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Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. Railsbank raises $10M Series A for its open banking and compliance platform.
The Malaysia-based company said today it has raised $7 million in Series A funding led by Headline, with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group and Calendula Ventures. Since its last round of funding in January 2020, Respond.io Malaysia-based Respond.io Respond.io
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 But using manual methods often results in food wastage and higher costs. million so far.
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.
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. million USD) in pre-Series A funding from Rakuten Ventures and Beyond Next Ventures to build a B2B logistics platform for farmers that sell to restaurants, hotels and other F&B (food and beverage) businesses.
The Singapore-based startup announced today it has raised $6.6 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.
Easy Eat AI , a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Founded in 2019 by Mohd Wassem, Rhythm Gupta and Abdul Khalid, Easy Eat AI currently has operations in Malaysia, and plans to expand into other Southeast Asian markets.
San Diego-based startup LifeVoxel has raised $5 million in a seed round to bolster data intelligence of its AI diagnostic visualization platform for faster and precise prognosis. Kovalan, who was born and raised in Malaysia, studied computer science in Ohio State University, and on completion, went on to specialize in artificial intelligence.
Homage , the caregiving-focused startup, has raised a $30 million Series C led by Sheares Healthcare Group, which is wholly-owned by investment firm Temasek. Homage currently operates in Singapore, Malaysia and Australia. It brings Homage’s total raised to more than $45 million.
Human resources platform Employment Hero announced today it has raised $181 million AUD (or about $129 million USD), putting it at unicorn valuation in Australian dollars of $1.25 It has now raised a total of $220 million AUD. billion (or about $890 million USD).
Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B.
LottieFiles , a platform for JSON-based Lottie animations, has raised a Series A of $9 million. The new funding brings its total raised to about $10 million. ” The new funding will be used on LottieFiles’ product roadmap, expanding its infrastructure and increasing its global user base.
AppWorks , the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. Many of these LPs also participated in AppWorks’ $50 million second fund in 2014. for the other funds. for the other funds.
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment. Founded in 2016, its target is to serve 50 million users by 2025.
This brings Bibit’s total funding to $110 million, including a Series A announced in May 2019. Indonesian robo-advisor app Bibit raises $30 million led by Sequoia Capital India. For mutual funds in particular, Bibit said investors grew 78% year-over-year to 3.2
It also included returning investors CDIB Capital, Darwin Ventures, Accuvest, Sanput Travel Group and CSV Venture Fund, which is jointly managed by NEC Capital Solutions and Venture Labo Investment. Its Series B brings FunNow’s total funding, including its 2018 Series A , to about $22.5 He added that COVID has changed consumer habits.
TechCrunch caught up with Benjamin Croc , the company’s co-founder and CEO, who is located in Kuala Lumpur, Malaysia (the city pictured in the image at the top of this post). BrioHR raised the capital using a convertible note, with terms that Croc described as near to standard. Personio raises $125M on a $1.7B
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. According to Crunchbase data , this brings Lalamove’s total raised so far to about $976.5 All three are returning investors. million monthly active users.
Speedoc , a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. Speedoc is available in a total of nine cities, including eight in Malaysia. Southeast Asia health tech platform Speedoc raises $28M by Catherine Shu originally published on TechCrunch.
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. Southeast Asian fintech Fazz raises $100M Series C to serve businesses of all sizes by Catherine Shu originally published on TechCrunch.
Una Brands , the e-commerce aggregator focused on Asia-Pacific brands, announced today it has raised $15 million for its Series A. 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).
Singapore-based fintech Hashstacs Pte Ltd (STACS) announced today it has raised $3.6 million USD in pre-Series A funding. Founded in 2019, STACS has now raised a total of more than $6 million and is preparing to raise Series A funding later this year.
The startup, which counts Nexus, Foundamental and Accel Partners among its investors, has raised about $275 million to date. “We Some of its clients are in Bangladesh, Malaysia, Singapore and Dubai. “We The new round valued Mumbai-headquartered Infra.Market at $2.5 We are delighted to double-down on our investment in Infra.Market.
Today the Hong Kong and Malaysia-headquartered startup announced it has raised $23 million in Series B funding to scale its team and product. WATI’s last round of funding was an $8.3 million Series A announced 10 months ago, and its new round brings its total raised to more than $35 million since 2020.
HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital. The company’s previous round of funding was a $20 million Series C announced in April 2019.
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.
HealthifyMe has now raised more than $100 million in total. Weight-loss platform Noom bulks up on $540 million in new funding. About 25% of HealthifyMe’s revenue comes from outside of India, including Singapore and Malaysia. Vision Fund backs Chinese fitness app Keep in $360 million round. “We
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. . CloudEats says it has served more than 2.5 million orders.
of iCar Asia from Malaysia internet conglomerate Catcha Group. Carsome rival Carro revealed one month ago that it raised a $360 million Series C led by SoftBank Vision Fund 2, boosting it to unicorn status. Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2.
The company’s Series B, which brings its total raised since 2017 to $41 million AUD, will be used to expand in Southeast Asia and double its total team by hiring 100 new people, including 50 software developers. The company launched in Singapore in May, followed by Malaysia in August.
The company announced today it has raised a $5.15 Other investors included Orbit Malaysia, Citrine Capital, HMI Group and Emtek. The company currently operates in Singapore, Malaysia and Indonesia, and plans to enter into new countries with its new funding. million SGD (about $3.8
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 million in pre-Series A funding led by Jungle Ventures. More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas.
Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. listing.”.
The startup announced today it has raised a $5 million Series A led by Monk’s Hill Venture. The funding will be used to expand in the Asia-Pacific region, including Indonesia, the Philippines, Malaysia and Indonesia, and to add new features in response to demand from hospitals and healthcare organizations during COVID-19.
” The company is coming out of stealth today and also announcing that it has raised $12 million in funding led by Petra Group and Freestyle Capital, with participation from Jake Roper, Peter Hollens, Wendy Ayche (a.k.a. ” Former YouTube exec unveils Next 10 Ventures, a $50M fund to back online creators.
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
Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. Spiral Ventures Asia Fund I and Beyond Next Ventures. This brings the startup’s total raised so far to $4.5
Aruna announced today it has raised $35 million in Series A funding led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures. The platform currently has about 20 product categories and will use its funding to expand into more.
The company just raised a $6 million Series A round, led by Gobi Partners, Pacific Century Group and Complex China, to strengthen its foothold in the U.S. The funding comes at a time when the global sneaker resale market is thriving, with an expectation to reach $30 billion by 2030, according to a 2020 report by Cowen Equity Research.
GoGet , a Malaysian on-demand work platform, announced today that it has raised a $2 million Series A led by Monk’s Hill Ventures. While Malaysia has other on-demand work platforms, including Supahands and Kaodim, each has its own niche. The Series A will be used to expand GoGet in Malaysia.
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. Wholesale marketplace Abound raises $22.9M.
Mumbai-headquartered Infra.Market said on Thursday it has raised $20 million in a Series B financing round. The round was led by Evolvence India Fund, Sistema Asia Fund and Foundamental, while existing investors Accel, Tiger Global and Nexus also participated. The four-year-old startup has raised about $50 million to date.
Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. And Southeast Asia is no exception. million in a Series B led by Silicon Valley heavyweight Accel.
Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools. Meanwhile in Malaysia, where 61.3%
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