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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. The company has evolved since then. “More than 2.2

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Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

TechCrunch

It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016. We attribute this to a major shift in share of wallet from offline to online, which is here to stay.”. Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia.

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Upmesh wants to build a community-driven discovery app for Southeast Asian live commerce

TechCrunch

Upmesh was launched nine months ago by Wong Zi Yang, Soh Jan, Nhat Vu and Shawn Teow, and is now used by almost 300 live commerce merchants in Singapore, Malaysia and the Philippines. In the Philippines, however, many vendors do live commerce to supplement their brick-and-mortar shops. In the U.S.,

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Fairbanc provides BNPL for micro-merchants in Indonesia

TechCrunch

Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever. Fairbanc was founded in 2019 by Wharton-graduate Mir Haque, who first piloted the startup in Bangladesh before choosing Indonesia as its main market.

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Thailand’s fintech startup Ascend Money lands $150M at a $1.5B valuation

TechCrunch

The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.

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HitPay is a one-stop solution for SMEs

TechCrunch

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. HitPay’s no-code platform allows SMEs to unify their online and offline payment stacks. The Y Combinator alum announced today that it has raised $15.75

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Summer International uses social media data to launch new beauty brands

TechCrunch

It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. The company launched in 2018 along with Gushcloud International, an influencer marketing firm. It also provides data points like pricing and demographics to create new brands and market them.