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There’s a large education gap in Vietnam between urban centers, which have access to more resources, and the smaller cities and rural areas where 80% of students live. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
Berlin-based y42 (formerly known as Datos Intelligence), a data warehouse-centric business intelligence service that promises to give businesses access to an enterprise-level data stack that’s as simple to use as a spreadsheet, today announced that it has raised a $2.9 million seed funding round led by La Famiglia VC.
." Prior to this move, users in a country like Vietnam would pay the exact same price as folks here in the US. Roblox Creators have to opt-in for the service. This effectively priced out users who live in countries with weaker economic conditions.
The home ownership rate in Vietnam is about 90% , but many millennials are struggling to join that number. Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing. An said some of Homebase’s customers use the service because they are unbanked.
As of mid-2024, the company operates nearly 100 bonded, direct-mail, and overseas warehouses globally, covering nearly 1 million square meters across key markets including the US, UK, Germany, France, Vietnam, and the UAE. By late 2021, JD.com officially pulled the plug on Joybuys original business model.
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.
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.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. This will include the launch of “credit cards as a service” in the U.S. Railsbank is a utility for the complete financial services backend: platform, connectivity, operations, scheme memberships (e.g.
Now Infina , which calls itself the “Robinhood of Vietnam,” is announcing an oversubscribed $2 million seed round. of people in Vietnam have invested in stocks. But according to the Vietnams Securities Depository , about 500,000 trading accounts were opened during the first five months of 2021, a 20% increase from all of 2020.
Kilo , a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In Kilo was founded in 2020 by Narayan, former CMO of Groupon, vice president of Coupang and chief business officer of TIKI Corporation.
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.
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.” .
Introduced in 2020, the visa allows non-EU nationals to live in Estonia for up to 12 months while working remotely for a foreign employer or running their own location-independent business. If youre earning your income from abroad, Vietnam doesnt tax itmaking it an especially attractive spot for freelancers, founders, and remote teams.
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. Fuse uses mobile applications to offer an agent-focused service, B2A (Business to Agent/ Broker).
A few months ago, brothers Hai Nam Bui and Hai Long Bui were developing a bookkeeping app for small retailers in Vietnam. 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.
For many, this makes it is difficult to secure loans and other services because they don’t have traditional financial records like a credit score. Jeff ’s loan brokerage platform was created to make it easier for financial service providers to integrate alternative data scoring, allowing them reach more potential borrowers.
Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. million users.
Founded in 2017, Loship offered one-hour deliveries for a large range of products and services, including food, ride-hailing, medicine and B2B supplies. Loship’s new funding will be used to expand into new cities and grow verticals like B2B deliveries for small food and beverage businesses and retail stores. Kamereo gets $4.6M
The company’s business model is similar to Divvy Homes and ZeroDown in the United States and, in fact, Divvy Homes co-founder and former CEO Brian Ma and Zerodown chief operating officer Troy Steckenrider III are investors in Homebase. YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam.
The exceptional capacity of Langoo in its local business with Riiid Tutor was the main reason for this acquisition,” said co-founder and CEO of Riiid YJ Jang. Riiid plans to shore up marketing, sales and B2B business development in Japan by setting up a Japanese unit via the acquisition. Canada, Brazil, and Vietnam. .
Founded in 2013 for on-demand deliveries within the same city, Lalamove has since grown its business to include freight services, enterprise logistics, moving and vehicle rental. The company entered the United States for the first time in October, and currently claims about 480,000 monthly active drivers and 7.2
It is a portfolio of loans to hundreds of small businesses in Singapore, which is the target market Validus serves, Goel added. . Last year, it acquired KlearCard, Singapore’s business payments and expense management platform. . In January, the company crossed a significant milestone of over $1 billion (SG$1.6
The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. Glints says its cross-border remote work hub, TalentHub, doubled its business in 2020 as the pandemic also made employers more open to hiring remotely.
Ascend Money , the Thailand-based fintech startup behind TrueMoney, an e-wallet service, announced today it has raised a $150 million Series C round at a valuation of $1.5 The e-wallet service also serves as a payment channel for B2B, ranging from big brands to local SME owners as well as street market entrepreneurs.
The Vietnam War and Big Data: A Case Study in Machine Learning Robert S. It was his work as Secretary of Defense during the Vietnam War, though, that connects him to what we now call data science and big data analytics. At a high-level, winning the Vietnam War What is the key uncertainty he hoped to solve? Fair question.
