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Voyager Innovations , the Manila-based owner of PayMaya , one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. Voyager’s total raised since 2018 now stands at $452 million. valuation.
I remembered my Dad, who passed away this year, who was a WW2 Vet and stationed in the Philippines. Large organizations like the ones identified by in this Huffington Post list of charities are also raising money and mobilizing relief efforts, including the Red Cross , Direct Relief , and Save the Children.
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 million in seed funding. Shipmates founders David Marquez and Josh Supan.
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-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.
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.
Payments company Checkout.com is raising once again. But Checkout.com kept growing and growing until it raised one of the biggest Series A rounds ever for a European company — $230 million at a $2 billion valuation. While Checkout.com didn’t actually need to raise to stay alive, Pousaz says VC firms are a form of validation.
Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. Humble keeps excess inventory out of the Philippines’ landfills by Catherine Shu originally published on TechCrunch. ” 5 tips for scaling your green startup during a funding drought.
Voyager Innovations , the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 Voyager’s last round of funding was in July 2021 , when it raised $167 million in preparation for launching its neobank.
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.
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.
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.
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
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.
The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy told TechCrunch. But despite being what they described as not the hottest company in the batch, they skipped the accelerator’s well-known demo day, having already raised capital. Why $4 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.
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.
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.
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. And Southeast Asia is no exception. million in a Series B led by Silicon Valley heavyweight Accel.
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. The early-stage venture capital arm of SoftBank Group announced today it has returned to lead SODA ’s Series C, which currently totals $56.4
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. Social commerce is well-positioned to take off in the Philippines for several reasons, he added.
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 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
million seed funding it has raised from 500 Global, P1 Ventures, Launch Africa, and Middle East VCs Seedra Ventures, Arzan Ventures, Propeller, Core Vision, as well as a number of regional investors. Gameball’s clientele include Sega, Xiaomi, Experience Philippines and Breadfast. Gameball raises $3.5M
This morning Wunderite , a Boston-based software startup, announced that it has raised $3 million in an early-stage round led by Spark Capital. Today the startup is just seven folks — four in the United States, three in the Philippines — but expects to grow to 15 to 20 this year.
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.
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.
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.
Enter BreederDAO , a months-old, Philippines-based “specialist manufacturer” of digital assets for use in blockchain-based games and virtual worlds, including “Axie Infinity.” BreederDAO had previously raised an undisclosed amount of seed funding, too. Now, another building block is apparently needed.
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. According to Crunchbase data , this brings Lalamove’s total raised so far to about $976.5 All three are returning investors. million monthly active users.
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.
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 new funding brings the total seed amount raised by the startup to $7 million. Kwara, which also has a presence in South Africa and the Philippines, has grown its clientele base to 120 from 50 at the end of 2021, maintaining a 100% customer retention — a proof of the value it delivers to its clients.
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.
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. Other examples of social commerce areas focused on smaller cities and rural areas include “hyperlocal” startup Super and KitaBeli , both in Indonesia, and Resellee in the Philippines.
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. Jenfi absolutely stood out to us.
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. billion to $15 billion.
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). GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 ” Financial API provider Brick is building the infrastructure for open banking in Southeast Asia.
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.
Today, Funding Societies announced it has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with participation from new investors like VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. . The platform disburses online loans ranging in size from $500 to $1.5
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