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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.
Ogilvy & Mather is one of the most well-known international advertising, marketing and public relations agencies. But when it comes to incorporating technology into marketing for brands, the stalwart has been willing to cede a point to a particular startup in Singapore. Social marketing is not as easy as it seems.
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.
Glints , the Singapore-based career platform, announced today it has raised $22.5 The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. million in Series C funding led by Japanese human resources management firm PERSOL Holdings.
Both companies are based in Singapore and operate in Southeast Asian markets. Other acquisitions ShopBack has made to build out its business include personal finance community Seedly and Ebates Korea. ShopBack , the Rakuten-backed e-commerce loyalty platform, announced today it will acquire buy now, pay later startup Hoolah.
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.
Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. 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.
Arcc, a coworking space in Singapore available for bookings on Deskimo. Its on-demand booking app is currently available in Singapore and Hong Kong, with plans to enter more markets after Demo Day. Pricing ranges from about $2 to $4 USD per hour, with desks in central business districts typically costing more.
For brands, it gives them a way to conduct market research and collect first-party data, which is important as marketers prepare for a post-cookie world. 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.
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. . The company is currently operating its service in Singapore, but plans to enter other markets like Malaysia, Hong Kong and Taiwan, Gordon Tay said. . “We
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. It may surprise you to learn that the technology itself takes a back seat to market demand. Eddy Lee, Ph.D, Step 1: Test your demand.
Based in Singapore with offices throughout Asia and Australia, Reebelo wants to make buying pre-owned tech as desirable as a brand new device. It has offices in Australia, Singapore, New Zealand, Hong Kong, Malaysia and Taiwan. But the two said something like Recommerce didn’t exist yet in Singapore, where Rastouil grew up.
The Singapore-based company announced today it has raised $6 million in seed funding, led by B Capital Group. Singapore-based sales productivity platform Nektar raises $2.15 Part of Nektar.ai’s seed funding will be used to build a go-to-market team focused on the United States. million seed round.
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.
Pieter Walraven is the co-founder of Pie, a Singapore-based SaaS startup. As an Asia-based SaaS business founder, I’ve lost count of how many times I’ve been asked: “Why did you base your startup in Asia, and not the US?” For a SaaS business, there’s the usual list of compelling reasons to focus on the States.
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. Why Alibaba rival Pinduoduo is investing in agritech.
The Singapore-based startup has raised $1 million in pre-seed funding led by Plug and Play APAC and Seed Capital, with participation from Earth Venture Capital and angel investor Alice Foo. The new funding will be used for AlterPacks’ commercialization, including production and supply, in markets like Asia, Australia and Europe.
Singapore-based Nektar.ai , a productivity platform for sales teams, has raised $2.15 Demand Sage raises $3M to make sales and marketing data more accessible. Nektar co-founders Abhijeet Vijayvergiya and Aravind Ravi Sulekha. million in seed funding. Most of its early users are primarily late-stage SaaS companies, Vijayvergiya said.
Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . In addition, Volopay will hire aggressively in each of its new markets. . To date, Volopay has raised approximately $31.4
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.
Two companies in the data business are teaming up, with Near announcing that it has acquired French startup Teemo. Near could potentially expand into other markets by making similar acquisitions in the future, Mathews added. This will allow us to be stronger and to grow even faster, beyond the French market.”.
The round will be used to expand into more markets and develop new features for StaffAny’s platform, which currently operates in seven countries, including Singapore, where it is based, Malaysia, and Indonesia. It brings the startup’s total raised to $4.2
In a press statement, Sasidharan said, “Zenyum’s differentiated business model gives it a strong competitive advantage, and we are excited to partner with the founder management team to help them realize their growth ambitions.” This brings Zenyum’s total raised so far to $56 million, including a $13.6
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
Headquartered in Singapore, proptech startup Propseller is on a mission to make real estate transactions more efficient and data-driven for sellers and buyers alike. Founded in 2018, Propseller will use its Series A to scale its business model, expand its offerings and enter overseas markets. co ,” said Jorge.
The company announced today it has raised a $100 million Series A that will be used to expand quickly in the United States and on its Singapore research and development center, which is currently under construction. and other big markets, like Brazil or China, first. in a relationship Menezes compares to Apple and Foxconn. “If
After several launches, however, the Singapore-based startup noticed an interesting trend: customers were ordering batches of products from Raena every week and reselling them on social media and e-commerce platforms like Shopee and Tokopedia. Image Credits: Raena. “Basically, you have to block your capital upfront.
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 million seed round last year.
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.
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 digital business assistant Osome raises $3 million. Ong, who joined as an angel investor.
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 At the current share price, Delhivery’s market cap has shrunk to $2.8 It counts SoftBank Vision Fund, Tiger Global, Carlyle Group, Steadview Capital, Singapore’s GIC and the UK’s Baillie Gifford among its backers.
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 digital business assistant Osome raises $3 million. .
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. The platform brings both emerging and traditional brands to the world of local retail in Asia.
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. .
Suzanne Xie is the business lead for B2B payments at Stripe and a former SaaS founder. The SaaS market could grow almost 10% every year to 2027 — and I think that’s a conservative estimate. In a recent Stripe survey, 63% of B2B recurring revenue businesses said they were confident of their growth in 2023.
Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.
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.
Entrepreneurs with businesses in Asia know that fundraising here can be a daunting task. The ways of doing business across the Pacific are very different than in Silicon Valley, and the quality and breadth of VCs out here vary widely across different countries. The players in Japan have had their ups and downs.
Rahul Varshneya is the co-founder of Arkenea , a company committed to helping entrepreneurs and businesses build, market and monetize their mobile apps. The point is, deals like these create hopes for many people who aspire to run their own mobile app business and launch themselves as a closet entrepreneur.
The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.
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