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Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase , announced it has raised an $11 million Series B. It can now be used at more than 500 merchants, including consumer electronics seller Kimstore and Philippine Airlines.
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. and raises $77M.
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.
We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. 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.
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 startup, a Y Combinator and Iterative alum, announced today it has raised $2.2 The next big market opportunity for micromobility is commercial, not consumer.
E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Its last funding was $750,000 pre-seed round raised last year from investors including Techstars, Emergent Ventures and the 500 Startups Vietnam Fund. Plentina co-founders Kevin Gabayan and Earl Valencia.
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. Before raising, Packworks bootstrapped its way to working with 150,000 sari-sari stores, the company says. It was founded in 2018, with an initial client base of five sari-sari store partners.
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.
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 Co-founder and CEO Reymund Rollan told TechCrunch that GrowSari raised again because it wants to expand its fintech offerings for store owners and build its supplier marketplace, including commodities.
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.” .
The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy 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. Du said that it’s not generally encouraged to skip demo day. Why $4 million?
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Founded in 2016, its target is to serve 50 million users by 2025.
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.
The startup announced today it has raised a $5 million Series A, co-led by Monk’s Hill Ventures and Qualgro. ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 million seed 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. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B.
Skycatch today announced a $25 million raise, led by ADB Ventures and Wavemaker. Indonesia, China, Philippines, Thailand and Japan. It typically is owned by the laser scanning market,” says Sanz. Skycatch Raises $13.2M The list includes Chile, Colombia, Peru, Brazil, Australia, Canada, the U.S.,
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. 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.
The startup announced today it has raised a $5 million Series A led by Monk’s Hill Venture. 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.
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 company’s Series B, which brings its total raised since 2017 to $41 million AUD, will be used to expand in Southeast Asia and double its total team by hiring 100 new people, including 50 software developers. ” co-founder and co-chief executive officer William On told TechCrunch.
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.
Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. The market opportunity is there. ” It is also eyeing other markets.
The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.
The latest round brings its total funding raised to $41.4 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.
This morning Wunderite , a Boston-based software startup, announced that it has raised $3 million in an early-stage round led by Spark Capital. MacDonald previously worked for his family’s insurance business, while Schnare earned insurance experience by working for a large player in the market. Like writing with their hands.
Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B.
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Nestcoin , a company founded last November that builds, operates, and invests in web3 applications, wants to be pivotal in this transition and has raised $6.45 million pre-seed to that end.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Singapore’s micromobility startup Beam raises $26 million. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. valuation in Series F raise.
Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. 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.
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
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. The Taipei-based startup recently raised $1.5 Its customers include Levi’s, Estée Lauder and Rakuten.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. In the U.S.,
The Singapore-based startup announced today it has raised $6.6 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. million in pre-Series B funding, led by Headline Asia.
We think we’ve barely scratched the surface in the Kenyan market. We’re entering an exclusive partnership, which also means no other tech company will be able to market with Kuscco. The new funding brings the total seed amount raised by the startup to $7 million.
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 And Klarna raised $639 million at a valuation of nearly $46 billion in mid-2021.
Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia, but many major platforms still focus on large cities. The startup, which currently focuses on fresh groceries and plans to expand into more categories, announced today it has raised $1 million in seed funding.
The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. The new capital brings Docquity’s total raised to $57.5 Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries.
E-commerce is booming in Southeast Asia, but in many markets, the fragmented logistics industry is struggling to catch up. Locad , a startup that wants to help with what it describes as an “end-to-end solution” for cross-border e-commerce companies, announced today it has raised a $4.9 million seed round. million seed round.
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). This gave Niparts the chance to “learn about the similarities and differences of financial services from the inside in different markets,” he said. million seed round.
The company announced today it has raised $5.7 Seafair was launched late last year by Agapitos Diakogiannis, who was born and raised in Greece, and its current clients include one of the world’s top 100 shipping companies. Maritime intelligence platform Greywing raises seed funding from investors like Flexport.
Agricultural microinsurance startup IBISA announced that it has raised a seed round of €1.5 While based in Luxembourg, the startup is focused on emerging markets, with a partnership-based approach. Since being founded in 2019, the company has worked with partners in the Philippines, India, and Niger. million – approximately $1.70
" She invited me to contribute one sentence for a social media fundraising project she's leading to support female entrepreneurs in the Philippines. She is hoping to raise $10,000 for a group of female entrepreneurs in the Philippines. Some of the contributors so far: Anita Pahor , Women???s
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