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

TechCrunch

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.

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Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2

TechCrunch

Carro , one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth, Provident Growth and Indies Capital.

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The First Global Martus Users Group Meeting

Beneblog: Technology Meets Society

Guest Beneblog by Vijaya Tripathi The first ever Martus users group meeting took place earlier this month in Chiang Mai, the capital of Northern Thailand. Since we began developing Martus 10 years ago, we’ve been able to enhance it only incrementally as project specific funding allowed. This is a truly unique moment in Martus’ history.

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Jenfi raises more funding for its “growth capital as a service” platform

TechCrunch

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

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Hong Kong insurtech startup Coherent gets $14 million Series A led by Cathay Innovation

TechCrunch

With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. Based in Hong Kong, Coherent helps insurance providers go digital. The company also offers three tools for working with customers.

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Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

TechCrunch

The company uses AI and machine learning-based technology underwrite its motor insurance and employee health benefits products, and says its data models also allow it to automate pricing and scale its underwriting process for complex risks. Sunday says it currently serves 1.6 million customers.

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Expanding your startup into Asia? Here’s how to build out your operations in the region

The Next Web

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. See part one here. Hire the right people – local and entrepreneurial.

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