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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 About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016. It continues to operate in Indonesia, Malaysia and Thailand. We attribute this to a major shift in share of wallet from offline to online, which is here to stay.”.
Most of its users are in Vietnam, but Edupia is also expanding into other Southeast Asian markets like Indonesia, Thailand and Myanmar, and adding more subjects, including math and coding. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
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
million capital market investors in the country, or less than 1% of its population (in comparison, about 55% of Americans own stocks , according to Gallup data). Ajaib may eventually expand into other Southeast Asian markets, but for the near future, it sees plenty of opportunity in Indonesia.
T his might not seem spectacular from a global perspective because it took the startup a year and two months to achieve but it’s a noteworthy feat in African markets. The company, which first launched in Uganda, is disrupting the offlinemarket of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.
It is available in Singapore, Malaysia, Thailand, Vietnam and the Philippines, and recently established tech hubs in Bangalore and Ho Chi Minh City. . The funding will be used to deepen Doctor Anywhere’s presence in its current markets and expand into new ones. million users.
million USD) and above, and will set up another office in Thailand, with plans to expand into Indonesia as well. The-Wolfpack plans to help them set up a physical studio to create an offline experience, too. The firm is already looking to raise a second fund, with a target of $20 million SGD (about $14.9
Luckin Coffee lost a lawsuit alleging trademark infringement in Thailand on Dec. Luckin Coffee issued a statement a year ago emphasizing it has not yet entered the Thai market, adding that counterfeit stores have caused serious damage to its brand. Southern Metropolis Daily, in Chinese ]
“The way the software is structured has to be very customized to the individual markets,” Wong said. Upmesh will use part of its new funding to double down on the Philippines and Malaysia for at least another six months, but it also wants to enter Indonesia, Thailand and Vietnam. If we look at an interesting comparison to the U.S.,
We feel like there is a clear gap in the market, namely conventional, productive and larger ticket size consumer lending products offered on a user-friendly digital platform,” he said. The startup is currently focused on the primary housing marketing, but plans to expand to secondary housing and mortgage refinancing/takeover products.
About a decade ago, Donghwan Kim helped his cousin, a ceramist, look for sales channels, like flea markets, to sell his ceramics. The market size of Asia’s handmade products is projected to reach $307.8 Other countries like Japan and the U.S. are on its radar for the following destinations, according to Kim.
Payfazz, which announced a $53 million Series B in July from investors including Tiger Global and Y Combinator, also offers loans and payment services for offline retailers. We’ll cover every aspect of company building: Fundraising, recruiting, sales, legal, PR, marketing and brand building.
We can use the funding to crystallize our vision into simple hardware that delivers the best possible experience for the mass market. Eventually, what attracted investors was having a product that users love, which basically demonstrates market fit. Once we release the product, it is loved by users.
It was my way of staying close to the market where I had invested 5 years of my career, and which that same year had become the worlds largest automotive market measured by both sales and production. Sales in China in 2017 also peaked at ~30 million units, representing just over 30% of the worlds demand for new vehicles.
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