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Voyager Innovations , the Manila-based owner of PayMaya , one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. The fintech endgame: New supercompanies combine the best of software and financials.
and Philippines. The investors for this unnamed round include Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa.
Voyager Innovations , the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 Voyager’s last round of funding was in July 2021 , when it raised $167 million in preparation for launching its neobank.
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.
Just a year later, Checkout.com added $150 million in funding at a $5.5 Checkout.com is now valued at $15 billion based on today’s funding round. And the company is working on adding India and the Philippines. With today’s funding round, the company will open two new offices in the U.S.
This brings Seafair’s total funding to about $7 million. Maritime intelligence platform Greywing raises seed funding from investors like Flexport. Shipping companies are based around the world, but about 50% of seafarers come from Eastern Europe and the Philippines, so they typically rely on agencies to staff vessels.
The funding brings Jeff’s total raised to about $2.5 Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. It also plans to enter the Philippines in the third quarter. The startup announced today it has raised a seed extension of $1.5 million, led by J12 Ventures.
Embedded insurtech is still hot , as the $196 million in funding landed by bolttech proves. The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Group CEO Rob Schimek said the current funding is part of the same round.
Users choose the delivery channels they want, such as bank to bank, wallet to wallet, bank to wallet and wallet to bank options to transfer funds as well as make merchant payments, with settlement done within 24 hours,” said CEO Eddie in a statement. African startups join global funding boom as fintech shines.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. Eventually, it has its eyes on space, deploying its wireless fiber optics from orbit.
Kwara has over the last year entered South Africa and Philippines, as the demand for its services grew beyond Kenya. The seed round was led by Breega VC firm, with participation of SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners, Globivest and Do Good Invest. last year to reach $5.6
The new funding brings the total seed amount raised by the startup to $7 million. Initial round saw participation of several investors including Breega, SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners. In Kenya, only 175 deposit-taking saccos are licensed, as a vast majority remain unregulated.
Airlift, once one of Pakistan’s most richly valued and funded startups, shut down in July due to lack of capital and an unsuccessful attempt to close a funding round. Before that, the commerce service platform raised $85 million in the country’s largest Series B funding, at a valuation of $275 million. Image Credits: Kite.
Originally launched six years ago with an API for bank transfers, Xfers has since expanded its portfolio of software to include payment acceptance for businesses, tools for disbursing and transferring funds and a cryptocurrency wallet. ” Singapore-based Xfers Lands $2.5M To Simplify Bank Transfers For Online Sellers.
“[The customer] may be a 600-person fintech company with an HQ in Hong Kong, but their management team is sitting in Hong Kong, their sales teams in Sydney, Melbourne, their dev team is in Indonesia and their sales team is in Philippines, and already that breakdown of managing remote teams is sophisticated and nuanced in its own way,” Fan said.
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