Brankas’ platform offers a roster of more than 10 “banking-as-a-service” embedded APIs, including ones for opening online bank accounts, credit scoring, identity verification, e-commerce transactions and gig economy payments. Founded in 2016, Brankas goal is to “democratize access to financial and identity data.”
Supply chain disruption caused by the COVID-19 pandemic and the war in Ukraine is driving increased costs of goods and services, affecting not only the industrial sector (e.g., Brazil, Turkey, India, Vietnam, Australia, Tanzania, the Netherlands, and Canada,” Hoshik Shin, founder and CEO of Tridge, told TechCrunch.
It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. Around this time, the two met Mishra, who was head of business for Indian delivery startup Dunzo, and started talking about how to solve the onboarding problem at scale. It plans to do the same for other crypto services like payments.
Based in Singapore, the company has evolved from a ride-hailing app to a Southeast Asian super app that offers several consumer services, including food delivery, financial services, such as an e-wallet so that you can send and receive money. This is even more critical as our region recovers from COVID-19.
Hwang said that its business model is similar to Outschool, the San Francisco-based after-school marketplace for children. Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. pre-seed round.
Being “underbanked” doesn’t mean that someone lacks access to financial services. Finantier , a Singapore-based open finance startup, wants to streamline that data with a single API that gives financial services access to user data, with their consent. Building Southeast Asia’s financial infrastructure.
Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. The company, which bills itself as “the Stripe of Southeast Asia,” also plans to add value-added services in addition to payments, like working capital loans. This friction means lost business for companies.
Rsquare will spend the proceeds on advancing its AI-based proptech platform, accelerating its commercial building transaction and fulfillment centers brokerage service and increasing headcount to 400 employees by next year, Lee said. It has 354 employees as of October.
The funding, which brings TreeDots’ total raised to $15 million, will be used to grow its operations in Malaysia, where it expanded last year, enter other markets and continue optimizing its logistics and supply chain business, called TreeLogs. The startup says its gross merchandise volume (GMV) has grown more than 4x year-over-year.
They can’t list those designs publicly on their website or sell through popular business-to-business platforms such as Alibaba and IndiaMart, as doing so would risk giving away the proprietary property to rivals. The way their business works is that buyers offer feedback and provide specifications for exactly what they want.
The startup offers services including “Farm Morning,” an app that aggregates reliable data using AI, giving more than 500,000 farmers insight into crop lifecycle, and “Sinsun Market,” a B2B fresh produce marketplace for over 10,000 enterprise buyers, the company said. It also built smart farming software and hardware for farmers.
Toward that end, Toss plans to use the proceeds of its newest fundraise to invest in its products, including digital lending and online payment service for individuals and local merchants. . Most recently, Toss launched a buy now pay later (BNPL) service in March, which it says has amassed more than 1 million registered users.
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. It aims for fast and easy integrations so that businesses can more easily accept payments digitally.
Founded in 2019, Komunidad has clients in the Philippines, India, Cambodia and Vietnam, and serves multiple sectors, including utilities, agriculture, mining, education, local governments and business outsourcing centers. The reports were meant to help businesses respond more quickly to natural disasters.
As remote work continues to solidify its place as a critical aspect of how businesses exist these days, a startup that has built a platform to help companies source and bring on one specific category of remote employees — engineers — is taking on some more funding to meet demand. All of that is done in the cloud.”
KoinWorks is headquartered in Jakarta, with holding in Singapore and tech offices in Yogyakarta, India and Vietnam. Demand increased as more businesses went online during the COVID-19 pandemic and the startup says its user base tripled to 1.5 He says banks serving traditional SMEs have at least double KoinWorks’ NPL. “As
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. A business cannot even realistically cover a subset of those countries from Singapore. See part one here. Be ‘local’ but don’t overdo it.
Kredivo Holdings , which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The company’s products include online and offline buy now, pay later, personal loans, credit cards and banking services through Krom.
More than three-fourths of Southeast Asia’s population is unbanked or underbanked , meaning that don’t have a bank account or access to traditional lending services. Brick works closely with Bank Indonesia and Indonesia’s Financial Services Authority and is participating in Bank Rakyat Indonesia’s Sembrani Wira accelerator program.
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