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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. 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.
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.
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.
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.
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.”.
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. Loans have a flat 5% service fee, with no interest. The company announced today it has closed a $2.2
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”.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. This will include the launch of “credit cards as a service” in the U.S. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan.
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. GrowSari’s app.
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.
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.
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. The company also plans to launch value-added services. Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”.
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.
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.” .
Entrepreneurs and small and medium enterprises (SMEs) often struggle to deal with several siloed functions, such as company secretary, bookkeeping, banking, tax, payroll, employment services, insurance and more. market, Sleek has also announced the acquisition of Ltd Companies , the U.K.-based and the Philippines. based SMEs.
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
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B.
Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. The company, which bills itself as “the Stripe of Southeast Asia,” also plans to add value-added services in addition to payments, like working capital loans. When and how to hire your startup’s first growth marketer.
The number of startups building buy now, pay later (BNPL) services is long. 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
Vital Wave Consulting covers the opportunities in serving developing markets and one of their blog posts really grabbed me. we get to hear the story of a cell phone banking service that gives the poor effective banking services in Kenya when the country's banks have declined to serve them. In M-Pesa is our hippo!
Spotify is launching a new real-time lyrics feature in 26 markets today, including India and countries in Southeast Asia and Latin America, TechCrunch reports. Where available, users can access them by tapping the “lyrics” card at the bottom of the service’s “Now Playing” screen. Illustration by Alex Castro / The Verge.
DesignCrowd , the Australia-headquartered crowdsourcing service for designers, has big plans: it wants to grow its business from $10 million to $100 million as quickly as possible – and its first step is to conquer the US. DesignCrowd is also keen on exploring new markets. Interestingly enough, 99Designs was also founded in Australia.
Upmesh announced today it has closed a seed round of $3 million, led by Leo Capital, with participation from Beenext, iSeed, Goto Financial head of merchant financial services Jonathan Barki, BukuWarung founders Abhinay Peddisetty and Chinmay Chauhan, and Zopim founders Royston Tay and Kwok Yangbin. In the U.S., In the U.S.,
" 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
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. It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016.
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 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. .
Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. The market opportunity is there. The global shift toward more digital transactions over the past year led to increased demand for Xendit’s infrastructure and services, according to Wijaya.
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.
Founded in 2013, the Bay Area-based company provides centimeter-accurate 3D scanning services, primarily for construction sites and mining operations. The service has already been rolled out in a number of different locations around the world — with north of 10,000 sites, according to founder and CEO Christian Sanz.
Financial services, especially those for people who don’t have access to traditional bank accounts or lines of credit, are proliferating in Southeast Asia. For service providers, Jeff serves as a distribution channel, helping them find and retain customers. It also plans to enter the Philippines in the third quarter.
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.
Conversational commerce, a term coined by former Uber employee Chris Messina in 2015 , enables online businesses to sell their products and services through messaging and chat apps like WhatsApp and Facebook Messenger.
The proliferation of delivery services give customers many options, but means chaos for busy restaurants that need to manage orders across multiple apps and channels. Since launching seven months ago, klikit’s SaaS platform, klikit Cloud, has been used to service more than $2.8
Based in Singapore, the company has evolved from a ride-hailing app to a Southeast Asian super app that offers several consumer services, including food delivery, financial services, such as an e-wallet so that you can send and receive money. It expects to see the total addressable market jump from $52 billion to $180 billion by 2025.
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. It plans to do the same for other crypto services like payments.
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. The Y Combinator alum announced today that it has raised $15.75 Then it will integrate the most popular payment methods.
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.
For many, this makes it is difficult to secure loans and other services because they don’t have traditional financial records like a credit score. Jeff ’s loan brokerage platform was created to make it easier for financial service providers to integrate alternative data scoring, allowing them reach more potential borrowers.
The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. More than three-fourths of Southeast Asia’s population is unbanked or underbanked , meaning that don’t have a bank account or access to traditional lending services. Visa is acquiring Plaid for $5.3
Last month, for example, her team co-led an investment in Virtually Human Studio , the startup behind a digital horse racing service Zed Run, wherein users buy, sell and breed virtual horses whose value rises depending on their performance against other virtual horses. The NFT market is just getting started, but where is it headed?
Being “underbanked” doesn’t mean that someone lacks access to financial services. But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools.
It is available in Singapore, Malaysia, Thailand, Vietnam and the Philippines, and recently established tech hubs in Bangalore and Ho Chi Minh City. . As a result, the company started its home care services and physical clinics. . Founded in 2017 by Lim Wai Mun, Doctor Anywhere claims it now serves more than 1.5 million users.
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