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Payments company Checkout.com is raising once again. 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.
We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. 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.
million USD) Series B led by Tiger Global, with participation from Jason Lenga. The company’s Series B, which brings its total raised since 2017 to $41 million AUD, will be used to expand in Southeast Asia and double its total team by hiring 100 new people, including 50 software developers. .
Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Railsbank raises $10M Series A for its open banking and compliance platform.
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment. Founded in 2016, its target is to serve 50 million users by 2025.
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . The cloud kitchen market in Asia is projected to grow at 14.2% billion by 2030 , up from $15.2
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others.
The Sydney, Australia-based company announced today it has raised a $45 million AUD (about $34.8 Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. million USD). 6 VCs share their bets on the future of work.
Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. And Southeast Asia is no exception. million in a Series B led by Silicon Valley heavyweight Accel.
The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.
The latest round brings its total funding raised to $41.4 The global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research.
million seed funding it has raised from 500 Global, P1 Ventures, Launch Africa, and Middle East VCs Seedra Ventures, Arzan Ventures, Propeller, Core Vision, as well as a number of regional investors. Gameball’s clientele include Sega, Xiaomi, Experience Philippines and Breadfast. Gameball raises $3.5M
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.
The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. The rest of the round came from investors including iGlobe Partners, Alkemi, Global Brain, KDV and Infocom. The new capital brings Docquity’s total raised to $57.5
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital.
The company announced today it has raised $5.7 Seafair was launched late last year by Agapitos Diakogiannis, who was born and raised in Greece, and its current clients include one of the world’s top 100 shipping companies. Maritime intelligence platform Greywing raises seed funding from investors like Flexport.
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.
Using photos for online organizing is not limited to the US, it is global. Here is a recent example from Global Voices Online reporting on how activists in the Philippines used selfies to protest train fare hikes. Family is Familia. Have you seen great examples of nonprofits using the “selfie” meme for good?
The New York City-based startup has raised $160 million in debt and equity in a Series A round that it says will fund its “aggressive growth plans.” Acquco would not disclose the valuation at which the money was raised, nor the exact breakdown of debt and equity, other than to say “a significant portion was equity.”
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
The protests come just as the New York Times reports that the Seattle-based company has been on a hiring spree this year, expanding its global workforce. Today there’s a global day of action with strikes, protests, and stunts across five continents,” James Schneider, the communications director for Progressive International, tells The Verge.
The Y Combinator alum announced today that it has raised $15.75 million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital.
Nestcoin , a company founded last November that builds, operates, and invests in web3 applications, wants to be pivotal in this transition and has raised $6.45 Bundle’s numbers might not seem impressive from a global standpoint. million pre-seed to that end. Africa’s cryptocurrency market grew by 1,200% to $105.6
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. The investment comes in the wake of a bigger round that the startup raised in the summer of 2022, a $20 million Series A from MonotaRo and JAFCO.
Glints , one of Southeast Asia’s largest talent development and recruitment platforms, announced today it has raised $50 million in an oversubscribed Series D. This brings Glints’ total raised so far to $80 million. The round was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings.
Australia-based Employment Hero raises $45M AUD for its global expansion. “We We had been speaking with them for years, so when they asked if we would consider raising, we agreed it was definitely worth exploring. After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam.
For some, the pandemic was the final nail in the coffin, but in many cases, cracks in business models were already starting to surface well before COVID-19 ground the global economy to a screeching halt. Total Raised: $75 million. Total Raised: $330 million. Total Raised: $11.4 Total Raised: $55 million.
This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet.
Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.
Masa Finance , a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 ” Before starting Pngme, an open finance startup that has raised over $18 million in VC funding, Playford actively worked in the blockchain and crypto space for almost a decade.
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. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million.
Then came the rise and fall of the SPAC wave and global supply issues. It is, frankly, a bad time to be raising and, by extension, a bad time to be running an early-stage startup. Before that, the commerce service platform raised $85 million in the country’s largest Series B funding, at a valuation of $275 million.
AppWorks , the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. By comparison, the top quartile of global VC and private equity funds launched around the same time have a TVPI of 2.4x, according to data from Cambridge Associates.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Singapore’s micromobility startup Beam raises $26 million. This article has been updated to reflect new information from Beam.
The company announced today it has raised $12 million in Series A funding led by Jungle Ventures, with participation from Tiger Global and returning investors like Bling Capital. This brings inFeedo’s total raised since the U.S.-headquartered Quan raises $1.15M from YC to tackle post-pandemic employee burnout.
Founded in Singapore and based in Los Angeles and South Korea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
The Singapore-based startup announced it has raised $18 million in Series A financing co-led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital. They include crypto exchange Luno in Africa, multi-asset exchange Pluang (another Accel investment) in Southeast Asia and global crypto savings app Nexo.
Fairbanc announced today it has raised $4.8 Fairbanc also received previous investment from East Ventures, 500 Global and Michael Smapoerna. Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever.
We are live in the UK and USA and have big global plans to solve this problem for others.” Founders Lineker and Sebastian Lewis have so far raised seed funding for the startup, which is now selling into 50+ countries including, the U.S., and is planning to move into Brazil, India, the Philippines and Germany.
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
Just this year we’ve seen French BNPL startup Alma raise a $130 million equity round , BillEase raise $11 million for BNPL in the Philippines , Lipa Later raise $12 million for the same effort in Kenya , and ThankUCash raise $5.3 And Klarna raised $639 million at a valuation of nearly $46 billion in mid-2021.
It brings Sleek’s total raised to $24 million. and the Philippines. Sleek addresses the deeply underserved challenge of back-office management for entrepreneurs and SMEs globally. Sleek raises $5M to help companies incorporate and operate in Singapore and Hong Kong. based SMEs.
” The $90 million funding raised is a combination of debt and equity, $45 million each. And importantly , this is the group that demonstrated their confidence and desire to really solve what is a global problem,” said the CEO. Brazil, Pakistan, and the Philippines. ” More than 1.5
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