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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
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. In the Philippines, on the other hand, “the real problem was accepting money,” so Xendit developed direct debit with Grab.
The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. According to the startup, it is now the fourth-largest fintech company globally. And the company is working on adding India and the Philippines.
Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 It aims for fast and easy integrations so that businesses can more easily accept payments digitally.
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. . The cloud kitchen market in Asia is projected to grow at 14.2% billion by 2030 , up from $15.2
Last month, for example, her team co-led an investment in Virtually Human Studio , the startup behind a digital horse racing service Zed Run, wherein users buy, sell and breed virtual horses whose value rises depending on their performance against other virtual horses. How did you first come across this digital horse racing business?
Greece is one of the global superpowers in shipping, so when I was working in consulting, I became close to the industry and really fell in love with it.”. Shipping companies are based around the world, but about 50% of seafarers come from Eastern Europe and the Philippines, so they typically rely on agencies to staff vessels.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Inside Plaid’s plans to build a new, global finance network. The funding fill be used to double down on Brick’s presence in Indonesia and regional expansion.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. The global construction management software market is expected to reach $23.9 billion in 2031, up from $9.3
Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia. Apart from e-wallet, we are an agent-based payment and remittance service provider.
In addition, Toni works on several digital-economy-related initiatives that support the scaling of digital businesses, stimulate startup ecosystems and accelerate the digital transformation of key industries in Africa, Asia, the Caribbean and the Middle East. Jamil Wyne. Contributor.
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. Like Tala, Branch started as a digital lender offering loans to customers in Nigeria, Kenya, Tanzania and India. where it is headquartered.
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.
Igloo currently works with 20 global, regional and local insurers across Southeast Asia. Mehta said that the penetration rate of insurance in much of Southeast Asia is low, less than $100 USD per capita across Indonesia, Vietnam and the Philippines. Another, more recent one, is is Weather Index Insurance product in Vietnam.
Fairbanc also received previous investment from East Ventures, 500 Global and Michael Smapoerna. Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever.
It supports 10 digital assets, including Bitcoin, Ethereum, Solana, Polygon, Axie Infinity and USD-backed stablecoins USDC and USDT, and plans to expand to over 50 assets in the coming months. Afterward, they get a short lesson on the potential risks of investing in digital assets before choosing which ones they want to deposit or invest in.
It also plans to enter the Philippines in the third quarter. Before launching Jeff, Niparts was CEO of Spain for Digital Finance International, a fintech company that is part of the Finstar Financial Group. Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia.
million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era. Inside Plaid’s plans to build a new, global finance network.
million seed funding it has raised from 500 Global, P1 Ventures, Launch Africa, and Middle East VCs Seedra Ventures, Arzan Ventures, Propeller, Core Vision, as well as a number of regional investors. Gameball’s clientele include Sega, Xiaomi, Experience Philippines and Breadfast. Gameball’s expansion drive is backed by a $3.5
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. It’s already eyeing Vietnam and the Philippines and has established partnerships in Brussels.
to send money to the region, much higher than the global average of 6.8%. Therefore , digitizing has been mostly around delivery rather than building new infrastructure and payment processing models for African individuals and businesses to make cross-border payments. . African startups join global funding boom as fintech shines.
The rest of the round came from investors including iGlobe Partners, Alkemi, Global Brain, KDV and Infocom. The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, Saudi Arabia and Egypt.
It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. Summer International brands are sold through a mix of digital and offline channels, including e-commerce platforms, social and live commerce platforms and big box stores.
This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. As a global financial center, one could argue that Singapore’s startup ecosystem is in a category of its own when compared to its neighbors.
million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including BlockTower, Hashed Emergent, Saison Capital, and Global Coin Research.
And importantly , this is the group that demonstrated their confidence and desire to really solve what is a global problem,” said the CEO. First, around product development, the team is eager to build next-generation digital renewable energy. Brazil, Pakistan, and the Philippines. “These are the core differences.
