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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.
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.
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 definitely doesn’t need to be a bank account, it could be in a digital wallet, e-commerce platform or other service providers.”
The Singapore-based startup announced today it has raised a $12 million Series A to build out its B2B transactions platform. All of Tinvio’s existing investors—Sequoia Capital India’s Surge, Global Founders Capital and Partech Ventures—also returned for its Series A, which brings Tinvio’s total raised to $18.5 million seed round.
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. Additionally, the city state’s strategic location at the crossroads of major shipping lines and air routes connects large parts of Asia to the rest of the world, making it a global logistics hub,” he added.
There are now about 50 million people with dementia globally , a number the World Health Organization expects to triple by 2050. Neuroglee , a Singapore-based health tech startup, wants to help with a digital therapeutic platform created to treat patients in the early stages of the disease. The round was led by Eisai Co.,
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
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. Singapore’s micromobility startup Beam raises $26 million.
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
Forto , a digital freight forwarder which has experienced a boom during the pandemic, has raised another $50 million in funding. Additional investment came from Iris Capital, with strong participation from current investors, including Rider Global, Northzone, Cherry Ventures and the Italian venture fund H14.
Over 229 family offices have been registered in Singapore since 2020, with total assets under management of an estimated $20 billion. This implies a substantial opportunity for investments to develop the region’s digital economy. Southeast Asia has become an attractive market for U.S. and Chinese tech firms.
Based in Singapore, Nimbly develops software that automates more of that process. Its features include digital checklists, inventory management and field audits that can be accessed through a mobile app. Many work teams, especially stores and restaurants, rely on manual spreadsheets to ensure their operations are running smoothly.
While companies around the world turned to software during the pandemic to ensure that they could keep operating , accelerating the digital transformation, there has been analogous work going on in the consumer world. Let’s talk about the fintech market from a global perspective and a U.S.-focused The global perspective.
Easy Eat AI , a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Many food and beverage businesses started digitizing orders and payments so they could offer deliveries during the COVID-19 pandemic.
SleekFlow , an omnichannel social commerce platform that helps businesses build customer flow automation from messaging and live video to transactions, has closed $8 million Series A funding led by Tiger Global Management. The global social commerce market is projected to rise to $6.2 and other countries in Europe. trillion by 2030.
H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee. There are currently about 16.4
The Singapore-based company announced today that it has raised $640 million in Series E funding to expand its products, which combine computer vision and cloud-based software to help brick-and-mortar stores manage their inventory, merchandising and operations. Singapore is poised to become Asia’s Silicon Valley.
million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. . Image Credits: Digital Twin Environment developed by Morai SIM – Las Vegas, NV. Morai SIM already replicated more than 20 cities across the globe. .
Based in Hong Kong, Coherent helps insurance providers go digital. The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic.
We digitize new brand discovery, automate the negotiation and client management process, and streamline logistics and shipping by pooling orders,” Cho said. Lai said that another key specialization is its competitive shipping rates and steeper discounts that allow global brands to trial or test their products in a completely new market. .
MOLOCO , an adtech startup that uses machine learning to build mobile campaigns, announced today it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 MOLOCO’s customers include King Digital, Playrix and Netmarble. Amazon confirms acquisition of Sizmek’s ad server.
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. A glimpse into Singapore’s current startup ecosystem.
Specifically, clients can buy and sell digital assets (from Bitcoin, Ethereum and Link to Litecoin, PaxG and multiple stablecoins) directly on BlockFi. The startup is also a lender and provider of trade execution services to institutions participating in digital asset markets. . It’s a model that seems to be working in a big way.
The round included returning investors Target Global, AltaIR Capital and Phystech Ventures, and new backers S16VC and venture capitalist Peng T. 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
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.
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. .
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. but also in France, Brazil, Singapore, Hong Kong, etc.
On Apriil 29 Microsoft and TechSoup held an NGO Connection Day at the Microsoft office in Singapore. TechSoup's partner NGO, the Hong Kong Council of Social Services , attended as well, giving local attendees a personal insight on how TechSoup's global network enables capacity and community building around the world.
Intellect , the Singapore-based mental health platform that now serves over three million users in 20 countries, is getting ready for a new phase of growth after striking a strategic partnership with IHH Healthcare, Asia’s largest private healthcare group. Its other backers include Tiger Global, Y Combinator and Insignia Ventures.
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. A close look at Singapore’s thriving startup ecosystem. In Singapore, for instance, Ninja Van , Carousell , Carro and Nium were among startups that hit unicorn status.
Backed by investors including the Bill and Melinda Gates Foundation and CDC Group, Cropin is set on digitizing the agricultural industry. Founded in 2010, Cropin’s other products are live in 92 countries, it is partnered with over 250 B2B customers and has digitized 26 million acres of farmland. Cropin’s leadership team.
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. This includes $75 million in equity and a $25 million debt facility. The company says that it saw $10 billion in annualized transaction volumes last year.
Arta is building the “digital family office for the world,” said Sengupta in an interview with TechCrunch. Arta has chosen a “massive unsolved problem in the global fintech space. Sengupta said the startup plans to expand to many markets including Singapore and India over the coming years.
billion new endpoints to Visa Direct ’s digital payments network. This enables many more consumers and small businesses to send funds to markets in Africa, Asia and Latin America, where digital wallets are often the default payment method. Three billion people globally are still left out or poorly served by the formal economy.
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch.
The G2 financing was led by DST Global, with participation from CITICPE, GIC, Temasek, TBP, DCP, Ocean Link, Greenwoods and Danhe Capital. Thus, the shift to digital learning has poured fuel on an already booming education market. 8 edtech investors talk re-skilling, digital universities, ISAs and other post-pandemic trends.
Fireblocks , an infrastructure provider for digital assets, has raised $310 million in a Series D round of funding that tripled the company’s valuation to $2.2 The latter is the third global bank to invest in Fireblocks in addition to the Bank of New York (BNY) Mellon and SVB Capital. . billion in just over five months.
Founded in Singapore and based in Los Angeles and South Korea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
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. Singapore-based open finance startup Finantier gets backing from Y Combinator.
The company was launched in Hangzhou, China, before moving to it current headquarters to Singapore, and about 70% of its users are in mainland China, followed by markets including South Korea, the United States and Southeast Asia. Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa.
CEO Eddie Wu, in an internal memo, said the move aims to enhance the companys ability to serve consumers worldwide and support small- and medium-sized enterprises in expanding across global markets, as reported in Chinese media outlet 36Kr. In September, Taobao introduced an English version of its platform in Malaysia and Singapore.
In 2021, however, it plans to use its Series C to speed up the pace of its expansion, launching in Hong Kong, Singapore, Thailand, mainland China, Australia and Turkey before entering markets in Europe and the United States, too. How will digital media survive the ad crash?
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.
It is uncertain what has made the relaunch possible: a thawing of digital relations, or simply the passing of time in a digitally fractured and fast paced geopolitical environment? Context: Indias push for data localization has been a cornerstone of its digital regulatory framework.
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