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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.
Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. The $30 million total it has raised include its seed funding and Series A, which according to a July 2020 profile in Esquire Philippines was $14 million.
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 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.
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.
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.
One such platform that is helping consumer brands leverage their data to grow is Gameball , a customer intelligence and marketing CRM platform, that was launched in 2020 by egyptian entrepreneurs Ahmed Khairy (CEO) Ahmed El Assy (CPO), and Omar Alfar (CTO). Its clientele include Sega, Xiaomi, Experience Philippines and Breadfast.
The latest round brings its total funding raised to $41.4 Shimizu told TechCrunch that the company had businesses in Taiwan, Thailand and the Philippines before the COVID pandemic but has temporarily pulled back. Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others. million (3.5
Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. Humble plans to launch a live dashboard on its B2B platform so clients can track revenue, inventory and environmental impact in real time. ” 5 tips for scaling your green startup during a funding drought.
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. Railsbank raises $10M Series A for its open banking and compliance platform.
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment. Founded in 2016, its target is to serve 50 million users by 2025.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 Jenfi raises more funding for its “growth capital as a service” platform by Catherine Shu originally published on TechCrunch
Maritime recruitment platform Seafair was created to solve these problems. The company announced today it has raised $5.7 The company announced today it has raised $5.7 Maritime intelligence platform Greywing raises seed funding from investors like Flexport. This brings Seafair’s total funding to about $7 million.
According to the DEC (disaster emergency committee) , a UK based coalition made up of 14 charities who band together in times of crisis, 6 million british pounds were raised via mobile donations after the Philippines was rocked by the typhoon that occurred earlier this year.
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. . The cloud kitchen market in Asia is projected to grow at 14.2% billion by 2030 , up from $15.2
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.
The funds will be used to enter new regions in the Philippines and expand its financial products. Before its Series C, GrowSari’s total raised was $30 million. GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent.
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. In July, it announced a strategic investment in legacy online payments platform Dragonpay. in Accel-led Series B.
Glints , one of Southeast Asia’s largest talent development and recruitment platforms, announced today it has raised $50 million in an oversubscribed Series D. This brings Glints’ total raised so far to $80 million. The round was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings.
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. ” Xendit was originally launched as a P2P payments platform before evolving into its current model.
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 The company says that so far, its platform has enabled doctors to earn a total of 4.2 million CME credits.
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.
MadEats , Y Combinator alum, claims to be the first “‘full-stack’ delivery-only startup in the Philippines,” with their own virtual storefront, ghost kitchens and fleet of drivers. The company announced today it has raised $1.7 million in seed funding led by JAM Fund, Crystal Towers Capital, Starling Ventures, MAIN and Rebel Fund.
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.
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 Its clients range from startups to international brands, and include Mango, Vans, Payless Shoes, Toshiba and Landmark, a department store chain in the Philippines.
The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than $2 billion in financing to MSMEs since it launched in 2015. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.
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.
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 startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN).
The startup built a back-end operating system platform that handles everything from incorporation, government, accounting, taxes and visas to regulatory compliance. It brings Sleek’s total raised to $24 million. and the Philippines. Corporate services platform Sleek lands $4 million in new funding. based SMEs.
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.
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.
The latest is Acquco , which aims to stand out from the others in that it was formed by a pair of founders — Raunak Nirmal and Wiley Zhang — who actually worked at Amazon, and then built multimillion-dollar businesses on its platform. ” But CEO Raunak Nirmal did share a few other notable things. .
Today, most lending platforms rely on an end user’s existing crypto collateralization to deem whether they’re a safe bet for a loan. The firm raised an $11 million funding round last June. Kenya, Nigeria, Uganda and the Philippines are the countries with the highest volume of loans through the protocol.
Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero. Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. The Sydney, Australia-based company announced today it has raised a $45 million AUD (about $34.8 million USD).
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo also provides products that Mehta says directly or indirectly benefits women, through a partnership with Philinsure in the Philippines.
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 investment comes in the wake of a bigger round that the startup raised in the summer of 2022, a $20 million Series A from MonotaRo and JAFCO.
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. This brings the company’s total raised so far to $109 million since it was founded in 2015. and will exceed $100 million this year.
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 Before starting Nestcoin, founders Yele Bademosi and Taiwo Orilogbon led the charge at Bundle Africa, one of the continent’s well-known crypto trading platforms.
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.
Total Raised: $75 million. The shutdown comes after the platform had pivoted just months earlier, laying off in-house lawyers and turning into a clearer SaaS play. Total Raised: $330 million. Total Raised: $11.4 Total Raised: $55 million. Total Raised: $51.4 Total Raised: $520,000. Atrium (2017-2020).
Doyobi , a Singapore-based professional development platform, wants to give educators new, more engaging ways of teaching STEM subjects. The startup announced today it has raised $2.8 Two of its largest markets are Indonesia and the Philippines. Singapore-based Geniebook’s personalized learning platformraises $16.6M
The Y Combinator alum announced today that it has raised $15.75 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.
Founded in 2019 by brothers Paul Ndichu and Eddie Ndichu , Wapi Pay provides a payments gateway for African businesses to receive and send money from Asia via mobile money platforms and bank accounts. Most of the focus on remittance has been the flow of money into Africa for sustenance.
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