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Eazy Digital helps Southeast Asia’s small insurers digitize their operations

TechCrunch

Founded by two insurance industry veterans, Eazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently.

Digital 81
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Thailand’s fintech startup Ascend Money lands $150M at a $1.5B valuation

TechCrunch

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 growth in e-payment suggests changing consumers’ spending habits as Southeast Asia moves toward a digital economy and a cashless society,” Thamavaranukupt said. “The

Thailand 103
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Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

TechCrunch

Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. All this contributes to improving operational efficiency and lowering costs for all parties.” .

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Hong Kong insurtech startup Coherent gets $14 million Series A led by Cathay Innovation

TechCrunch

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.

Asia 115
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Malaysia-based inventory management platform Food Market Hub raises $4 million from Go-Ventures, SIG

TechCrunch

Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.

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Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

TechCrunch

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. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

Asia 131
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Southeast Asian open finance startup Brankas gets $20M Series B led by Insignia Ventures

TechCrunch

Brankas , an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B. Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era. Will also announce partnerships with digital banks and fintech leaders in Vietnam soon and Bangladesh, going live early this year].

Open 97