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Despite a weeks-long multinational crackdown , scam centres along the Thai- Myanmar border are still operating with up to 100,000 people working there, the top police general leading Thailand’s operations against the fraud compounds told Reuters. “We have to discharge people as quickly as possible,” Thatchai said.
I recently had the pleasure of visiting one of our longtime Martus partners in Thailand, The Network for Human Rights Documentation – Burma ( ND-Burma ). ND-Burma, a Thailand-based coalition of over ten human rights groups, has been collecting narrative testimonies from victims and witnesses of human rights abuses by the Burmese regime.
The Series D funding, which brings its total funding to date to approximately $91.7 Moindy’s founder became the company’s country manager in Thailand and POKKT’s co-founders are now the company’s COO and managing director in India and the Middle East, respectively, Sogo added.
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.
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.
Zipmex , a digital assets exchange headquartered in Singapore, announced today it has raised $6 million in funding led by Jump Capital. Along with earlier funding, it brings the total Zipmex has raised so far to $10.9 The exchange is regulated in Singapore, Australia and Indonesia, and licensed in Thailand. million in funding.
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
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.
Ascend Money , the Thailand-based fintech startup behind TrueMoney, an e-wallet service, announced today it has raised a $150 million Series C round at a valuation of $1.5 About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
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. It continues to operate in Indonesia, Malaysia and Thailand. The round was led by Naver Financial Corporation and Gafina B.V.,
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. The company’s last funding announcement was in February 2019, when it hit unicorn status with a Series D of $300 million. All three are returning investors.
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.
The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs. Other insurtech startups in Indonesia that have recently raised funding include Lifepal , PasarPolis , Qoala and Fuse. Sunday says it currently serves 1.6 million customers.
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.
I was invited to present a key note at the Mekong ICT Camp in Thailand about nonprofits, social media, and measurement. The camp was organized by Thai Fund Foundation in partnership with Opendream , , Thai Netizen Network , Frontier Foundation and Tactical Technology Collective. The theme for the training was “ Data, Data.”
The Thailand-based startup created a one-click payment solution for social commerce sellers and has raised $2.5 million in seed funding led by Sequoia Capital India and Southeast Asia’s Surge, with participation from Partech Partners. Beam is currently focused on Thailand, with plans to expand into Southeast Asia.
The funding was led by Insignia Ventures Partners, with participation from returning investors Beenext and Integra Partners. Brankas new funding will be used to build new APIs and double its current team of 100. Brankas , an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B.
Konvy had the advantage of starting in Thailand when there were no really significant e-commerce players there at the time,” Huang told TechCrunch. We’ve since leveraged our first mover advantage in Thailand to become a leading e-commerce player in the market.”. Konvy founders Leon Huang, Pornsuda Vangvidhayakul and QingHui Huang.
Doowa was previously co-founder and CEO of Frank Insurance, an online digital broker in Thailand that was acquired by Bolttech in 2021. Many insurance companies in Thailand manage their agents using a combination of Excel, Line chats and phone calls. Eazy Digital was founded last year by Haprem Doowa and Maethavee Sukul.
Eat Just’s current distribution partners in Asia include SPC Samlip in South Korea, Betagro in Thailand and an as-of-yet undisclosed new partner in China, where Just Egg is already available on Alibaba’s Tmall and JD.com. Its investors include Khosla Ventures and Li Ka-Shing.
And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. Deliveree is currently available in Indonesia, the Philippines and Thailand. What portion of that sales cost is spent on logistics and transportation and warehousing? It’s about 8%.
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. Ninja Van claims it delivers approximately 2 million parcels a day, with more than 1.5
Citigroup also has agreed to sell its Southeast Asia retail operations in Indonesia, Malaysia, Thailand, and Vietnam to Singapore-based United Overseas Bank for about $3.7billion in January. . Since its last funding in May 2020, Validus has grown its team substantially, adding more than 25 percent new hires.
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.