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. Kwara is building a neobank for credit unions.
Thus, by aggregating off-chain and on-chain data into a non-fungible credit report, Masa says it gives lenders, and developers access to the tools needed to evaluate borrower risk and launch lending products for individuals and businesses globally. . “The world we’re building for is where people’s data are owned themselves.
Bundle’s numbers might not seem impressive from a global standpoint. ” To understand how Nestcoin works is to look at the Digital Currency Group (DCG). Nestcoin’s products cut across Decentralized Finance (DeFi), media, digital art and gaming. . And that’s sort of what we are trying to do with Nestcoin.”
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital.
By comparison, the top quartile of global VC and private equity funds launched around the same time have a TVPI of 2.4x, according to data from Cambridge Associates. Lin said that many of AppWorks accelerator graduates over the past three to five years are from Singapore, Malaysia, Vietnam and, increasingly, Indonesia and the Philippines.
Global Internet adoption growth is actually slowing compared to previous years. The high Internet growth countries are now India, Indonesia, Nigeria, Mexico, and Philippines. Global mobile data traffic is up 81% from the previous year. Here's what I found: Internet growth: 2.6 Big Picture: Everything Is Getting Cheaper.
For some, the pandemic was the final nail in the coffin, but in many cases, cracks in business models were already starting to surface well before COVID-19 ground the global economy to a screeching halt. The media site was started by Josh Topolsky and had an explicit focus on serving millennials with a digital-first news media brand.
The company plans to partner with others to launch such centers in markets like Kenya and the Philippines. Participating investors in its Series A round include the Learn’s Emerging Markets Fund anchored by International Finance Corporation ( IFC ), Bisk Ventures, Global Ventures, Future Africa, the U.K.-based
Yanolja said it has been using its most recent investment to invest in its global travel platform (GTP) and strengthen its automated solutions through artificial intelligence, with the aim of building tech to provide more personalized solutions for users. . Indonesia, the Philippines, India, and Africa as of September year on year. .
“This is also coupled with the fact that last year, the COVID-19 pandemic has driven a significant increase in demand for digital payments and financial services across Indonesian rural areas, creating a huge growth opportunity for us,” Liu added. Payfazz uses payment infrastructure developed by Xfers to accept digital payments.
It’s been really tough concentrating during the latter part of this week due to global events so forgive me if my tone is less upbeat than normal. Construction is the one of the least digitized industries out there. And if you want to have this hit your inbox directly once it turns into a newsletter (soon!), sign up here.
Born in Roxas City, known as the seafood capital of the Philippines, she graduated from the University of the Philippines with a degree in mass communications. Cross-posted on Global s. She has been blogging about her work and life at Sreisaat Adventures in Cambodia since January, 2004. She moved to Cambodia in April, 2000.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
But while global experts search for solutions to bridge the worsening digital divide for women, it turns out the answers are at our fingertips. And then there is Myrna in the Philippines, who escaped trafficking as a young girl and worked as a domestic helper. Even if it is for an hour each day, women will access the Web.
Sara Venturina, VP Head of Data from GCash, the Philippines’ leading e-wallet, and Trevor Laight, Chief Risk Officer from CIMB, a leading ASEAN universal bank, hosted a discussion panel with Jay Schuren, DataRobot Chief Customer Officer. Creating AI Impact Statements: A Human-Centered Approach to AI System Governance. Download Now.
The leaders in adoption are China, India, Indonesia, Iran, Russia, Nigeria, the Philippines, Brazil, and Mexico. All other platforms are in the low single digits. HTC, Motorola, and LG are next, but all are in the single digits with regard to market share. Digital Inclusion. There are now 2.4 telecom companies.
clients “have some sort of global operations.” clients “have some sort of global operations.” “One One of the big problems that companies have when they operate globally is that they actually need to open up an account in all these different countries where they might have employees. Fintech projected to become a $1.5
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. Canada, Australia and Asia.
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