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POGOs, short for Philippine Offshore Gaming Operators, are companies licensed by the government to run online gambling sites for overseas players, especially in mainland China where such activities are illegal. While the POGO business has generated billions in tax revenue, it's also been a hotbed of illicit activity.
Voyager Innovations , the Manila-based owner of PayMaya , one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. The fintech endgame: New supercompanies combine the best of software and financials.
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.
Voyager Innovations , the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines.
And the company is working on adding India and the Philippines. And it turns out you need cash on your balance sheet in the Philippines if you want to get a license from the local regulator — it doesn’t matter if you have a ton of money sitting in your bank account in London. Checkout.com is regulated in the U.K.,
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. Since agencies rely on hiring commissions to make money, however, they might not always provide the best fits for openings, Diakogiannis said.
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.
She is currently a Kiva fellow serving a three-month tour in a rural section of the Philippines. All materials created for the site are released under Creative Commons licenses so that other sites and blogs can freely reuse the content. The Socialbrite site features dozens of videos, screencasts and slide presentations.
Other countries where Private Relay won’t be available include: Belarus, Colombia, Egypt, Kazakhstan, Saudi Arabia, South Africa, Turkmenistan, Uganda, and the Philippines. The previous year, Apple removed several major VPN apps from its App Store in China in response to local regulations requiring VPN providers to have a government license.
According to a report by CNN Indonesia, the Pinduoduo sister app has yet to apply for a license to operate locally, said Isy Karim, the director general of Indonesias domestic trade.
It has licenses to operate throughout Asia, Europe and all 50 United States states. For example, it enables JKOPay in Taiwan and Maya in the Philippines to offer insurance marketplaces through their apps. Bolttech bills itself as one of the world’s leading embedded insurance providers.
Kwara has over the last year entered South Africa and Philippines, as the demand for its services grew beyond Kenya. About 175 credit unions are licensed in Kenya to serve nearly 4.1 According to Kenya’s monetary authority, the Central Bank of Kenya (CBK), the total assets of licensed credit unions grew 13.5%
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. Eventually, it has its eyes on space, deploying its wireless fiber optics from orbit.
“[The customer] may be a 600-person fintech company with an HQ in Hong Kong, but their management team is sitting in Hong Kong, their sales teams in Sydney, Melbourne, their dev team is in Indonesia and their sales team is in Philippines, and already that breakdown of managing remote teams is sophisticated and nuanced in its own way,” Fan said.
It is now licensed and registered in Singapore, Indonesia (where it is known as Modalku), Malaysia and Thailand. It recently began operating in Vietnam and will use part of its Series C+ to enter the Philippines. . The company was founded in 2015 by Kelvin Teo and Reynold Wijaya after they met in Harvard Business School. million.
Kwara, which also has a presence in South Africa and the Philippines, has grown its clientele base to 120 from 50 at the end of 2021, maintaining a 100% customer retention — a proof of the value it delivers to its clients. In Kenya, only 175 deposit-taking saccos are licensed, as a vast majority remain unregulated.
Presently , Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. Wapi Pay will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.
In 2020, Xfers obtained a Major Payment Institution license for e-money issuance from the Monetary Authority of Singapore. Xfers says it has access to more than 10 million underbanked consumers in Indonesia through its work with agent banking services, and also plans to expand into Thailand, the Philippines, Malaysia and Vietnam.
More widely compatible technologies like Zigbee, Z-Wave and Matter are licensable and widely adopted, giving Insteon little in the way of leverage. But while a sale was expected in March, the plans ultimately fell through. Insteon’s proprietary protocol likely didn’t do it any favors. Image Credits: Kite.
We'll be republishing some of these articles on learning wikis, and everything here is released under a Creative Commons license, so we hope you'll take part in this ecosystem of sharing. And please note: We’re here not only to show how social tools can be used to advance the social good – but to learn from you as well.
It helps endangered Asian children get off the streets in Cambodia, Philippines, Vietnam, India, Indonesia, Pakistan, East Timor, Jordan, Bangladesh, and Myanmar. Through TechSoup Japan, KnK received a donation of 15 Microsoft Office 2007 licenses and Adobe Creative Suite Design Premium. software.
Manila, Philippines: Social Media Surgery. IMAGE ATTRIBUTION GUIDELINES Image Name: Author / License. Wednesday, April 15, 2015. Singapore: Office 365 for Nonprofits. Monday, April 20. Melbourne, Australia: Content Marketing for NFPs: Get Results! Tuesday, April 21. Wednesday, April 8, 2015. Image 1 : Elijah van der Giessen / CC BY-NC.
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