Indonesia, China, Philippines, Thailand and Japan. The funds will go toward expanding the 50-person company’s sales and marketing team — both of which have been fairly small portions of the company’s overall headcount. The list includes Chile, Colombia, Peru, Brazil, Australia, Canada, the U.S., Skycatch Raises $13.2M
Facebook has previously offered music videos in Thailand and India. Bloomberg previously reported that Facebook had been offering to fund the production of certain music videos in exchange for exclusivity. Facebook has previously offered music videos in Thailand and India.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam.
He is an adviser and investor focusing on high-impact entrepreneurship in emerging markets and has worked with the World Bank, International Finance Corporation, as well as numerous funds and startups focusing on developing countries. A glimpse into Singapore’s current startup ecosystem.
million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital. It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines.
Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. He added that expanding into Indonesia and the Philippines will “round off our SEA footprint,” which already includes Singapore, Thailand and Vietnam.
million USD) in Series C funding. The company’s Series C, which it claims is one of the largest private rounds raised by a Southeast Asian healthtech company, brings its total funding to more than $140 million SGD. . The funding will be used to deepen Doctor Anywhere’s presence in its current markets and expand into new ones.
The latest round brings its total funding raised to $41.4 JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. million (3.5 billion yen) in equity and $11.6 million (1.5 billion yen) in debt.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. More than 10,000 corporates in over 10 countries, including the U.K.,
This brings Food Market Hub’s total funding to $4.7 Part of Food Market Hub’s Series A will be used to expand into Indonesia, Thailand and Vietnam. Freshket lands $3 million Series A led by Openspace to streamline Thailand’s food supply chain. million so far.
The capital brings Intellect’s total funding since the Y Combinator alum was founded in 2019 to $23 million, and will be used to launch commercially in more markets, expand its operations and build out its mental healthcare system. Intellect describes this as “the largest venture round raised by any mental health company in Asia.”
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. By bringing down the cost of managing claims, Igloo is able to offer lower premium to customers.
It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand and Vietnam. According to Crunchbase , the company has raised over $10 billion, including from SoftBank’s Vision Fund. In order to go public, Grab has chosen to merge with a SPAC named Altimeter Growth Corp.
The funding news comes a few weeks after The Parentinc said that it had added LINE Southeast Asia as a shareholder. Other strategic investors in the company include JD.com and SCB 10X, which has helped build Mama’s Choice presence in Indonesia and Thailand. just weren’t covered in books and websites,” Mahtani Cheung told TechCrunch.
Ajaib Group’s founders said it differentiates as a low-fee stock trading platform that also offers mutual funds for diversification. Bibit is a robo-advisor for mutual funds, while Bareksa is a mutual fund marketplace. Ajaib Group’s platform now includes Ajaib Sekuritas for stock trading and Ajaib Reksadana for mutual funds.
It will also use the funding for global expansion, Kimura said. The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S. SmartRyde announced today it has secured a $1.6 Honolulu, Las Vegas, Miami) and Japan, Kimura said.
The funding was led by Asia Partners, with participation from returning investors Burda Principal Investments and Ondine Capital. Carsome , which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D.
million in pre-Series A funding led by Jungle Ventures. Its new funding is the first time Jungle Ventures has invested in the mobility sector and included participation from Wavemaker Partners, Hustle Fund and iSeed Ventures. In 2018, he moved back to Vietnam and launched Dat Bike.
The funding environment for startups across the globe has been challenging for the past year, but some sectors are still attracting checks as if it was 2021. The new funding comes in the wake of a stellar couple of quarters at Kream: The company says its monthly active users have more than doubled to 5.3 million from 2.2
Tinvio’s last funding announcement was a $5.5 Since its seed funding, Tinvio says its client base has increased four times to over 5,000 businesses in Singapore, Indonesia, Thailand and other Asian markets. million seed round in April 2020. Tinvio, a communication platform for supply chain merchants, gets $5.5
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