Fund, Indonesia and Ratio - Nonprofit Technology

SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

TechCrunch

FEBRUARY 15, 2022

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.

Fund

Fund Raise Vietnam Asia

AC Ventures reaches first close of a $250M fund for Southeast Asian startups

TechCrunch

SEPTEMBER 14, 2022

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). The fund is targeting $250 million and has raised 65% of that capital so far, mostly from limited partners who invested in ACV’s previous funds.

Fund

Fund Indonesia Asia Malaysia

E-commerce aggregator Una Brands raises $15M Series A five months after its launch

TechCrunch

NOVEMBER 2, 2021

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). Co-founder and chief executive officer Kiren Tanna told TechCrunch the Series A is a priced round with a valuation more than five times Una’s last funding.

Aggregator

Aggregator Raise Asia Indonesia

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HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

TechCrunch

JULY 25, 2022

Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. The funding will be used to add more features to Omni, including a recruitment module by the third quarter and a performance enhancement module by the end of the year.

Asia

Asia Indonesia Singapore Platform

Indonesia’s IDEAL takes the pain out of applying for mortgages

TechCrunch

JULY 27, 2022

million in pre-seed funding led by AC Venture and Alpha JWC, with participation from Living Lab Ventures and Ciputra Group. The funding will be used of product development, hiring and expanding its products. Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”.

Indonesia

Indonesia Malaysia Philippines Thailand

Deliveree is smoothing Southeast Asia’s bumpy logistics landscape

TechCrunch

JUNE 26, 2022

And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. Deliveree is currently available in Indonesia, the Philippines and Thailand. What portion of that sales cost is spent on logistics and transportation and warehousing? It’s about 8%.

Philippines

Philippines Thailand Indonesia Los Angeles

inFeedo gets $12M to help employers find out how their workforce really feels

TechCrunch

MARCH 14, 2022

The company announced today it has raised $12 million in Series A funding led by Jungle Ventures, with participation from Tiger Global and returning investors like Bling Capital. Part of the funding will be used for the company’s second ESOP buyback for all employees. This brings inFeedo’s total raised since the U.S.-headquartered

North America

North America Help Asia Malaysia

Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible

TechCrunch

SEPTEMBER 19, 2021

.” 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).

Pakistan

Pakistan Education Accessibility Student

Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

JULY 10, 2022

A lot of new hiring will happen remotely, with companies turning to Vietnam and Indonesia, which have both seen less layoffs, for top tech talent. For example, he said there is still disproportionate demand for technology and product talent on Glints, with the ratio in job seekers’ favor.

Asia

Asia Singapore Malaysia Vietnam

Opaper takes the friction out of social commerce

TechCrunch

MARCH 7, 2022

On a return trip to Southeast Asia (McIntosh was born and raised in Indonesia), she observed the rise of social commerce, or people selling through social media like Instagram and WhatsApp, and was surprised to see it was similar to all the manual work she had put into her online bakery years earlier.

Social

Social Indonesia Social Media Asia

HomeBase raises $30M to help more people in Southeast Asia become property owners

TechCrunch

NOVEMBER 14, 2021

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.

Asia

Asia Vietnam People Help

SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

AUGUST 22, 2022

billion won ($150 million) funding at a 1.3 FMS is different from car-sharing, which has been Socar’s flagship business for the past ten years, and if stabilized, it is a B2B SaaS that guarantees a high-profit ratio,” Park said. Socar, backed by SoftBank, and Korean strategic investor SK Inc, entered the unicorn club with roughly 183.2

South Korea

South Korea Share Marketing Malaysia

Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

TechCrunch

JUNE 21, 2021

Kredivo will use the debt facility to help achieve its goal of serving 10 million customers in Indonesia. Credit is one of the largest and most complex areas of the financial services ecosystem and the fact is that Indonesia is deeply underserved on that equation,” he said. million, and that number has not changed in 13 years.

Indonesia

Indonesia Asia United States Europe

With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

TechCrunch

FEBRUARY 18, 2021

That said, FairMoney also claims to have an NPL ratio lower than 10%. . Hainy says with Khara’s wealth of experience building consumer products in large emerging markets — India and Indonesia — FairMoney is poised for massive growth in Nigeria and India. The Indian market is quite similar to Nigeria’s.

India

India Nigeria License Latvia

Una Brands launches with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

TechCrunch

MAY 5, 2021

One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Una did not disclose the ratio of equity and debt in the round. Una Brands’ co-founders (from left to right): Tobias Heusch, Kiran Tanna and Kushal Patel.

Asia

Asia Platform South Korea Amazon

Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

JANUARY 10, 2022

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.,

Teach

Teach Skills Digital Online

Southeast Asia’s Creative Galileo wants to make learning fun with popular cartoon characters

TechCrunch

JULY 20, 2022

million in Series A funding from Kalaari. The funding will be used to start scaling Creative Galileo across Southeast Asia, hiring for local teams in Indonesia and Vietnam, its next markets. Creative Galileo’s new funding brings the company’s total raised so far to $10 million, including a pre-Series A round of $2.5

Learning

Learning Fun Singapore Children

Nonprofit Technology

SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

AC Ventures reaches first close of a $250M fund for Southeast Asian startups

Webinars

Trending Sources

E-commerce aggregator Una Brands raises $15M Series A five months after its launch

Webinars

HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

Indonesia’s IDEAL takes the pain out of applying for mortgages

Deliveree is smoothing Southeast Asia’s bumpy logistics landscape

inFeedo gets $12M to help employers find out how their workforce really feels

Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible

Despite layoffs, there’s still a talent crunch in Southeast Asia

Opaper takes the friction out of social commerce

HomeBase raises $30M to help more people in Southeast Asia become property owners

SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

Una Brands launches with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

Southeast Asia’s Creative Galileo wants to make learning fun with popular cartoon characters

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