports players.
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.
" She invited me to contribute one sentence for a social media fundraising project she's leading to support female entrepreneurs in the Philippines. She is hoping to raise $10,000 for a group of female entrepreneurs in the Philippines. Some of the contributors so far: Anita Pahor , Women???s
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. The market opportunity is there. ” It is also eyeing other markets.
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. In the U.S.,
E-commerce is booming in Southeast Asia, but in many markets, the fragmented logistics industry is struggling to catch up. Its clients range from startups to international brands, and include Mango, Vans, Payless Shoes, Toshiba and Landmark, a department store chain in the Philippines. million seed round.
Brankas , an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B. 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.”.
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% 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.
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.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Its third-largest vertical are bookkeeping and accounting apps used by businesses. Inside Plaid’s plans to build a new, global finance network.
Vital Wave Consulting covers the opportunities in serving developing markets and one of their blog posts really grabbed me. The Philippines has had cell phone banking for years. Technology really is becoming an incredible tool for empowering the poor. Whenever I see a great example of this, I get excited. In M-Pesa is our hippo!
HitPay has almost everything SMEs need to run their businesses. 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 Y Combinator alum announced today that it has raised $15.75
Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other. million (3.5 billion yen) in equity and $11.6 million (1.5
. “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.,” ” co-founder and co-chief executive officer William On told TechCrunch.
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Africa’s cryptocurrency market grew by 1,200% to $105.6 million pre-seed to that end. billion between July 2020 and June 2021, per research by New-York based research firm Chainalysis.
Tablevibe’s founding team includes two former Googlers: Jeroen Rutten, formerly head of Google Search’s product strategy in APAC and Sneep, who was responsible for its app development go-to-market strategy and led large sales teams. It also serves cloud kitchens, like CloudEats in the Philippines. “As
-based online university platform Nexford University has raised $8 million in a Series A round co-led by New Markets Venture Partners and Learn Capital, two prominent edtech venture capital firms in the U.S. New Markets Venture Partners general partner Jason Palmer and Learn Capital managing partner Greg Mauro will join Nexford’s board. .
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.
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. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player?
MacDonald previously worked for his family’s insurance business, while Schnare earned insurance experience by working for a large player in the market. The two met while at business school. TechCrunch caught up with co-founders Peter MacDonald (CEO) and Joe Schnare (COO) about their company and its new investment.
“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. It allows small businesses to take out short-term credit to purchase fast-moving consumer goods (FMCG) inventory. One example is Fairbanc , which is based in Singapore but focused on Indonesia.
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. The global construction management software market is expected to reach $23.9 billion in 2031, up from $9.3
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand.
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. Despite layoffs, there’s still a talent crunch in Southeast Asia.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content