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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.
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.
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). YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam. Right now in Vietnam, buying property is really painful.
Other participants included Ratio Ventures, Walled City Co, i2i Ventures, Suya Ventures, Globivest, Afropreneur Syndicate, +92 Ventures, Sunu Capital, Musha Investments and angel investors like senior executives from ride-hailing platforms Careem and Swvl, where Bajwa worked before launching Tazah. Kamereo gets $4.6M
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
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.
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. The startup announced today it has raised $3.8 Used responsibly, credit is a vital part in fueling the growth of economies.
I mean, my God, when he became Muhammad Ali, he wasn’t allowed to fight for two years, because he wouldn’t go to Vietnam, because the Viet Cong had done nothing to him, as he said, right? We can make something better than what Google has today, but they will see it as a feature and they will eat us, so we’ll never get funded”.
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