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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.,
Before launching IDEAL, Surjaudaja was former head of operations strategy at digital payment service OVO. Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. IDEAL’s digital platform seeks to solve these challenges.
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).
The startup has not disclosed the ratio of debt and equity (like many other e-commerce aggregators, Una uses debt funding to buy brands because it is non-dilutive). The company now has 90 team members in seven offices across the Asia-Pacific: Singapore, Australia, India, China, Indonesia and Malaysia.
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). Founded in 2014, ACV’s portfolio now has over 120 investments in Indonesia and the rest of Southeast Asia.
.” Having grown up in Karachi, childhood friends Ahmed and Aziz are aware of the challenges about the Pakistani education system, which is notably worse for those not living in large urban areas (the nation’s student-teacher ratio is 44:1).
The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than $2 billion in financing to MSMEs since it launched in 2015. It is now licensed and registered in Singapore, Indonesia (where it is known as Modalku), Malaysia and Thailand.
This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. Kredivo will use the debt facility to help achieve its goal of serving 10 million customers in Indonesia. Kredivo raises $30M to build a digital credit card for Southeast Asia.
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. That said, FairMoney also claims to have an NPL ratio lower than 10%. . The Indian market is quite similar to Nigeria’s.
Homebase , a Ho Chi Minh City-based proptech startup that helps people buy homes, announced today it has raised $30 million in equity and debt (the ratio was undisclosed). co, one of the largest property portals in Singapore and Indonesia. YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam.
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