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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

and Philippines. The investors for this unnamed round include Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines. This time, a startup from Africa has joined the party. The company made this known via a statement.

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Checkout.com raises $450 million and reaches $15 billion valuation

TechCrunch

The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. According to the startup, it is now the fourth-largest fintech company globally. And the company is working on adding India and the Philippines.

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Maritime recruitment platform Seafair gets $5.7M led by General Catalyst

TechCrunch

Greece is one of the global superpowers in shipping, so when I was working in consulting, I became close to the industry and really fell in love with it.”. Shipping companies are based around the world, but about 50% of seafarers come from Eastern Europe and the Philippines, so they typically rely on agencies to staff vessels.

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Financial comparison “super app” Jeff raises $1.5M seed extension

TechCrunch

Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. It also plans to enter the Philippines in the third quarter. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.

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Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia

TechCrunch

to send money to the region, much higher than the global average of 6.8%. “We spent some time in Asia, given the growing trade relationship between the two corridors [Africa and Asia], and saw the growing need to make this more efficient, faster and cheaper, evolving from remittances to global payments. ” he added.

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Singapore-based Transcelestial uses lasers to build affordable internet networks

TechCrunch

Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. Some of its previous backers include EDBI, Entrepreneur First, 500 Global, SparkLabs Global Ventures and Michael Seibel.

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Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions

TechCrunch

Kwara said that its existing clients have experienced a membership growth of over 19% year on year, three times the global average, as the loan base of credit unions using its technologies went up 46%, about five times the national average. About 175 credit unions are licensed in Kenya to serve nearly 4.1 last year to reach $5.6

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