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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. Its new investment will be used to build a scalable platform. An example of Komunidad dashboards, created for a project in Mandaluyong City, the Philippines.
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. Shipmates wants to save them time and money by consolidating several couriers into one platform. The platform also automates waybills and address validations.
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.
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. It also plans to build a department that engages sari-sari stores and provides additional services with parters, plus build an open platform for financial institutions and brands to connect directly with sari-sari owners.”.
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. Other investors include South Korean sneaker reselling platform KREAM (another SoftBank Ventures Asia portfolio company), Altos Ventures and JAFCO. million monthly users. The StockX EC-1.
Maritime recruitment platform Seafair was created to solve these problems. Diakogiannis realized he had the network to address a large market opportunity, but there was another reason for starting Seafair. Maritime intelligence platform Greywing raises seed funding from investors like Flexport.
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. Concio told TechCrunch that there are currently about 40,000 resellers on Resellee’s platform, and each has an average of about 20 buyers.
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.
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.
Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform. Since launching seven months ago, klikit’s SaaS platform, klikit Cloud, has been used to service more than $2.8 Many kitchens handle this by juggling several devices at a time, one for each app.
Shippit , a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2 Shippit is considering expansion into the Philippines and Indonesia, too, and expects its Southeast Asian business to grow 100% year-over-year for the next three years at minimum.
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. In July, it announced a strategic investment in legacy online payments platform Dragonpay. By August, there were 10,000 SME sign-ups on our platform alone. in Accel-led Series B.
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 global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research. Shimizu added.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand.
Glints , one of Southeast Asia’s largest talent development and recruitment platforms, announced today it has raised $50 million in an oversubscribed Series D. The new capital will be used to expand Glints’ talent supply base in the Philippines and employer demand globally and hiring for its product and tech teams. Glints’ team.
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.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. 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.
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.
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.
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.” .
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.
Upmesh was created to automate the checkout process and ultimately wants to create a platform similar to Whatnot where people can discover new live commerce sellers across different social media platforms. Upmesh currently works with Facebook Live, but will add other platforms, too, with the goal of becoming platform-agnostic.
The company says this is the largest Series A raised by an esports organization in Southeast Asia, based on data from PitchBook and other third-party platforms. The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. .
The startup built a back-end operating system platform that handles everything from incorporation, government, accounting, taxes and visas to regulatory compliance. market, Sleek has also announced the acquisition of Ltd Companies , the U.K.-based and the Philippines. As it enters the U.K. based SMEs.
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.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. HBO thought that in markets where cards don’t exist, the way to go was to pay through your telco provider. In the U.S.,
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 With Bundle incubated within the ecosystem of the largest crypto exchange platform, Bademosi had lofty ambitions for the company.
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. MIT and Boston Dynamics team up on ‘Dr.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on their products and supports other processes.
Deliveree wants to solve that problem with a platform that not only lets clients book trucks, but also uses algorithms to determine the best route based on location, trucking loads and even the weather. The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially.
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. They serve more than 1 million metering endpoints across 26 separate meter models in Egypt and the Philippines.
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.
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. As its team began to understand the needs of SMEs more, it started to develop the other tools on the platform.
If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. 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.
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.
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.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. The global construction management software market is expected to reach $23.9 It currently employs 60 people. billion in 2031, up from $9.3
We talked yesterday with Simpson — who joined a16z after first backing some of the same startups, including the blockchain infrastructure company Dapper Labs and the global payment platform Celo — to learn more about what’s happening at the intersection of crypto and gaming. Our chat, edited for length, follows.
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.
based online university platform Nexford University has raised $8 million in a Series A round co-led by New Markets Venture Partners and Learn Capital, two prominent edtech venture capital firms in the U.S. Nexford’s most significant markets are traditionally underserved English-speaking communities like Nigeria.
Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency. Founded in 2021 by Arindam Roy, Rajath KM and Kartik Mishra, Pillow is focused on emerging markets like Africa and Southeast Asia. It also recently expanded into Nigeria, Ghana and Vietnam, among other markets.
Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. ” Xendit was originally launched as a P2P payments platform before evolving into its current model. The market opportunity is there. ” It is also eyeing other markets.
The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, Saudi Arabia and Egypt. The company says that so far, its platform has enabled doctors to earn a total of 4.2 million CME credits. Docquity has three core features.
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