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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.
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. This will include the launch of “credit cards as a service” in the U.S.
The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program). The company also plans to launch value-added services.
To add to that, over 2 billion of these people have limited access to financial services and working capital per World Bank statistics. In 2014, Tala first launched its mobile application to offer credit and collateral-free loans to consumers in Kenya but has since expanded to the Philippines, Mexico and, more recently , India.
Philippines-based Plentina , a buy now, pay later startup focused on emerging markets, announced today it has raised $2.2 The latest funding was led by TMV, with participation from Global Founders Capital and returning investors AV Ventures, Techstars and Unpopular Ventures. seed round. It plans to launch an iOS app early next year.
The Association Laboratory Research Alliance is comprised of global, national, and state societies for association executives, including such well-known names as AAMSE, CESSE, Association Forum, AMC Institute and more (complete list below).
In the customer service industry, your accent dictates many aspects of your job. It shouldn’t be the case that there’s a “better” or “worse” accent, but in today’s global economy (though who knows about tomorrow’s) it’s valuable to sound American or British.
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. Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others.
Entrepreneurs and small and medium enterprises (SMEs) often struggle to deal with several siloed functions, such as company secretary, bookkeeping, banking, tax, payroll, employment services, insurance and more. and the Philippines. Corporate services “superapp” Osome lands $16M Series A. based SMEs.
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. During the pandemic, the company launched a new service called Global Teams for remote work. 6 VCs share their bets on the future of work.
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. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. billion to $15 billion.
" She invited me to contribute one sentence for a social media fundraising project she's leading to support female entrepreneurs in the Philippines. She is hoping to raise $10,000 for a group of female entrepreneurs in the Philippines. Some of the contributors so far: Anita Pahor , Women???s
Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. The global shift toward more digital transactions over the past year led to increased demand for Xendit’s infrastructure and services, according to Wijaya. billion in payment value annually.
Financial services, especially those for people who don’t have access to traditional bank accounts or lines of credit, are proliferating in Southeast Asia. For service providers, Jeff serves as a distribution channel, helping them find and retain customers. It also plans to enter the Philippines in the third quarter.
DesignCrowd , the Australia-headquartered crowdsourcing service for designers, has big plans: it wants to grow its business from $10 million to $100 million as quickly as possible – and its first step is to conquer the US. With this goal in mind, it is taking on 99Designs — which has been based in San Francisco since 2010.
Conversational commerce, a term coined by former Uber employee Chris Messina in 2015 , enables online businesses to sell their products and services through messaging and chat apps like WhatsApp and Facebook Messenger. Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others. Shimizu added.
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.
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.
The proliferation of delivery services give customers many options, but means chaos for busy restaurants that need to manage orders across multiple apps and channels. Since launching seven months ago, klikit’s SaaS platform, klikit Cloud, has been used to service more than $2.8
Relief organizations and first-responders are mobilizing to provide aid to those affected by Typhoon Haiyan in the Philippines. The staff at TechSoup Global is keeping all those affected by the devastating typhoon in our thoughts as we work to support recovery efforts. Image: Philippine Red Cross. wireless subscribers.
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 The e-wallet service also serves as a payment channel for B2B, ranging from big brands to local SME owners as well as street market entrepreneurs.
Igloo currently works with 20 global, regional and local insurers across Southeast Asia. Mehta said that the penetration rate of insurance in much of Southeast Asia is low, less than $100 USD per capita across Indonesia, Vietnam and the Philippines. Another, more recent one, is is Weather Index Insurance product in Vietnam.
Last month, for example, her team co-led an investment in Virtually Human Studio , the startup behind a digital horse racing service Zed Run, wherein users buy, sell and breed virtual horses whose value rises depending on their performance against other virtual horses. Each is essentially a non-fungible token, or NFT, meaning it is unique.).
Australia-based Employment Hero raises $45M AUD for its global expansion. “We Thompson said Employment Hero will continue focusing on Malaysia and Singapore until the end of this year, while looking at ways to cross-promote SEEK’s products and services in Asia. How to do remote work right, from the teams that know it best.
It plans to do the same for other crypto services like payments. In some countries where Pillow has partnered with local, compliant on-ramp service providers, users can also buy crypto with their local fiat currency. It focuses on retail investors, enabling them to start with investments as small as $5.
Being “underbanked” doesn’t mean that someone lacks access to financial services. Finantier , a Singapore-based open finance startup, wants to streamline that data with a single API that gives financial services access to user data, with their consent.
to send money to the region, much higher than the global average of 6.8%. Financial institutions are left with traditional systems and correspondence models to offer service to their customers. African startups join global funding boom as fintech shines. It is also the most expensive region to send money from. ” he added.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. Canada, Australia and Asia.
For SOSV-backed Achiko , this meant shifting its focus from mobile payment services to affordable COVID-19 screening. Chief executive officer Steven Goh told TechCrunch that the company was in the process of expanding into buy now, pay later services in 2020 when COVID-19 disrupted international travel. ”
It’s now launched a Google Play Store App to facilitate the service. We are live in the UK and USA and have big global plans to solve this problem for others.” and is planning to move into Brazil, India, the Philippines and Germany. that is leaving Google with yet another potentially large headache.
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. As a global financial center, one could argue that Singapore’s startup ecosystem is in a category of its own when compared to its neighbors.
Carousell , a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry. . million since its inception, per Crunchbase. .
According to them, blockchain can allow the unbanked to have faster access to services such as lending, borrowing and buying insurance. “ What Masa reflects is a more equitable future that provides access to capital to a global population, mostly overlooked by traditional finance. ” . .”
million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. Lesaffre said that Finverse’s early adopters are mostly fintech startups, including a mix of SME lending providers and buy now, pay later services.
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. Kwara is building a neobank for credit unions.
Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” Sophie Alcorn. Contributor. Share on Twitter. She connects people with the businesses and opportunities that expand their lives.
The number of startups building buy now, pay later (BNPL) services is long. 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
clients “have some sort of global operations.” clients “have some sort of global operations.” “One One of the big problems that companies have when they operate globally is that they actually need to open up an account in all these different countries where they might have employees. Fintech projected to become a $1.5
Interpark offers online travel booking services and international shipping to more than 230 countries and targets Korean, English, Chinese, and Japanese-speaking customers. Interpark’s services cover shopping, restaurant reservations, travel tickets, attractions, and live performances, a spokesperson at Yanolja told TechCrunch. .
She is the co-founder and co-director of Women's Global Green Action Network , a nonprofit that cultivates global partnerships of grassroots women environmental leaders by providing access to communication tools, support services and networking capabilities. We do it in a number of ways. It's called the Biosand Water Filter.
Level Infinite, the overseas gaming distribution arm of Tencent Games, announced on Thursday that it has launched a global version of its hit mobile game Honor of Kings in a swathe of new international markets including Japan, South Korea, North America, and Europe. billion ($1.88 billion ($4.77 billion).
As part of the deal, Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. Both Payfazz and Xfers are Y Combinator alums, and want to make financial services accessible to more Southeast Asians, even if they don’t have a bank account.
Waze, the Google-owned navigation and mapping service, will lay off 5 percent of its global workforce, or about 30 people out of 555 total employees, the company’s CEO said in an email to employees. Globally, Waze customers drove 60 percent fewer miles in March, when lockdowns started going into effect, as compared to February.
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