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Summer International stays ahead of the game by identifying the most influential content creators, and working with them to incubate new brands. NYX founder and Bespoke Beauty Brands CEO Toni Ko will also join Summer International as a strategic investor. NYX was acquired by L’Oreal in 2014 for about $500 million.
Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. And Indonesia in particular warrants special attention, as the fourth-largest economy in the world and the most populated Southeast Asian country with 273.5 million people.
While Waresix’s platform digitizes all parts of the supply and logistics chain, its current focus is on mid-mile logistics services, or transportation from warehouses to distributors. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M It currently serves more than 100 cities.
Unlike other emerging economies such as China, India and Indonesia, which have embraced digitization and technology, Pakistan has trailed the region in the adoption of technology and startup formation. Despite this, investors have dreamed for years of the huge opportunities in unlocking Pakistan’s potential as a digital economy.
SwipeRx , a platform for pharma professionals, said Tuesday it has secured a $27 million Series B round led by Indonesia’s MDI Ventures, with participation from the Gates Foundation, Johnson & Johnson Impact Ventures, Susquehanna International Group and existing backers.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,
Existing investors Bessemer Venture Partners and Susquehanna International Group (SIG) led the round with strategic participation also from Citi Ventures, a subsidiary of the New York-based investment banking giant Citigroup. The Mumbai-based startup works with commercial banks to power their digital loan services.
Indonesia-based startup GoTo Group announced today it has secured more than $1.3 The latest round was led by Abu Dhabi Investment Authority (ADIA), with participation from Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad (PNB), Primavera Capital, SeaTown Master Fund, Temasek, Tencent and Ward Ferry.
Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. Flip is Insight Partners’ first investment in Indonesia. . Arriyan, Luqman Sungkar and Ginanjar Ibnu Solikhin co-founded the company in 2015 while studying at University of Indonesia.
Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. Gojek’s GoPay is also partnered with the Indonesia mosque council to allow users to make zakat, or obligatory alms giving, online. out of its 33.6 out of its 33.6
A senior executive at Chinas Ant Group expected digitalization driven by innovative technologies to become a key factor during the post-pandemic recovery, especially the prosperity of SMEs, while also reducing financial exclusion and enhancing data security. However, technologies and support systems behind payment methods are not coordinated.
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.
The software enables HR teams to digitize employee records, automate administrative tasks like employee onboarding and time-off management, and integrate employee data from different systems. On the other hand, companies in Indonesia collect multiple forms of ID information, including KTD (resident’s card), KK (family card) and NPWP (tax ID).
In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. Mapan digitized that concept, and turned it into a service where users, also mostly women, can use it to pay for goods and services.
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.
Other backers included Visa (Brankas was a member of its 2021 Accelerator Program), AFG Partners and Treasury International, the venture capital firm led by fintech veterans including Jeff Cruttenden, co-founder of Acorns and Eli Broverman, co-founder of Betterment, also invested.
The filing today marks a major turnaround for Oyo that grew too ambitiously in international markets in recent years but corrected course by hitting the brakes on some of those efforts. The startup said in the filing today that four markets — India, Indonesia, Malaysia and Europe — account for about 90% of its overall revenue.
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. year-over-year, continuing its trend of annual revenue growing at a triple-digit percentage. Glints’ team.
The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks. ” Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group. .
Dable (the name is a combination of “data” and “able”) currently serves more than 2,500 media outlets in South Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia. It has subsidiaries in Taiwan, which accounts for 70% of its overseas sales, and Indonesia. How will digital media survive the ad crash?
Today GrowSari , a startup that is digitizing sari-sari stores with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total funding to $30 million. Its ultimate goal is to serve one million sari-sari stores.
That surpasses its internal target by 7x and the app will be available for public download soon. CEO Ongki Kurniawan was previously country head of Stripe Indonesia and also held leadership positions at Grab, telcoXL Axiata and Line, while COO Karan Khetan is a serial entrepreneur whose past startups include 5x and BookMyShow Southeast Asia.
Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. Before launching Jeff, Niparts was CEO of Spain for Digital Finance International, a fintech company that is part of the Finstar Financial Group. It also plans to enter the Philippines in the third quarter.
