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CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced today $2.6 million in pre-Series A funding to scale up its online coding school platform. In Vietnam, the demand for IT talent is dramatically increasing by 47% a year, while supply is only increasing by 8% year-on-year. pre-seed round.
There’s a large education gap in Vietnam between urban centers, which have access to more resources, and the smaller cities and rural areas where 80% of students live. Edupia , an online learning platform, is bridging that divide with its live classes and private tutoring.
It also plans to connect different providers, so users can have more choices on the same platform. In a statement about the investment, East Ventures managing partner Koh Wai Kit said, “Digital technologies can improve the accessibility and affordability of good quality healthcare.
Kilo , a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In The startup retained thousands of MSMEs in 24 provinces across Vietnam, Ryan Wilber, Kilo’s head of product and engineering said.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand.
Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. The platform uses computer vision to detect potential safety hazards, construction progress and the location of machinery and materials.
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.
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. . Southeast Asian lending platform Validus raises $20 million for its Series B+ round.
Now Infina , which calls itself the “Robinhood of Vietnam,” is announcing an oversubscribed $2 million seed round. of people in Vietnam have invested in stocks. But according to the Vietnams Securities Depository , about 500,000 trading accounts were opened during the first five months of 2021, a 20% increase from all of 2020.
A few months ago, brothers Hai Nam Bui and Hai Long Bui were developing a bookkeeping app for small retailers in Vietnam. Called SoBanHang (or “sales book”), it would help businesses that usually rely on paper ledgers digitize their operations, similar to Khatabook in India and BukuKas and BukuWarung in Indonesia.
With COVID-19 prompting many to digitize, startups that focus on SMEs have been raising large rounds of funding to scale up quickly. The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. KoinWorks is the latest.
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. . We are taking the best practices along with key learnings to our next market launch.” .
Glints , one of Southeast Asia’s largest talent development and recruitment platforms, announced today it has raised $50 million in an oversubscribed Series D. year-over-year, continuing its trend of annual revenue growing at a triple-digit percentage. This brings Glints’ total raised so far to $80 million. Glints’ team.
Jeff ’s loan brokerage platform was created to make it easier for financial service providers to integrate alternative data scoring, allowing them reach more potential borrowers. The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN).
A startup called Peeba has built a B2B wholesale online platform that connects independent retailers across Asia with unique brands around the world. The Hong Kong-headquartered company wants to help Asia-based B2B retailers reduce inventory risk and offer higher operational efficiency with lower costs via its platform. .
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. Image Credits: SwipeRx.
QuotaBook , a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. Some of its previous backers, including Draper Associates and Capstone Partners, joined the round. Image Credits: QuotaBook.
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. 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. How will digital media survive the ad crash?
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. Orders can be placed through the platform or by email and WhatsApp. Orders can be placed through the platform or by email and WhatsApp.
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.
It now offers 15 products, including policies for gig workers, gamers, cars and farmers in Vietnam, and says it has facilitated more than 300 million policies and increased gross written premiums by 30 times since 2019. Another, more recent one, is is Weather Index Insurance product in Vietnam.
Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency. 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.
Its new strategic investor may be adding another few to that list: Panasonic’s construction business is particularly active in India, Turkey and Vietnam. Spain, Kenya, Uganda, Dubai, India, Thailand, Vietnam, the Philippines, Malaysia and Australia, have been using KANNA since its initial product launch 2020, the company said.
The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch.
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 recently began operating in Vietnam and will use part of its Series C+ to enter the Philippines. .
Coding education platform co-founders Tung Nguyen and Ha Nguyen. Vietnam’sdigital economy is one of the fastest growing in the world, but the country is facing a growing shortage of IT workers. For example, I was born in a poor working family, in a remote province in Vietnam.
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.
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.
Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever. Fairbanc also received previous investment from East Ventures, 500 Global and Michael Smapoerna. BNPL in 2022: 4 fintech investors discuss regulation, trends and how to stand out.
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 July, it announced a strategic investment in legacy online payments platform Dragonpay. in Accel-led Series B.
They can’t list those designs publicly on their website or sell through popular business-to-business platforms such as Alibaba and IndiaMart, as doing so would risk giving away the proprietary property to rivals. SourceWiz has built a platform to digitize the way exporters operate. This is where SourceWiz comes in.
A Seoul-based proptech startup called Rsquare built a data-driven platform to digitize the process, enabling tenants to compare multiple properties and find an office. Rsquare, which opened an office in Vietnam in June, is set to enter Singapore this month and Indonesia in 2022, Lee added. It has 354 employees as of October.
Greenlabs, founded in 2017 by Scott Sungwoo Choi, Shin and Luke Donghyun Ahn, wants to digitize the entire value chain of agriculture space from crop production to distribution with a mission to address the global food supply problem in a sustainable way. Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round.
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 ” Xendit was originally launched as a P2P payments platform before evolving into its current model.
Supermom , a parenting platform with 20 million users in six Southeast Asian countries, offers parents price comparisons, communities and the chance to earn money by completing surveys. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets. TechCrunch+.
Toward that end, Toss plans to use the proceeds of its newest fundraise to invest in its products, including digital lending and online payment service for individuals and local merchants. . Viva Republica continues to push ahead with its acquisitions. Toss Payments’ monthly trading volume surpassed $ 2.7 billion in November.)
Based in Jakarta, IDEAL simplifies the process with a platform that lets users compare mortgage products and apply for them from multiple banks at the same time. Before launching IDEAL, Surjaudaja was former head of operations strategy at digital payment service OVO. IDEAL’s digitalplatform seeks to solve these challenges.
million Series A led by Hambro Perks, with participation from Sequoia India & Southeast Asia’s Surge, Arsenal Growth, Kaplan, Ascend Vietnam Ventures and STIC Investments. The edtech startup announced today it has raised a $14.3 It also partners with governments and university pathway programs. 4 views on unpaid venture internships.
Unsurprisingly, several countries in the region, like Singapore and Vietnam, have some of the world’s highest crypto adoption rates. Now a startup called SerMorpheus is hoping to connect brands and consumers through digital assets. A digital asset in the form of non-fungible tokens can be used to authenticate ownership.
It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. Some other startups that target SMEs include earned wage access and payroll management platform GajiGesa and Wagely.
The company also unveiled Bill Pay, its latest feature that lets businesses manage and pay invoices by emailing them to Aspire’s AI-based digital assistant. The company has customers from across Southeast Asia, and is particularly focused on Singapore, Indonesia and Vietnam.
The startups are building platforms where people can trade money while betting on whether or not an outcome will happen, from a movie launch to who the next president will be. Tradezi is a months-old, Ho Chi Minh City, Vietnam-based startup that calls itself the “Robinhood for Southeast Asia.” Clupp and Momento.
Founded in 2019 by brothers Paul Ndichu and Eddie Ndichu , Wapi Pay provides a payments gateway for African businesses to receive and send money from Asia via mobile money platforms and bank accounts. Most of the focus on remittance has been the flow of money into Africa for sustenance.
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