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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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Kilo, a Vietnamese B2B e-commerce platform for MSMEs, bags $5M pre-Series A

TechCrunch

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.

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HomeBase raises $30M to help more people in Southeast Asia become property owners

TechCrunch

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.

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Tazah gets pre-seed funding to make Pakistan’s agriculture sector more bountiful

TechCrunch

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

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Southeast Asia’s Creative Galileo wants to make learning fun with popular cartoon characters

TechCrunch

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

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Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

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.

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Indonesia’s IDEAL takes the pain out of applying for mortgages

TechCrunch

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.