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At a remote elementary school in the Mekong Delta in Vietnam, until recently, access to safe drinking water was a daily challenge. Urban Taipei obviously has different water infrastructure than rural Nepal or Vietnam. But in Taipei, in heavy storms, the local water supply often quickly becomes polluted.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
million in pre-Series B funding, led by Headline Asia. 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. The Singapore-based startup announced today it has raised $6.6
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.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
million in pre-Series A funding led by Jungle Ventures. Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. In 2018, he moved back to Vietnam and launched Dat Bike. Giving EV batteries a second life for sustainability and profit.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. Another criteria is to back local founders.
Loship , the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. Its previous funding was a bridge round from MetaPlanet Holdings, announced in February 2021. We are locals and we have our winning playbook.
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. Part of the funding will be used to increase Jeff’s team from about 15 people now to more than 40 employees for its offices in Latvia and Southeast Asia.
Before starting Rino, Nguyen was part of the founding team and chief operating officer of Baemin Vietnam, one of the country’s largest food delivery apps. Before that, he served as Grab Vietnam’s head of GrabBike and GrabExpress. Four years ago, food delivery in Vietnam was slow. Rino’s grocery delivery app.
A few months ago, brothers Hai Nam Bui and Hai Long Bui were developing a bookkeeping app for small retailers in Vietnam. Then a new COVID-19 outbreak hit Vietnam. Since launching three months ago, SoBanHang’s “hyper local e-commerce enabler” has signed up almost 20,000 merchants, many selling online for the first time.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Additionally, we’re seeing local employers interested in hiring both tech talent locally and also remote hiring as well.
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. This new round brings its total funding so far to $238 million. Accel led Xendit’s $64.6
The newest round was led by the InsuResilience Investment Fund II, which was launched by the German development bank KfW for the German Federal Ministry for Economic Cooperation and is managed by impact investor BlueOrchard. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
Twinco Capital , a Madrid and Amsterdam-based startup making it easier to access supply chain finance, has raised €3 million in funding. Leading the round is Spanish VC fund Mundi Ventures, with participation from previous backer Finch Capital and several unnamed angels. We believe there is a strong network effect”.
It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. People do not know how to pay gas fees, do not know how to bridge across various blockchains, people do not know what transaction they are approving and end up losing funds.”. We saw a pattern of problems repeating,” the two told TechCrunch.
Investors include China’s Alibaba Group as well as existing investors DPDgroup’s GeoPost , Facebook co-founder Eduardo Savering’s B Capital Group , Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund controlled by Brunei, based on its statement. It currently employs more than 61,000 staff. said Mr.
Glorang , a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Series A funding co-led by Korea Investment Partners and Murex Partners, along with Japan’s Pksha Capital. . pre-seed round.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. Hire the right people – local and entrepreneurial. Be ‘local’ but don’t overdo it.
Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 trillion won in June 2021, when it raised $410 million in pre-Series G funding at a $7.4 Korea Investment & Securities participated in the latest funding as well. billion (8.5
Four months after announcing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. Its previous funding announcement was a $45 million AUD Series D announced in March , led by online job platform SEEK, at the company’s previous valuation of about $250 million AUD.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. Thailand, Indonesia, Korea, and Vietnam each have a couple of very good VC firms. Where are all of the VCs in Asia?
The Manila and Singapore-based startup announced it has raised $1 million in seed funding, led by Wavemaker Partners with participation from ADB Ventures, the Asian Development Bank’s venture arm, to expand in Asia and add features to its platform, including a self-serve version that is slated for release in January 2022.
million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8 With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. The startup has secured $4.2
The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. The e-wallet service also serves as a payment channel for B2B, ranging from big brands to local SME owners as well as street market entrepreneurs.
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. Investors also get charged based on the AUM of their funds and the number of portfolios. Image Credits: QuotaBook.
The Seoul-based firm has expanded to China and Vietnam with its smart farm technologies since 2021. It also plans to penetrate to other overseas countries this year by forming strategic partnerships with local agtech and foodtech players, which play similar strategies to Greenlabs, Shin said. Series B 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.
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital.
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. ” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring.
This event is a biannual training workshop on information, communication, and technologies for citizen media, community health, and civil society development in Mekong Region and included participants are coders, journalists, and NGO staff from Burma, Cambodia, Laos, Thailand, and Vietnam. The camp took place in Cha-am, Petchburi, Thailand.
In one development of that theme, today, Taptap Send — one of the startups building tools to manage these money transfers — is announcing $65 million in growth funding as it continues its mission to enable remittances specifically to the most overlooked countries.
Weder planned on using the Series A funding to expand across Mexico and Latin America — a market he told me represents a $600 billion opportunity — and that’s just what the company did. That further expansion is backed by a new round of funding, this time $152 million in Series B funding, again led by General Atlantic.
” The initial markets will be in Mexico, Costa Rica, Peru, South Africa, Kenya, Uganda and Vietnam, where Apeel’s tech will treat avocados, pineapples, asparagus and citrus fruits like lemons, limes and oranges. . “The value is not just in the longer-lasting produce, it’s in the market access for that longer-lasting produce.”
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. Indonesia’s mortgage penetration rate is also just 3% of the local GDP, one of the lowest in Southeast Asia.
million in seed funding for its goal of becoming “the one-stop for verification in Southeast Asia.” For unbanked users, Firnando said Verihubs is working closely with Payfazz, which lets customers deposit money with local agents to use for online payments, and BukuWarung, a bookkeeping app for SMEs, to access transaction data.
Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global coffee crisis caused mainly by climate change. Coffee as a way out of poverty Still, for locals, the coffee represents a chance at a better future.
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.
The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. Xendit recently expanded into the Philippines and also is considering other countries in Southeast Asia, such as Thailand, Vietnam, Malaysia and Singapore, according to Wijaya. Notably, Y Combinator also participated in the financing.
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. Localized versions of Employment Hero include pre-built employment contracts and policies that comply with local laws.
You don’t trust the local currency and on top of that, you don’t trust banks.” The country ranked fourth on Chainalysis’ Global Crypto Adoption Index , behind only Vietnam, India and Pakistan, and about $8 billion of cryptocurrency passes through the country annually. He has family in Kharkiv, which was being bombarded as we spoke.
But having a diverse cluster of big tech companies helps the ecosystem by providing more resources, including mentorship and early funding opportunities, say Singapore-based investors. This means startups will have to compete more aggressively for talent. Timing was also crucial. “All those dovetailed nicely during that time.”
TechSoup's partner NGO, the Hong Kong Council of Social Services , attended as well, giving local attendees a personal insight on how TechSoup's global network enables capacity and community building around the world.
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