This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. An example of Komunidad dashboards, created for a project in Mandaluyong City, the Philippines. Komunidad also enables its customers to build their own alert systems.
Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. It can now be used at more than 500 merchants, including consumer electronics seller Kimstore and Philippine Airlines. Kenyan BNPL startup Lipa Later eyes more African markets after raising $12 million. seed round.
The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion , a 132% increase from 2020, and is expected to reach $26 billion in GMV by 2025. The next big market opportunity for micromobility is commercial, not consumer. As a result, many online sellers need a day to send out orders.
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. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa.
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. They said they witnessed how sari-saris have a difficult time tracking inventory and getting supplies for their stores, especially in the provinces of the Philippines.
Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe. Navegar, which led Great Deals’ Series A , also returned for this round.
Like most people who do marketing for startups, I have a love-hate relationship with the term “growth hacker.” On the one hand, it has allowed startup marketers to differentiate themselves from their counterparts in corporate America. The difference between “growth hacking” and “marketing”.
E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Plentina launched in the Philippines in October 2020 and has been downloaded more than 30,000 times. Other installment loan services in the Philippines include BillEase, Tendopay and Cashalo.
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 It also plans to serve more types of MSMEs, like carinderias (small eateries), small over-the-counter pharmacies and other roadside and market shops. million to its Series C round.
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. She discovered that many people she talked to in emerging markets were creditworthy but lacked immediate access to credit and quick loans. where it is headquartered.
Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. Then sellers chose what they want to add to their stores, which they market to potential buyers through their social media networks.
The Sydney-based company creates hardware and software solutions designed to bring solar-based power to developing markets. At present, it’s currently focused on Nigeria, Philippines, Haiti and Cambodia, with a renewal bent designed to reduce emissions as it brings more populations online. Headcount will increase as well.
At the end of last year, Xendit expanded into the Philippines, and says it is now one of the biggest payment players in the country. Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”. This new round brings its total funding so far to $238 million.
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.
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. . We are taking the best practices along with key learnings to our next market launch.” .
During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Chen says most have large sales and marketing teams, but a shortage of designers.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
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
ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. ErudiFi is tackling an underserved market that is plagued with high-interest rates by traditional financial institutions and limited reach from peer-to-peer lending companies.”
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. . Advanced rider assistance systems: Tech spawned by the politics of micromobility.
The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. . He added that expanding into Indonesia and the Philippines will “round off our SEA footprint,” which already includes Singapore, Thailand and Vietnam.
This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Akulaku, which operates in the Philippines and Malaysia in addition to Indoensia, offers a virtual credit card and installment shopping platform, as well as an investment platform and neobank.
Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. When and how to hire your startup’s first growth marketer. In the U.S.,
and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. It will also double down on existing markets such as the U.K./Europe. Asked what the upside of the Wirecard acquisition was, the Railsbank founder says it helps maintain an orderly market in the U.K.
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., In the U.S.,
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 The Exchange explores startups, markets and money.
E-commerce is booming in Southeast Asia, but in many markets, the fragmented logistics industry is struggling to catch up. Its clients range from startups to international brands, and include Mango, Vans, Payless Shoes, Toshiba and Landmark, a department store chain in the Philippines. million seed round.
The funding will be used to expand in the Asia-Pacific region, including Indonesia, the Philippines, Malaysia and Indonesia, and to add new features in response to demand from hospitals and healthcare organizations during COVID-19. Bot MD was also part of Y Combinator’s summer 2018 batch.
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. In a statement, Mike Alexandrovski, founder of Borzo, said: “With the new round closed we continue to move toward our goal of becoming one of the top courier delivery companies in every market we operate in.
Diakogiannis realized he had the network to address a large market opportunity, but there was another reason for starting Seafair. 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.
Pylon , an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. Pylon currently operates in Egypt and the Philippines. It then automates billing processes for the companies, similar to how telecom providers in these markets have done over the years.
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Africa’s cryptocurrency market grew by 1,200% to $105.6 million pre-seed to that end. billion between July 2020 and June 2021, per research by New-York based research firm Chainalysis.
The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially. And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. The answer is very well-documented. It’s about 8%.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. The Philippines was chosen as one of Brick’s next markets because of “the development in open banking,” Tan said.
The funds will be used to enter new regions in the Philippines and expand its financial products. GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent. million “mom and pop” stores in the Philippines. .
The uptake of customer relationship management (CRM) tools has grown immensely over the last few years such that the market size is expected to experience a 12.5% The startup plans to grow this further by embarking on a marketing drive and setting up hubs in regions where its platform is on demand over the next one year.
Vital Wave Consulting covers the opportunities in serving developing markets and one of their blog posts really grabbed me. The Philippines has had cell phone banking for years. Technology really is becoming an incredible tool for empowering the poor. Whenever I see a great example of this, I get excited. In M-Pesa is our hippo!
SODA said that the deal means its share of Japan’s sneaker resale industry is now 80%, making it the market leader by far. Along with its new funding, SODA announced it has acquired rival Monokabu. SODA’s post-money valuation is now about 24 billion JPY, or about $218 million USD. The StockX EC-1.
It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016. Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia. Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. The market opportunity is there. ” It is also eyeing other markets. We’ll cover every aspect of company-building: Fundraising, recruiting, sales, legal, PR, marketing and brand building.
. “Southeast Asia is predicted to be the world’s largest e-commerce market in the next five years, and the addressable market for us in Southeast Asia alone is already five times the size of Australia and twice the size of the U.S.,” ” co-founder and co-chief executive officer William On told TechCrunch.
TechCrunch spoke with co-founders Sara Du , CEO, and Gregg Mojica , CTO, about the round, their market and their experience in Y Combinator. The startup then went through Y Combinator the next year, sharpened its focus to the e-commerce market and, as it has just announced, attracted millions more from a cadre of investors.
million in orders across 150 brands in the Philippines, Malaysia, Indonesia, Singapore, Taiwan and Australia. Users currently include Bistro Group (the Philippine franchisee of TGI Fridays, Hard Rock Cafe and Buffalo Wild Winds, Flash Coffee and ghost kitchen startups MadEats and Just Kitchen.
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. This makes it faster for it to brings the policies it distributes to market more quickly, and significantly reduce the operational cost of claims.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content