Most of its users are in Vietnam, but Edupia is also expanding into other Southeast Asian markets like Indonesia, Thailand and Myanmar, and adding more subjects, including math and coding. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
This post was written by GuideStar International communications manager Keisha Taylor and originally published on the GuideStar International blog. A team of 13 interns successfully geocoded 1,216 World Bank projects in 7 weeks, defying the belief in some quarters that it would be impossible. Tags: International News.
billion investment in Indonesia-based GoTo’s e-commerce unit to revive its online shopping business, three months after the short video platform had been forced to suspend retail services. The move follows Chinese counterpart TikTok’s $1.5 Tech in Asia ]
Tapas Media aims to turn digital comics into the next big entertainment franchise. Wuxiaworld also has partnerships with Chinese digital publishers that can create additional synergies. . . It also entered Indonesia in 2017 and Indian in 2020. The announcement comes nearly seven months after Kakao Entertainment’s two U.S-based
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 has also set up internal compliance and pharma co-vigilance team to ensure privacy and security.
Fund II also achieved internal rate of return (IRR) of 34.7%, compared to 26.1% 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. for the other funds.
But compared with traditional banks, it was the seventh-largest digital financial services provider in that area. Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019. But its broader vision is not to be just a digital bank but also a commercial bank. ” FairMoney French team.
Interpark offers online travel booking services and international shipping to more than 230 countries and targets Korean, English, Chinese, and Japanese-speaking customers. Indonesia, the Philippines, India, and Africa as of September year on year. .
Data Digest is a weekly round-up of the latest news on data-related projects in the nonprofit sector, compiled and authored by Keisha Taylor of GuideStar International and TechSoup Global. They are building a network of Pulse Labs to this end, the first of which operates in Jakarta Indonesia. It was originally published on NetSquared.
Alibabas Southeast Asia-focused retailing unit Lazada made its first monthly profit in July, CEO James Dong announced at a Tuesday internal meeting, saying the positive status of the firms earnings before interest, taxes, depreciation, and amortization (EBITDA) proves the effectiveness of Lazadas business strategy, an attendee told TechNode.
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
In the case of the Philippines, Chinese media outlet Jiemian reported that Indonesia-founded J&T Express would oversee its last-mile logistics. Similar to its main competitor Shein, Temu leverages China’s supply chain network to offer international customers ultra-low-cost products.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
Indian edtech giant Byju’s to expand to international markets. Each video is supplemented with digital resources called smart notes to replace the guidebooks many students buy for studying, and practice questions with detailed solutions.
The targets need to be linked like so: --> Jump to events in North America or go international with events in. Jakarta, Indonesia: Strategy of Data Collection for Nonprofits. Jakarta, Indonesia: YouTube for Nonprofits. Beirut, Lebanon: Lebanon's Digital Big Bang — An AltCity Info Session. Africa and Middle East.
We know that good stories power fundraising and marketing, so join one of our free events to discover powerful case studies and connect with digital storytelling experts in your community. The targets need to be linked like so: --> Jump to events in North America , or go international with events in. Asia and Pacific Rim.
TechSoup's NetSquared meetups will bring local nonprofits free digital storytelling workshops in more than 40 cities between August and October. The targets need to be linked like so: --> Jump to events in North America or go international with events in. Seattle, Washington: Digital Communications for Nonprofits.
As people become digitally connected, they gain access fundraise from empathetic individuals around the world. For many, blockchain is synonymous with Bitcoin—but its potential for international development goes far beyond cryptocurrency. BitPesa, Banqu, and UCash are scaling similar concepts in Kenya, Indonesia, and India.
The targets need to be linked like so: --> Jump to events in North America or go international with events in. Kampala, Uganda: Digital Storytelling for Nonprofits Workshop. Bamenda, Cameroon: How to Create Digital Stories. Jakarta, Indonesia: Web Hosting. The link need to be like so: Africa. Africa and Middle East.
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.
April 2023 EU warns Twitter over disinformation Twitter was confirmed April 25 as one of 19 major tech platforms subject to centralized oversight by the European Union’s executive starting this fall, when so-called very large online platforms (VLOPs) are expected to be compliant with the Digital Services Act (DSA).
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