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GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 KKR invests $45M into GrowSari, a B2B platform for Filipino MSMEs. Predicting the next wave of Southeast Asia tech giants. million to its Series C round.
Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. The company also plans to bring its tech development fully in-house and start work on long-term initiatives like a carbon footprint tracker. Humble Sustainability founders Niña Opida and Josef Werker.
Despite the need to address this gap, PhotoDNA and related tools are currently facing attacks from both tech sector policies (like expanded adoption of end-to-end encryption ) and government regulation (such as the European Union’s ePrivacy Directive ). The Responsibility of Tech Companies.
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. Make sure your mobile site is optimized for multiple platforms.
Maritime recruitment platform Seafair was created to solve these problems. Maritime intelligence platform Greywing raises seed funding from investors like Flexport. It also provides vessel operators with human resources software that helps them consolidate data that is otherwise siloed in different ERP platforms and spreadsheets.
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. As with that earlier Series A, Aldagram is not disclosing details of its valuation. It currently employs 60 people.
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.
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.
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.
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.
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.
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. Founded in 2016, its target is to serve 50 million users by 2025.
Carousell , a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry. . Southeast Asia-based mobile listings startup Carousell raises $85M.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. NewCampus is an online, live learning platform that hopes to train rising managers within hyper-growth organizations. Image Credits: NewCampus.
South Korean travel tech startup Yanolja has acquired a 70% stake in a listed South Korean e-commerce pioneer, Interpark , for about $250 million. . South Korea’s largest travel tech startup was founded by former motel manager SuJin Lee , CEO and founder of Yanolja, in 2005. SoftBank-backed Oyo files for $1.16 billion IPO.
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. It currently has 500 employees, and 100,000 drivers on its platform. and will exceed $100 million this year.
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. Igloo also provides products that Mehta says directly or indirectly benefits women, through a partnership with Philinsure in the Philippines.
The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch. The startup looks to challenge e-commerce players like Shopify in Southeast Asia.
It is available in Singapore, Malaysia, Thailand, Vietnam and the Philippines, and recently established tech hubs in Bangalore and Ho Chi Minh City. . Doctor Anywhere launched as an online-only telehealth platform, but “we quickly realized that physical presence is very important in order to build trust with users,” Lim said.
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 The company claimed two-fold revenue growth in 2021.
This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. Regardless of their exact number, SMEs, many of which use Excel spreadsheets or paper ledgers to handle their accounting, present a lucrative opportunity for tech startups.
This inspired him to co-found Locad , a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.”. That is what Locad’s tech enables.
Founded by fintech veterans last year, Brick develops APIs that make it easier for tech companies to add identity verification and access financial data from their users. The startup, which is now used by 250 developers and 35 tech companies, announced today it has raised new seed round. The amount of funding was undisclosed.
Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia, but many major platforms still focus on large cities. On average, Mio claims that its resellers make about $200 to $300, earning a 10% commission on each order, and additional commissions based on the monthly performance of resellers they referred to the platform.
Murmur is currently working on a collaborative platform that helps companies make decisions in an open and feedback-oriented way. At this point, out of the 100 most active accounts on Murmur, less than a quarter would be considered tech companies, according to Dignan. Top customers include Adidas, Bitly and Philippine Space Agency.
Achiko’s platform combines an app called Teman Sehat (“Health Buddy” in Indonesian) for payments and keeping test records, and proprietary low-cost testing kits using DNA aptamers, or synthetic strands of DNA, that are cheaper to manufacture than rapid or PCR tests. Many companies had to adapt during the COVID-19 pandemic.
The Series E was led by Insight Partners , the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth. Employment Hero is an automated human resources, payroll and benefits platform for SMEs. Australia-based Employment Hero raises $45M AUD for its global expansion. “We
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. The tech-enabled startup, launched by Fadl Al Tarzi in 2019, is filling affordability and relevance gaps in education.
Edtech and the creator economy certainly differ in the problems they try to solve: Finding a VR solution to make online STEM classes more realistic is a different nut to crack than streamlining all of a creator’s different monetization strategies into one platform. It’s not a theory; it’s a venture-backed business.
Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero. Businesses, and the techplatforms that support their operations, had to adapt quickly to the pandemic. Employment Hero also renewed its partnership with SEEK, which means the platform includes SEEK job ads in Southeast Asia.
Nonprofit tech experts team up to help others master ‘social tools for social change’. Beth Kanter, Amy Sample Ward, Katrin Verclas and John Haydon are among the familiar names in the nonprofit tech sector who are part of the effort. She is currently a Kiva fellow serving a three-month tour in a rural section of the Philippines.
Computers, the internet, fintech, artificial intelligence, any tech you can name ( except mobile tech) people in these regions have always had to play catch up. 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.
India initially made its name in the tech world years ago when it staked out reputation as a key hub for business process outsourcing. “We want to help and empower the banks, who are our clients, to lend better, lend completely on a digital platform and improve on all parameters,” said Venkatesh.
million in seed funding from investors including SparkLabs Taiwan, Palm Drive Capital and content-tech unicorn Tezign, and will launch generative AI-powered features soon. Since its launch, dipp has primarily focused on Taiwan, but is expanding into Southeast Asia, with new clients in Singapore, the Philippines and Thailand.
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. Africa to Asia is a large trading corridor overlooked and underserved by tech today.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. Eventually, it has its eyes on space, deploying its wireless fiber optics from orbit. and anywhere on earth.”
Patricia Sosrodjojo, partner at Seedstars, told TechCrunch that the second fund’s investment thesis is similar to its predecessor: to come in at very early stages, in tech ecosystems in emerging markets, and look for startups that have the potential to make a wide impact. “I I think of it as three different levels,” she said.
PDD-owned Temu made a quiet debut in the Philippines this past weekend, its first Southeast Asia destination, bringing the budget shopping app into head-to-head competition with Chinese counterparts Lazada and TikTok Shop. Lazada, an online shopping platform that received over $1.1
While the tech industry is slowing down on hiring, tech jobs remain one of the most economically empowering, in-demand job opportunities of the future, especially for those who desire remote work.”. Have a fresh battery : Gogoro to pilot battery swapping and Smartscooters in the Philippines next year, Rebecca writes.
Its customers range in size from tech startups to multinational conglomerates. Then they met Benhi, who was previously an engineer at Discuss.io, a Seattle-based video platform for consumer research. Market research platform Milieu Insight raises $2.4 The new capital will be used for product launches, marketing and hiring.
It’s not an untested strategy in the tech industry. ” Modsy’s initial business model revolved around selling interior design services on top of an AI-powered platform. In May, Modsy signaled that it would pivot to offer a software-as-a-service platform , Modsy Pro, as a service for interior designers.
Mary Ann Image Credits: Brex Other weekly news Christine, Mary Ann and Natasha Mascarenhas teamed up to write about the collapse of First Republic Bank , speaking with tech founders and investors who had money in the bank about what happens next. Fintech projected to become a $1.5
If you follow tech press, you’ve probably noticed more outlets covering the blockchain-based, play-to-earn trend, wherein individuals playing crypto-powered games can ostensibly earn a living off their gaming skills if they earn assets within the game or tokens that they can then sell for “real” money.
Is Southeast Asia about to hit an inflection point for tech startups? Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the population over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will be digital consumers.
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